Tech

Microsoft is warning organizations about an active campaign dubbed “Payroll Pirate” that hijacks employee accounts on cloud HR platforms and diverts direct-deposit paychecks, Ars Technica reported.

UK digital bank Monzo is weighing a fresh attempt to secure a US banking license, four years after abandoning its previous bid when talks with regulators stalled, according to the Financial Times. 

North Korea’s government-backed IT workers are quietly infiltrating global tech firms and contractor platforms, earning steady crypto salaries that are laundered through a sprawling network of intermediaries to fund the regime’s weapons programs, according to new analysis from Chainalysis.

International payments cooperative Swift will launch a permissioned blockchain to route transactions among global banks as part of a bid to modernize cross-border payments and blunt the rise of dollar-pegged stablecoins. 

A woman accused of running a multibillion-pound investment fraud in China has pleaded guilty in London to laundering bitcoin linked to the scheme.

Canada’s anti–money laundering watchdog has levied a C$19.5 million penalty against crypto exchange KuCoin for violations of the country’s AML rules.

France has warned it may challenge the right of some crypto companies licensed elsewhere in the European Union to operate domestically, stepping up pressure for stricter oversight of the industry.

Tether, the issuer of the world’s largest stablecoin USDT, announced plans to launch a new U.S.-based stablecoin called USAT.

A Republican lawmaker is urging the U.S. Treasury Department to investigate two Chinese firms tied to the booming Bitcoin mining industry.

The U.S. Treasury Department on Monday blacklisted 19 entities linked to large cyber-scam compounds in Southeast Asia that have targeted Americans in romance and cryptocurrency-investment swindles.