A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year. Binance CEO Changpeng Zhao said in ...Read More

Billionaire investor Ray Dalio announced Tuesday that he is giving up control of Bridgewater Associates, the world’s largest hedge fund. Why it matters: This is the final step in Dalio relieving control of the firm he founded, transitioning $150 billion in assets to the next generation of leaders. ...Read More

On Sept. 27 the Securities and Exchange Commission and the Commodity Futures Trading Commission collectively announced a combined $1.8 billion in fines against more than two dozen Wall Street firms for failing to maintain and preserve electronic communications. The charges stem from record-keeping failures and use of unapproved communication methods, ...Read More

Activision Blizzard Inc.’s chief compliance officer, who drew scrutiny over her response to sexual assault allegations last year, is stepping down as the video game publisher seeks to close its sale to Microsoft Corp. Frances Townsend, who also serves as executive vice president of ...Read More

The U.S. Securities and Exchange Commission (SEC) said Friday that it has filed charges against two firms and four individuals allegedly perpetrating a cryptocurrency pump-and-dump scheme. The two companies are Bermuda-based Arbitrade Ltd. and Canadian firm Cryptobontix Inc. The other defendants are their principals — Troy ...Read More

Alex Mashinsky, the embattled founder and former CEO of Celsius Network, removed $10 million from the now-bankrupt crypto lender weeks before Celsius halted customer withdrawals in June, the Financial Times reported, citing unnamed sources. Mashinsky, who resigned as CEO Sept. 27 Eastern time, withdrew the cryptocurrency in May, according ...Read More

Two former eBay executives were given prison time Thursday for their involvement in a cyberstalking scheme that targeted a couple behind an e-commerce blog that was perceived as critical of the company. James Baugh, eBay’s former senior director of safety and security, was sentenced to almost five years ...Read More