A report by Senator Warren’s office: fraud and scams are occurring more often on P2P payments app Zelle, with banks only reimbursing ~47% of defrauded customers (Ken Sweet/Associated Press)

Ken Sweet / Associated Press:
In a bankruptcy hearing, FTX lawyers say a “substantial amount” of assets have been stolen from accounts; client names and addresses will be redacted for now  —  Lawyers for FTX disclosed Tuesday that a “substantial amount” of assets has been stolen from the accounts …

Chelsey Cox / CNBC:
FinCEN: US financial institutions processed ~$1.2B in likely ransomware payments in 2021, up ~3x YoY; ~75% of ransomware incidents in H2 2021 were Russia-linked  —  – U.S. banks and financial institutions processed more than $1 billion in potential ransomware-related payments in 2021.

Cheyenne Ligon / CoinDesk:
US DOJ says two Estonians were arrested for a $575M cryptocurrency fraud and money laundering scheme that allegedly defrauded hundreds of thousands of investors  —  According to the Department of Justice, the two men used shell companies to launder the proceeds of their fraudulent schemes and buy luxury cars and real estate in Estonia.

CNBC:
The Southern District of New York charges SBF with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, money laundering, and more  —  – Federal prosecutors in the Southern District of New York unsealed eight seperate charges against disgraced FTX co-founder Sam Bankman-Fried …

Sarah Perez / TechCrunch:
Court filings: Apple settled with FlickType developer Kosta Eleftheriou; the lawsuit alleged Apple rejected his Watch app and then approved rip-offs of the app  —  An app developer’s lawsuit over App Store rejections, scams and fraud has ended in a settlement agreement after court filings show …

David Klepper / Associated Press:
CCDH: when researchers on TikTok in the US, UK, Canada, and Australia liked self-harm and eating disorder videos, the app recommended more similar content  —  TikTok’s algorithms are promoting videos about self-harm and eating disorders to vulnerable teens, according to a report published Wednesday …