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Nintendo Thanks Feds For Sending Hacker To Prison For 3 Years

11.2.2022
Recently indicted Nintendo hacker Gary Bowser has been handed a 40-month prison sentence by the U.S. District Court for the Western District of Washington for creating and selling “console-hacking software and devices used to play pirated Nintendo Switch games.” This is according to a victory...

US Govt Wants To Imprison Nintendo Hacker Bowser For 5 Years

4.2.2022
The U.S. government suggested to a federal judge on Thursday that Nintendo hacker and modder Gary Bowser receive five years in prison after he pled guilty to two charges involving the selling and creation of mod chips that could allow people to play pirated games on their Nintendo Switch. Read more

The Metaverse: Three Legal Issues We Need to Address

4.2.2022
  Pin Lean Lau, Lecturer in Bio-Law, Brunel Law School | Centre for Artificial Intelligence: Social & Digital Innovations, Brunel University London._____ The “metaverse” seems to be the latest buzzword in tech. In general terms, the metaverse can be viewed as a form of cyberspace. Like...

Crypto-Based Money Laundering Still on the Rise, DeFi Gets Bigger Role

26.1.2022
  Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may have made the activity less concentrated, blockchain intelligence firm...

‘Romantically Involved’ USD 3.8m XRP Thieves Sent to Prison for 7 Years

26.1.2022
  A couple who stole over some USD 3.76m worth of XRP tokens from a crypto investor in 2017 have been handed seven-year jail sentences after an appeals court in South Korea ruled that the duo should spend the best part of a decade behind bars.... Read More: ‘Romantically Involved’ USD 3.8m...

Court Dismisses Lawsuit By Parents Whose Kids 'Gambled' With CSGO Skins

14.1.2022
On January 7, a U.S. federal court dismissed the final lawsuit against Valve regarding the company’s alleged facilitation of what plaintiffs claimed amounts to illegal gambling in CSGO matches. This was the last case in a series of claims brought to the court by parents whose children had purchased...

Tether Freezes USD 160M-Heavy Addresses on Law Enforcement Request

14.1.2022
  Stablecoin issuer Tether (USDT) froze three addresses on Ethereum (ETH), which together hold USD 160m worth of assets. This has been confirmed by Tether, stating that they have done so upon request from law enforcement, per Coindesk. Per data analytics site Bloxy, Tether itself has so...

India Seizes Assets in $162M Morris Coin Cryptocurrency Investment Scheme

13.1.2022
Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies. India Authorities Seize Assets in Alleged...

Illicit Activity’s Share in Crypto Shrinks, 'Significant Problem' Remains

6.1.2022
  The growth of legitimate crypto usage is far higher than that of illicit usage, according to blockchain analysis company Chainalysis. However, illicit activity is still “a significant problem.”  “Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction...

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