OODA Analysis and Briefs

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Intelligence? Sold!

One thing has been strikingly absent from the public debate about the terrorist surveillance program run by the National Security Agency: Perspective. While we may not know the full scope of the use of personal information by our intelligence services, we know quite a bit about the routine use and compromise of our most personal…
Tick, tick, tick . . .

Slate takes a brief look at intel whiste-blowers and the potential significance of Russ’ testimony next week. I’m particularly fond of the wrap-up: Sources in addition to Tice sketched out the wiretapping program for the Times. But since the revelations became public, no one else has come forward. In an echo chamber of unnamed “senior…
Bond, Jane Bond

This was just too good to pass up, and a nice way to lighten the mood on a Friday. New Zealand filmmaker Lee Tamahori, who directed the James Bond movie “Die Another Day,” has been arrested in a Hollywood prostitution sting while dressed in drag. Tamahori, 55, was arrested on January 8 when he allegedly…
And I Thought Eliot Jardines . . .

. . . had the toughest most thankless job in the Community: Agency: Office of the Director of National Intelligence Job Announcement Number: TBD-2-13-2006 SALARY RANGE: 107,521.00 – 139,774.00 USD per year OPEN PERIOD: Thursday, February 02, 2006 to Friday, February 10, 2006 SERIES & GRADE: GS-0300,0000-15/15 POSITION INFORMATION: Full-Time Permanent DUTY LOCATIONS: 1 vacancy…
Stop, Hey, What’s that Sound?

A visitor is concerned: Lately, and for reasons I do not understand, this site is regularly visited by The Department of Defense, at times particularly the CIFA arm of DOD, The United States Department of State, and yesterday, the U.S. General Accounting Office.(There are many, many more governmental entities that visit this site.) […] To…
Don’t get all warm & fuzzy just yet

The Washington Times allows for a moment of reflection: Despite statements by senior al Qaeda leaders, U.S. intelligence agencies do not have information indicating the group is ready to conduct a major attack, U.S. counterterrorism officials said. […] there are no signs of an impending attack like the hijacked airline strikes on the Pentagon and…
Deny? Oh, DNI!

The Washington Post discovers the open secret: John D. Negroponte is to give a Capitol Hill briefing this morning on threats at home and abroad, as lawmakers express varying degrees of concern about whether he has moved quickly enough to establish his leadership as the nation’s first director of national intelligence. Several members of Congress…
Moving Forward?

Steve Hayes and William Kristol bring the noise on media exploitation.
SO/LIC, doesn’t he coach at Nebraska?

The Hill reports on more Pentagon consolidation proposals: Sources tell The Hill that Secretary of Defense Donald Rumsfeld is considering a proposal to eliminate the office of the assistant secretary of defense for special operations and low-intensity conflict (ASD SO/LIC) and spreading its responsibilities across other Pentagon offices. The proposal comes from Ryan Henry, the…
Just in case you thought we forgot (Able Danger)

A great series of questions and answers about Able Danger at Rory O’Conner’s blog that summarizes all you need to know (before the knock on the door comes). (more shortly)
This ought to be interesting

GCN keeps setting them up . . . The Homeland Security Department will test how well it works with other federal agencies and private IT companies to protect cybersecurity in a national exercise Feb. 6-10. The Information Technology Information-Sharing and Analysis Center will take part in the exercise, known as Cyber Storm, with DHS to…
Don’t Call it a Set Back

Catching up on more GCN tid-bits: John Russack, program manager for the Information-Sharing Environment in the office of the Director of National Intelligence, is leaving the post, according to a statement released today by Sen. Dick Durbin (D-Ill).
Confidence Remains High? (Part II)

Government Computer News reports on DHS’s new “Secure Border Initiative” The Homeland Security Department today took the wraps off its ambitious plan to quickly gain control of the U.S. northern and southern borders by hiring a systems integration contract team to carry out the Secure Border Initiative (SBI). DHS plans to request proposals…
Living the Motto?

The FBI Motto: Fidelity, Bravery, Integrity Her fidelity I can’t speak to . . . whatever bravery she had when she blew the whistle on stupid-headquarters-tricks has long past . . . and as far as integrity, well, read on (from Captain’s Quarters): […] former FBI agent and whistleblower Coleen Rowley […] has descended far…
Contractor’s Dream – Intelligence Nightmare

Siobhan Gorman blazes a trail through Ft. Meade: A program that was supposed to help the National Security Agency pluck out electronic data crucial to the nation’s safety is not up and running more than six years and $1.2 billion after it was launched, according to current and former government officials. The classified project, code-named…

Briefs

Protests as Sudan military, parties sign initial transition deal

Sudan’s military and political parties have signed a framework deal that creates a two-year, civilian led transition toward elections. This move would end the standoff surrounding elections that was triggered by a coup in October of 2021. Anti-military protest group sand factions loyal to former leader Omar al-Bashir oppose this deal. The deal would limit…
Explosions hit two military airfields in Russia

Several people have been killed in explosions at two different Russian military airfields. A fuel tanker exploded in an airfield near the city of Ryazan, killing three people and injuring six. Another two people have been reported injured in an explosion at an airfield in the Saratov region. It is not known what caused the…
CFTC Chair: Crypto ‘Potentially a Threat to National Security’ After FTX Crash

Cryptocurrency may be a threat to America’s national security and more regulation is needed in the space now, Commodities Futures Trading Commission Chair Rostin Behnam said today. Senators on Thursday grilled Behnam on lack of regulation in space at the first congressional oversight hearing following the crash of crypto exchange FTX and the fall of its…
How Hackers Are Stealing Billions In Cryptocurrency

Cryptocurrency continues to sit at the forefront of finance news. Led by juggernauts such as Bitcoin or Ethereum, cryptocurrency (or simply “crypto”) offers a new way to invest in, and develop a portfolio of, financial assets (via Investopedia). Cryptocurrency remains a volatile asset class, so anyone engaging in market speculation should do so only after…
How smart contracts can improve efficiency in healthcare

Smart contracts are self-executing lines of code that run atop blockchains and are triggered once a set of predetermined conditions are met. They are used to automate the execution of online agreements without the involvement of third parties. Today, they are used across many industries, including the healthcare industry. The healthcare sector stands to benefit a…
Korean Prosecutors Seek Arrest of Terra Co-Founder Over $105M LUNA Sale

Terraform Labs co-founder Daniel Shin appeared in court Friday, at a hearing to decide whether he should be arrested for allegedly extracting illegal profits prior to the collapse of the Terra ecosystem. Per the Korea Times, Shin stands accused of selling a $105 million hoard of Terra’s LUNA tokens at the cryptocurrency’s peak price; the…
Hacker Makes Off With Millions After Minting Six Quadrillion of Ankr’s BNB Staking Tokens

Ankr, a web3 infrastructure project on BNB Chain, has suffered a major exploit with an attacker minting and dumping millions worth of its wrapped BNB token, aBNBc. On Dec. 2, Nansen, an on-chain analytics provider, flagged that six quadrillion aBNBc had been abruptly minted. It added that the hacker was racing to offload the tokens…
Cyber-Threat Group Targets Critical RCE Vulnerability in ‘Bleed You’ Campaign

Security firm Cyfirma has released a new report detailing a critical flaw tracked as CVE-2022-34721 that has been under active attack since at least September of this year. The flaw is being exploited in an active campaign that takes advantage of the remote code execution vulnerability in Windows Internet Key Exchange Protocol Extensions. According to…
WhatsApp Files on Dark Web Show Millions of Records For Sale

Check Point Research recently published an advisory detailing an incident in which a threat actor posting on a dark web forum claimed to have stolen the personal information of roughly 500 million WhatsApp users. The advisory analyzes the files that the threat actor claims to have stolen. Check Point confirmed that the leak includes over…
Hackers Target Colombia’s Healthcare System With Ransomware

Keralty, a Colombian healthcare provider, confirmed that it suffered from a ransomware attack that affected its systems. The attack occurred on Sunday and also impacted two of the healthcare provider’s subsidiaries, EPS Sanitas and Colsanitas. Colombian news outlet El Tiempo reported that the ransomware attack potentially disrupted the companies’ IT operations, websites, and scheduling of…
Two bombs target Italy’s embassy cars in Greece, no injuries

Two explosive devices targeted cars belonging to the Italian embassy in Greece. One bomb detonated without causing injuries, and the other did not go off. There are no immediate claims of responsibility and an investigation is underway. The homemade bomb exploded around 4am local time on Friday and damaged a car parked outside of an…
Russia demands annexations recognised before talks

Russia says the West’s refusal to recognize the annexations of parts of Ukraine makes negotiating peace talks harder. The Kremlin is open to negotiations but not on the West’s demand to pull out of Ukraine. Russia has illegally annexed four regions of Ukraine at the end of September, without controlling any of them. After nine…
Crypto Does Not Need A Rescue Fund, It Needs To Get Boring

Cryptoassets do not need a rescue fund, a bailout, or any other so-called “white knight” initiatives; the sector needs to have a reality check and honestly assess how the future will evolve.In the aftermath of the collapse of FTX, which looks increasingly like a straight-forward example of a mismanaged firm run by an unethical team…
Telegram CEO Durov Plans to Build Crypto Wallets, Decentralized Exchange

Messaging app Telegram has sold $50 million in usernames in less than a month through its blockchain-based auction platform, Fragment, CEO Pavel Durov said Wednesday. The figure speaks to the success of Telegram’s second go-around at bootstrapping its own crypto infrastructure. Fragment is built atop the Telegram Open Network, a blockchain Durov abandoned under regulatory…
What is tokenization and how are banks tapping into its design principles?

Tokenization is the process of converting something with tangible or intangible value into digital tokens. Tangible assets like real estate, stocks or art can be tokenized. In a similar vein, intangible assets like voting rights and loyalty points can be tokenized, too. We see Avios as an example of tokenized loyalty points by the traditional…
More regulations won’t fix cryptocurrency

FTX cryptocurrency recently went bankrupt, causing many investors to lose millions of dollars. Even though FTX plummeted, more restrictions would tarnish crypto’s freedom and should not be regulated due to cryptocurrency’s nationwide payments. Cryptocurrency is a free market that allows individuals to exchange nationwide without a middleman. Liquid cash needs a middleman like PayPal, Apple…
Rising Tether Loans Add Risk to Stablecoin, Crypto World

The company behind the tether stablecoin has increasingly been lending its own coins to customers rather than selling them for hard currency upfront. The shift adds to risks that the company may not have enough liquid assets to pay redemptions in a crisis. Tether Holdings Ltd. says it lends only to eligible customers and requires that…
Majority of US Defense Contractors Not Meeting Basic Cybersecurity Requirements

New research commissioned by CyberSheath revealed that nine out of ten (87%) of US defense contractors do not meet basic cybersecurity regulation requirements. The security firm conducted a survey of 300 Department of Defense contractors and found that a shockingly low number of respondents have the recommended level of security practices in place. Only 13%…
Africa to receive first batch of 50,000 mpox vaccines

The African continent will receive its first batch of mpox vaccines as a donation from South Korea, according to the Africa Center for Disease Control and Prevention. The 50,000 doses will be given to health workers and people living in the hardest hit areas. There have been 202 deaths recorded from mpox in Africa and…
Spanish PM targeted amid spate of explosive packages

Spain has increased security after a number of letter bombs have been sent to high-profile targets, including the prime minister. On Wednesday, a similar device was delivered tot he Ukrainian embassy in Madrid, slightly injuring an employee. The defense minister and the US embassy were also among the targets. It is suspected that the bombs…
LastPass Reveals Another Customer Data Breach

LasPass, a password management service, has discovered that it was impacted by another breach of customer information that is potentially linked to a previous security breach that occurred in August. The investigation into the original incident is ongoing and being conducted by Mandiant. Additionally, law enforcement was notified of the original data breach. LastPass stated…
European Central Bank says bitcoin is on the ‘road to irrelevance’

The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week “signals a breather on the way…
While Crypto Erupts In Chaos, Financial Firms Quietly Use Blockchain To Solve Real-Life Problems

While the crypto world descends into chaos, dedicated teams inside financial services firms continue quietly going about their business, rolling out blockchain-based products that are solving real-life problems for customers. Some amazing things happen when the technology that was used to create cryptocurrencies is applied to actual business challenges. Over the past two years, financial services…
The Implications of FTX’s Collapse for North Korea

Earlier this month, one of the world’s largest cryptocurrency exchanges, FTX, collapsed. While the sudden implosion of FTX sent shockwaves through the cryptocurrency industry, its demise also has implications for North Korea’s ability to continue to exploit weaknesses in the virtual asset ecosystem. Due to the Kim Jong Un regime’s self-imposed isolation during the pandemic, North…
Blackboxes Within Blackboxes: Cryptocurrency In Your State Pension

The recent collapse of the global cryptocurrency markets has exposed many previously hidden dangers related to these blackbox investments. Growing secrecy at our nation’s public pensions has turned government retirement plans into blackboxes themselves. Public pension officials have agreed to be kept in the dark about how much they’re poised to lose in cryptocurrency investments…
Brazil Legalizes Crypto as a Method of Payment

Brazil has not designated Bitcoin as legal tender, but it did the next best thing: it passed a law legalizing cryptocurrencies as means of payment throughout the country, giving a regulatory boost to the adoption of digital currencies and the expansion of the ecosystem. Brazil’s Chamber of Deputies approved a regulatory framework legalizing the use…
Acer Firmware Flaw Lets Attackers Bypass Key Security Feature

Security researchers at ESET have identified a flaw tracked as CVE-2022-4020 impacting the Acer firmware. The flaw impacts five of the company’s laptop models and could allow an attacker to disable a device’s Secure Boot settings, leading to malware execution and disarming of security measures. The flaw was discovered on some versions of consumer Acer…
Ransomware Gang Takes Credit for Maple Leaf Foods Hack

The Black Basta ransomware group has claimed responsibility for an attack that occurred earlier this month targeting Maple Leaf Foods. The company experienced outages as a result of the cyberattack despite taking action immediately after identifying the breach. The Canadian packaged meats company has not verified the extent of financial losses caused by the cyberattack.…
France rescues 240 UK-bound asylum seekers in 24-hour period

240 asylum seekers have been rescued by French emergency services from the English Channel. The asylum seekers were traveling in small boats toward the southern coast of England. The rescues occurred in five different operations between Monday and Tuesday. According to the UK authorities, 426 migrants and refugees were detected crossing the Channel after very…
Students killed as bomb blast hits Afghan school

At least 10 people have been killed after a bomb struck a religious school in northern Afghanistan. The blast occurred in Aybak in the Samangan province and left many people injured. The death toll remains uncertain, but is estimated to be 17 people. No group has claimed responsibility for the attack. The bombing occurred as…
Self-Replicating Malware Used by Chinese Cyberspies Spreads via USB Drives

Cyber espionage group UNC4191 has been observed leveraging self-replicating malware spread via USB drives to infect entities in Southeast Asia, Asia-Pacific, Europe, and the US. According to security researchers at Mandiant, the technique allows the threat actor to steal data from air-gapped systems. Mandiant also found that the campaign has a focus on the Philippines.…
Oracle Fusion Middleware Vulnerability Actively Exploited in the Wild According to CISA

On Monday, the US Cybersecurity and Infrastructure Security Agency (CISA) updated its Known Exploited Vulnerability Catalog to include a critical flaw that affects Oracle Fusion Middleware systems. The bug has been confirmed to be exploited in the wild. The CISA stated that the flaw allows unauthenticated attackers with network access to compromise Oracle Access Manager,…
PII May Have Been Stolen in Virginia County Ransomware Attack

Personal identifiable information may have been leaked in a recent ransomware attack targeting Southampton County in the state of Virginia. The county recently warned individuals that their information may have been stolen after cybercriminals were able to gain access to a single server and encrypted it. Southampton County stated that its IT team took appropriate…
As BlockFi files for bankruptcy, what to know about crypto investor protections

Crypto firm BlockFi filed for bankruptcy Monday, the latest cryptocurrency domino to fall after the collapse of FTX two weeks ago threatened to destabilize companies in the broader crypto ecosystem. BlockFi offers a cryptocurrency trading exchange and interest-bearing custodial service for cryptocurrencies. The distressed company — which had said it had “significant exposure” to FTX…
Bitcoin Offshoot Becomes the Latest Victim of FTX’s Contagion

The fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire has spread to a new corner of the digital-asset market. Focus has turned to the price disparity between Bitcoin and a derivative of the largest cryptocurrency called wrapped Bitcoin, which can be used on the rival Ethereum blockchain. Wrapped Bitcoin is backed 1-to-1 by the…
Cryptocurrency needs regulation to spare customers from collapse

Out of nowhere, 30-year-old Sam Bankman-Fried became a billionaire mover and shaker in the world of cryptocurrency. Careful to make friends of powerful Democrats and media columnists alike, he threw money around the halls of Congress — and everywhere else he went — while threatening to disrupt Chicago’s financial futures industry. Known by his initials, “SBF” is…
Hong Kong cryptocurrency exchange AAX in limbo after FTX crisis forces withdrawal freeze, executive departure

A Hong Kong cryptocurrency exchange has become the latest casualty of FTX’s collapse this month, leaving thousands of investors and clients in limbo and revealing the city’s exposure to a market it has recently sought to better regulate. Atom Asset Exchange (AAX) has effectively shut down after it deleted its social media accounts and froze…
Binance CEO Warns Users to Be Vigilant as Dark Web Hackers Auction Off 500 Million Whatsapp Numbers

Binance CEO Changpeng Zhao has warned users of an upcoming wave of phishing scams as hackers are selling up-to-date mobile phone numbers of nearly 500 million WhatsApp users. In a tweet, Zhao, who goes by the name CZ on Twitter, said over 487 million WhatsApp phone numbers are for sale on the Dark Web. He stated…
Millions of Twitter Accounts Potentially Compromised

Cybersecurity expert Chad Loder announced on Twitter that he believes over five million user accounts may have been compromised. The accounts belong to users located in Europe and the US, Loder stated. Shortly after the Tweets were posted to the platform, Loder’s account was suspended. However, they are still available on both the WayBackMachine and…
Phishing Campaign Impersonating UAE Ministry of Human Resources Grows

Security researchers at CloudSEK have discovered a phishing campaign in which threat actors impersonated the Ministry of Human Resources. According to recent reports, the operation may be larger than previously believed when it was first discovered in July 2022. CloudSEK recently published an updated advisory stating that it identified a group of phishing domains utilizing…
QatarEnergy, ConocoPhillips sign LNG deal for Germany

ConocoPhillips and QatarEnergy have signed sales and purchase agreements to export liquified natural gas to Germany for at least 15 years, beginning in 2026. This is the first deal of its kind with Europe from Qatar’s North Field Expansion project. The deal will provide Germany with two million tons of liquid natural gas every year.…
Three Palestinians killed in clashes with Israeli forces in West Bank

In two separate incidents in the occupied West Bank, three Palestinian men have been killed by Israeli forces. Two were killed in clashes with Israeli troops near Ramallah. Israel’s military stated suspects threw petrol bombs at their troops during an operation, causing the troops to return fire. The third man was shot when two Israeli…
UK Lawmakers Approve Rules to Ease Seizure of Terror-Linked Crypto

With terror attacks tied to cryptocurrency projected to quadruple, the U.K. has approved new rules making it easier for law enforcement to seize crypto connected to terrorists. As Coin Desk reported recently, the rules were proposed as amendments to the Economic Crime and Corporate Transparency bill. “This addresses a gap in current counterterrorism legislation,” Tom Tugendhat, the…
LINE-founded cryptocurrency exchange BITFRONT announces closure

BITFRONT, the cryptocurrency exchange founded by LINE — one of the largest social media in Asia — announced its closure. As of March 31, 2023, the withdrawal of cryptocurrencies held on the platform will be halted, and all personal user information collected by the firm will be deleted within 40 days. In a notice published Nov. 28,…
Major Canadian Crypto Exchange Coinsquare Says Client Data Breached

Coinsquare, one of Canada’s largest cryptocurrency exchanges, may have been breached, but the company claims customer assets are “secure in cold storage and are not at risk.” The exchange, which touts itself as “Canada’s trusted platform to securely buy, sell and trade Bitcoin, Ethereum, and more,” emailed customers yesterday to report a “data incident” in…
AIIMS servers remain down, but hospital says no demand for ransom brought to notice

After several media reports emerged suggesting that hackers have demanded an estimated Rs 200 crore in cryptocurrency from the All India Institute of Medical Sciences (AIIMS), Delhi, the hospital has said that no ransom demand has been brought to notice by AIIMS authorities. Meanwhile, the data restoration and server cleaning process is still in progress and…
Aave temporarily freezes lending markets to fend off further attacks

Decentralized liquidity protocol Aave has temporarily suspended lending markets for 17 tokens to fend off volatility risks that could lead to further attempts at market manipulation. Lending markets were frozen right after its governance members passed a vote that aims to temporarily freeze assets considered to be volatile and have low liquidity. The assets included in…
Crypto firm BlockFi files for bankruptcy as FTX fallout spreads

Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX. In the filing, the company indicated that it had more than 100,000 creditors, with liabilities and assets ranging from $1 billion to $10 billion. In the filing,…
China COVID cases hit fresh record high after weekend of protests

China has posted a record-high number of Covid-19 infections on Monday after a weekend of protests over the coronavirus restrictions. Demonstrators and police clashed on Sunday in Shanghai, and police took a busload of protesters away from the scene. Stocks and oil prices slid on Monday as well in China, as the protests raised concern…
Key hotel in Mogadishu stormed by al-Shabab militants

A hotel in the capital of Somalia, Mogadishu, was attacked by Al-Shabab militants on Sunday. The hotel, Villa Rose, is known to host government officials. Shortly after the attack, the Environmental Minister of Somalia Adam Aw Hirsi stated he had survived. There are unconfirmed reports that Somalia’s internal security minister was injured. The Islamist group…
Cybercrime Carnage: Cryptocurrency-Targeting Attacks Abound

While the cybercrime story for 2022 has yet to be fully written, cryptocurrency theft will no doubt have a starring role. Buoyed by the collective pilfering of billions of dollars’ worth of cryptocurrency already this year, stealing more will no doubt be a top New Year’s resolution for the criminally inclined. Illicit interest in cryptocurrency continues…
North Korea’s crypto-heists show vulnerabilities in Western security: experts

North Korea’s tireless cryptocurrency theft operations have highlighted vulnerabilities in the U.S. security ecosystem, raising questions of safety in the face of more effective cyberthreats from Russia and China. “They’ve gotten into U.S. government websites,” Bruce Klingner, senior research fellow for northeast Asia at the Heritage Foundation, told Fox News Digital. “They’ve gotten into the…
Alameda-Backed Crypto Trading Firm 3Commas Says It’s Pretty Sure It Wasn’t Breached

Over a dozen users of the crypto trading service 3Commas, which was backed by Sam Bankman-Fried’s Alameda Research, say the platform leaked their credentials and enabled attackers to run away with over $6 million in user funds. The platform’s CEO has called these allegations “false rumors,” stating that those who lost their funds have been…
1inch releases new tool to protect traders against ‘sandwich attacks’

Exchange aggregator 1inch released a new tool called “Rabbithole” on Nov. 25, which the company says will protect traders against malicious “sandwich attacks.” The team announced the launch of the tool in a press release that has been made available to Cointelegraph. Rabbithole works by allowing users to submit transactions directly to Ethereum nodes, bypassing…
Binance deploys $1 billion to keep crypto industry afloat after FTX collapse

Cryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX’s calamitous bankruptcy. In a blogpost, Binance said it will devote $1 billion in initial commitments to the recovery fund. It may increase that amount to $2 billion at a point…
Sybil Attacks: What are they and how do blockchains mitigate them?

Crypto attacks have been on the rise in recent times. According to Chainanalysis, October was the biggest month for crypto hacking activity, with more than $760 million lost during the 31-day period and over $3 billion syphoned off this year alone. One of the reasons for this spike is the ever-increasing number of methods hackers…
Crypto Survived MtGox and it Will Survive FTX: Chainalysis

On Nov. 24, analytics firm Chainalysis made the Mt.Gox comparison as it was not the first time the crypto world has been shaken due to an exchange demise. Mt.Gox was the first Bitcoin exchange, but it collapsed in February 2014. Crypto survived and thrived, and it will do so again despite all the mainstream media…
Litigation Minute: Current Issues in Cryptocurrency-Related Litigation

Blockchain and distributed ledger technology hold great promise for advancements in logistics and supply chain management, health care, finance, and many other aspects of business and personal life. Smart contracts are revolutionizing digital asset trading, decentralized finance, corporate governance, and even the practice of law. Cryptocurrency markets—though currently challenged by startling devaluations, bankruptcies, and regulation by…
The Who, What, When, Where, and Why of Cryptocurrency Fraud — and How We Can Stop It

More than 300 million people use crypto worldwide and 16% of Americans say they have invested in, traded or used cryptocurrency, according to Pew Research. Meanwhile, cryptocurrency hacks are on the rise, with more than $1 billion stolen so far this year, including recent fraudulent activities identified in South Korea with remittances abusing the so-called…
Will the FTX Collapse Lead to Better Cryptocurrency Regulation?

n Tuesday, November 22nd, the first hearing was held in the bankruptcy case of the cryptocurrency exchange FTX. One of the attorneys representing the company, James Bromley, was blunt. “You have witnessed probably one of the most abrupt and difficult collapses in the history of corporate America,” he told a Delaware courtroom. He described FTX…