North Korea Suspected of Plundering Crypto to Fund Weapons Programs

A $100 million heist from crypto project Harmony matches tactics from a string of hacks linked to Pyongyang, blockchain experts say. 


 
Most Countries Lack Crypto Information-Sharing Laws, Watchdog Says

Only about 30% of jurisdictions surveyed said they had passed travel-rule legislation to help prevent illicit use of crypto 


 
Arbitrator Awards $52 Million to Former D.E. Shaw Partner

Hedge fund had said Daniel Michalow was fired for sexual harassment in 2018. 


 
Japan GPIF Says It Has Been Selling Russian Assets Since March

Japan's Government Pension Investment Fund said its asset managers have been selling its holdings of Russian assets since March following Moscow's invasion in Ukraine. 


 
Leon Black's Conspiracy Complaint Against Apollo Co-Founder Is Dismissed

The private-equity firm's former chief executive had accused Josh Harris of encouraging a woman to come forward with claims of rape and harassment. 


 
Julius Baer Settles Lithuanian-Linked Litigation Case

Julius Baer has agreed to pay EUR105 million to settle a claim concerning a Lithuanian corporation that amounted to EUR335 million, plus 5% interest a year since December 2011. 


 
SEC Rebuffs Grayscale on Turning Bitcoin Fund Into ETF

The rejection of Grayscale Investments' petition marks a fresh setback to the cryptocurrency industry. 


 
Singapore Central Bank Reprimands Crypto Hedge Fund Three Arrows

Singapore's top financial regulator reprimanded cryptocurrency hedge fund Three Arrows Capital, saying it supplied false information to officials and managed more assets than allowed. 


 
Geithner Says Fed Pivot Spotlights Need for Treasury Overhaul

A panel chaired by the former Treasury Secretary Timothy Geithner has released an update on the status of recommendations for the $23 trillion U.S. government debt market. 


 
Mortgage Market Tumult Pushes Pimco-Backed Home Lender Into Chapter 11

Residential housing lender First Guaranty Mortgage has filed for bankruptcy days after slashing staffing.


(END) Dow Jones Newswires

07-01-22 0715ET