Behind the scenes in the Bybit hack; Virginia takes aim at fintech lending; union fights Elon Musk
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
How hackers stole $1.5 billion in crypto from Bybit's cold wallet: Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.
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Virginia bill would effectively ban fintech lending: The state legislature has passed a bill that would remove exceptions to a 12% interest rate cap that would make many alternative forms of lending, including earned wage access, infeasible. It sits on the governor's desk, awaiting signature.
Charlie Javice's team seeks mistrial in JPMorgan fraud case: The student aid startup founder is accused of securities fraud, wire fraud, bank fraud and conspiracy.
'Elon Musk is not your boss,' union tells CFPB employees: Consumer Financial Protection Bureau employees — most of whom are on administrative leave — were asked in an email to list what they accomplished last week. National Treasury Employees Union Chapter 335 said workers should list all the tasks they were told not to perform.
Talk to the experts – What you can gain from Payments Forum: The industry's top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.
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