NBC News:
Secret Service report: China-linked APT41 hackers stole $20M+ in US COVID-19 relief benefits, the first example of pandemic fraud by state-affiliated hackers — Hackers linked to the Chinese government stole at least $20 million in U.S. Covid relief benefits, including Small Business Administration loans …
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 …
Bloomberg:
Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG — The troubled brokerage Genesis Global has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its lending made to related parties including …
Tim Copeland / The Block:
Orthogonal Trading defaults on eight loans to lending protocol Maple Finance totaling $36M, or ~30% of active loans on the protocol, likely due to FTX exposure — – Orthogonal Trading has defaulted on eight loans totalling $36 million on lending protocol Maple Finance.
Tony Romm / Washington Post:
US House committee report details how fintech companies, like Blueacorn, allegedly disbursed billions in fraudulent PPP loans, while collecting billions in fees — Little-known firms such as Blueacorn and Womply allegedly collected taxpayer-funded fees as they overlooked signs of grift …
New York Times:
Source: US prosecutors charge Sam Bankman-Fried with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering — A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
Kyle Wiggers / TechCrunch:
Salt Lake City-based Zartico, which offers analytics and visualizations to government-affiliated tourism boards, raised a $20M Series A led by Arthur Ventures — Despite representing 10% of the world’s GDP, the tourism industry has been one of the last to embrace big data and analytics.
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