BITS OF BLOCKS
BLOCKCHAIN, LAW AND REGULATION
Steven Pettigrove, Partner, Piper Alderman
Michael Bacina, Partner, Travers Thorp Alberga
US DOJ seizes $28M in crypto from serial ransomware actor
The US Department of Justice (DOJ) has seized US$28 million worth of cryptocurrency - primarily Bitcoin - from a hacker who is alleged to...
FBI Forms Crack Team to Target Crypto Crime
The United States Federal Bureau of Investigation (FBI) has announced that it is launching a new team dedicated to blockchain analysis,...
The way the cookie crumbles: Facebook / Meta loses Privacy Act Appeal
The Full Federal Court of Australia recently handed down their decision dismissing an appeal from Meta (Formerly Facebook) which...
Australian Senate Crypto Report - Recommendation 2 - Minimum custody standard for digital assets
The Senate Report into Australia as a Technology and Financial Centre comments on whether there should be government regulated custodial...
Coinbase announces data breach of 6,000 accounts
United States listed cryptocurrency exchange Coinbase suffered a hacking attack that impacted (and stole digital currency from) at least...
Arrrrrg-us: Microsoft Proposes New Anti-Pirate System
The incentive-based system relies on blockchain technology to protect intellectual property rights. Technology giant Microsoft have...
Roll ransacked by rogue hacker
Social token platform Roll, built to be an "infrastructure for social money" has been the subject of a USD$5.7 million attack. The...
Data breached? Ready Responses for Companies and Individuals
Hacks, data leaks and data breaches are fast becoming a fact of the digital age. A recent leak of names and email from leading Australian...
Suggestion & Surveillance: Talk of Chinese CBDC scares VIPs from Macau
Macau, a special administrative region of China with a gaming industry seven(!) times larger than that of Las Vegas, has been rattled by...
Fake zoom invite leads to $8m being stolen from Aussie Hedge Fund
On Monday, the Australian Financial Review reported that Levitas Capital, a Sydney-based hedge find, was the target of a fake Zoom invite...
FinCEN issues first fines for Bitcoin mixing
The US Financial Crimes Enforcement Network (FinCEN) has issued its first-ever financial penalty against a Bitcoin mixer. FinCEN, the US...
Team DoJ: World Police
The Department of Justice has released a Cyber Digital Task Force report titled "Cryptocurrency Enforcement Framework"
Crypto companies praised by NYDFS for rapid response to recent Twitter Hack
the New York Department of Financial Services (NYDFS)has issued a report dissecting the July 2020 Twitter hack
Putting a price on privacy's head: Monero Wanted Dead or Alive by the Internal Revenue Service
The U.S. Internal Revenue Service (IRS) will pay any contractor $625,000 if they can trace the privacy-centric crypto asset monero (XMR).