Crypto Thief's Apology to Cost Him $15K

Thief was going to send the apology email to his victim, but by mistake sent it to the detective
03 September 2019   768

A 29-year-old New Jersey resident stole over $ 15,000 in cryptocurrency using a Connecticut resident's mobile phone, which he appropriated while at an airport in California, writes nj.com.

Darren Carter has been charged with misappropriation of personal data. According to the police, at one of the stages of the four-month investigation, the detective involved in this case received an email with an apology from the suspect himself, which he intended to send to his victim, but made a mistake.

Carter was in Salem prison on unrelated charges when detectives from Jersey came to him on August 26 to arrest him.

The victim turned to the police on April 17, reporting the loss of $ 15,472.31 on the account of Coinbase. Police later found that the cryptocurrency was converted into US dollars and withdrawn to a PayPal account within a few hours of the theft of the phone.

Having executed several search orders, the investigators went to Carter. The stolen funds were restored using PayPal and returned to the victim.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   233

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.