Lawsuit Accuses Troubled Crypto Lender Celsius Network of Fraud
A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig the price of its own crypto token and failed to properly hedge risk, causing it to freeze customer assets. From a report: The c.....»»
Self-dealing has a long history on crypto exchanges: Researchers investigate "wash trading"
In 2019, the American tech trading company Bitwise presented to the SEC that an astounding 95% of cryptocurrency exchanges were fake. This claim may be credited to a type of market manipulation called "wash trading," which involves inflating trading.....»»
Aston Martin renews private-label captive finance deal with Chase Auto
Aston Martin will continue to use Chase Auto as the private-label lender behind the captive finance company Aston Martin Financial Services following a renewal of their partnership announced Aug. 13......»»
Texas judge who bought Tesla stock won’t recuse himself from X v. Media Matters
Judge dismisses Tesla/X link, accuses Media Matters of seeking "backdoor recusal." Enlarge (credit: Getty Images | SimpleImages) A federal judge who bought more than $15,000 worth of Tesla stock has rejected a motion tha.....»»
ISP to Supreme Court: We shouldn’t have to disconnect users accused of piracy
Cox tries to get contributory infringement ruling in Sony lawsuit overturned. Enlarge (credit: Getty Images | Bosca78) A large Internet service provider wants the Supreme Court to rule that ISPs shouldn't have to disconn.....»»
Crypto-linked cybercrime saw another record year as ransomware risk rises
Ransomware operators have earned more money in 2024 compared to last year as scam possibilites grow......»»
Growing U.S. EV charging network to improve with faster systems, updated software
Drivers will start to experience better, more reliable and faster charging, critical factors needed for the transition to EVs, industry experts say......»»
Seoul residents sweating with record "tropical nights" weather
Residents of South Korea's capital are resorting to novel ways to beat the heat as a century-old weather record fell Friday following a 26th "tropical night" in a row—when the temperature stays above 25 degrees Celsius (77 Fahrenheit)......»»
New infosec products of the week: August 16, 2024
Here’s a look at the most interesting products from the past week, featuring releases from ClearSale, Guardio, Ivanti, Resecurity, and Stellar. Resecurity unveils new AI-driven Fraud Prevention Platform Resecurity unveiled its advanced AI-driven Fr.....»»
Lawsuit accuses Stellantis, Maserati of blocking sale of N.Y. dealerships
Dualed Alfa Romeo and Maserati dealerships in Great Neck, N.Y., have sued Stellantis and Maserati North America for denying an application to transfer the franchises......»»
Solera Auto Finance bought by managers, Obra Capital; now called Arra Finance
Solera Auto Finance's leadership has purchased the lender in a management buyout with partner Obra Capital and renamed the company Arra Finance. It will write subprime auto loans at new- and used-car dealerships......»»
Artists claim “big” win in copyright suit fighting AI image generators
Artists prepare to take on AI image generators as copyright suit proceeds Enlarge (credit: R_Type | iStock / Getty Images Plus) Artists defending a class-action lawsuit are claiming a major win this week in their fight t.....»»
Polestar to boost U.S. retail network by nearly 75% as new product arrives
The EV brand, which is tripling the size of its lineup this year, plans to add 20 stores in the U.S. by the end of 2025......»»
ClearSale introduces three solutions to protect businesses from fraud
ClearSale has announced a new portfolio of fraud prevention tools designed to meet the evolving needs of today’s digital retail landscape. The newly launched suite, dubbed “Preventative Intel,” introduces three powerful solutions: I.....»»
How Surfshark VPN for travel guards against data theft & blocked content
Accessing the internet comes with a lot of risk by default, especially when you're not on your home network, so use a tool like Surfshark VPN for travel to keep your data safe and private.Surfshark VPN for travelIncreased privacy and security isn't t.....»»
Florida’s ban on lab-grown meat challenged as unconstitutional
Attorney: “Florida’s law has nothing to do with protecting health and safety." Enlarge (credit: Upside Foods) Florida’s ban on cultivated meat is being challenged in federal court in a lawsuit that was filed yester.....»»
Texas sues GM for allegedly violating drivers" privacy
Texas Attorney General Ken Paxton said Tuesday's lawsuit arose from a probe announced in June into whether several automakers collected and sold mass amounts of data without drivers' knowledge......»»
Mediterranean Sea temperatures match 2023 records
The temperatures of the Mediterranean Sea in recent days have reached heat records set last summer, the main Spanish maritime research center told AFP Tuesday, with marine heat waves in some places exceeding 30 degrees Celsius......»»
Elon Musk went judge shopping in ad lawsuit and didn’t get the judge he wanted
Judge who had stock in Tesla and Unilever drops X case over alleged ad boycott. Enlarge / Elon Musk speaks at the Satellite Conference and Exhibition on March 9, 2020 in Washington, DC. (credit: Getty Images | Win McNamee ).....»»
Apple comes under fire for Patreon commission; ‘degrading its brand’
Apple is coming under fire for its decision to charge a 30% commission on Patreon subscriptions, which will either see creators receive less or supporters charged more. John Gruber said that Apple was degrading its brand, while Macworld accuses th.....»»
Scammers dupe chemical company into wiring $60 million
Orion S.A., a global chemical company with headquarters in Luxembourg, has become a victim of fraud: it lost approximately $60 million through “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third partie.....»»