bribery
FTX Founder Faces New Charges, Including Alleged $40M Bribe
FTX founder Sam Bankman-Fried is facing a new 13-count indictment, including an alleged $40 million bribe to a Chinese government official. The bribe was reportedly intended to unfreeze cryptocurrency accounts at FTX's affiliate firm, Alameda Research, which held over $1 billion worth of cryptocurrency.
China Identifies Cryptocurrency as a New form for Bribery and Corruption
The Chinese Association for the Study of Integrity and Legal Systems warns of new corruption forms in the digital era, recommending strengthened legislation, expanded bribery definitions, and improved digital enforcement infrastructure.
US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto
The US Eastern District Court of Virginia has charged six people for allegedly involved in laundering millions of dollars for Mexican drug cartels using cryptocurrency.
UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption
The United Nations Office of Drugs and Crime (UNODC) wants Kenya to embrace blockchain technology to fight runaway corruption.
Government Officials in Russia Expected to Declare Their Cryptocurrency Savings
Government officials in the Ural region of Russia are now expected to declare their savings stored in cryptocurrencies.
British University Reveals Blockchain-Enabled Digital Certificate to Water Down COVID-19 Dangers Across Supply Chains
Birmingham City University (BCU) in the United Kingdom is testing the waters with a blockchain-based digital safety certificate to safeguard consumers and suppliers from risks triggered by coronavirus (COVID-19). The digital certificate dubbed the Coronavirus Clearance Certificate (CCC), will be instrumental in reassuring stakeholders across supply chains that goods offered are risk-free.
Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon
A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.
Creating Corruption-Free Ecosystems with Blockchain: A Study
Fighting and eliminating corruption at government or society level is not easy, as complicity and cronyism creates a wall of silence and impunity around it. How can blockchain help to tear this wall down?