President Donald Trump has pardoned Binance founder Changpeng Zhao, who pleaded guilty to a money laundering charge in 2023, the White House said Thursday.
White House press secretary Karoline Leavitt said in a statement that Trump “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.” The move could open the door for Binance, the world’s largest crypto exchange and the host of the Trump family’s crypto firm, to operate in the US again.
Read more…
Source: CNN News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- Hands up who DIDN’T exploit this years-old flaw to ransack a US govt web server…
March 15, 2023
Multiple criminals, including at least potentially one nation-state group, broke into a US federal government agency’s Microsoft Internet Information Services web server by exploiting a critical three-year-old Telerik bug to achieve remote code execution. The snafu happened between November 2022 and early January, according to a joint alert from the FBI, CISA, and America’s Multi-State Information ...
- What happens if you ‘cover up’ a ransomware infection? For Blackbaud, a $3m charge
March 10, 2023
Blackbaud has agreed to pay $3 million to settle charges that it made misleading disclosures about a 2020 ransomware infection in which crooks stole more than a million files on around 13,000 of the cloud software slinger’s customers. According to America’s financial watchdog, the SEC, Blackbaud will cough up the cash – without admitting or denying ...
- Significant hack potentially exposes US lawmakers’ personal data
March 9, 2023
A serious breach at a healthcare administrator serving the U.S. House of Representatives has potentially exposed the personal data of hundreds of lawmakers and their staff, top representatives and a senior Congressional official said in letters circulated on Wednesday. One of the letters, which the House’s Chief Administrative Officer Catherine Szpindor (CAO) sent to members of ...
- TSA issues new cybersecurity requirements for airport and aircraft operators
March 7, 2023
Today, the Transportation Security Administration (TSA) issued a new cybersecurity amendment on an emergency basis to the security programs of certain TSA-regulated airport and aircraft operators, following similar measures announced in October 2022 for passenger and freight railroad carriers. This is part of the Department of Homeland Security’s efforts to increase the cybersecurity resilience of U.S. critical infrastructure and ...
- Germany and Ukraine hit two high-value targets
March 6, 2023
With the help of the FBI, German and Ukrainian police last week searched the properties of two suspected “core members” of a global cybercrime gang that has cost US victims tens of millions of dollars, European officials said Monday. German police officers raided a German citizen’s house, while Ukrainian police searched properties in the capital Kyiv ...
- US Launches Aggressive National Cybersecurity Strategy
March 2, 2023
The Biden administration is pushing for more comprehensive federal regulations to keep the online realm safer against hackers, including by shifting cybersecurity responsibilities away from consumers to industry and treating ransomware attacks as national security threats. The plan is part of the National Cyber Strategy that the administration released Thursday, outlining long-range goals for how individuals, government ...