In the “Weekly Round-Up” we summarise and give extra reading suggestions for some of the past weeks financial crime news headlines, powered by Acuminor’s crime universe ThreatView® .
Friday again, and a snowy start to December here in Sweden. The highlights from this week start with the huge digital bank robbery at the beginning of the week when Bitmart virtual currency exchanger suffered a data breach. The theft was pretty straightforward. Steal the private keys to the hot wallet, transfer out funds, swap for another token, and start the cleaning process in an Ethereum mixer. Read a bit more about it below.
Decrypt – BitMart to Compensate Victims of $196M Hack With Own Funds
Once again, Italian police have shut down gambling operations set up by organised crime/mafia with links to Malta. Two Maltese companies that ran unlicensed have had a monthly turnover of approximately $14 million. This amount is a bit lower than the amount identified in the ongoing Galssia Investigation, where authorities seized $1 billion in assets. Seeing more of these police actions show that using gambling companies as a criminal vehicle is an attractive option for organised crime groups.
Legal Gambling and The Law – The Carabinieri Arrests 12 iGaming Criminals With Roots In Malta
To continue on a topic that affects betting and gambling, UNODC has released an extensive report on the subject “UNODC Global Report on Corruption in Sport” in this week longer read. Sports manipulation and corruption affect many different actors, all from the induvial sports practitioners, gambling companies’ public organisations and many more in the sports ecosystem. To tackle this problem requires a multidimensional approach with many corporations between all affected parties. So grab the report and cosy down for this week’s long read.
United Nations Office on Drug and Crime – UNODC Global Report on Corruption in Sport