Rumours abound regarding ransom demands, and the US Department of the Treasury has convened to discuss the implications of the attack. 

The “robust” plans propose stricter limits on crypto lending, as well as the introduction of a new crypto market abuse regime and tighter rules on the role of financial intermediaries and custodians.  

The trading technology provider was compromised yesterday by a cyber attack that impacted its overnight processing, with some clients quarantining all communications from the firm. 

The regulator has started criminal proceedings against five people for conspiracy to commit insider dealing and money laundering between 2019 and 2021.  

Financial regulators around the world stepped up their sanctions last year, according to the latest data from SteelEye’s inaugural Fine Tracker, as enforcement actions gain both pace and profile.  

The regulator’s longstanding head of enforcement is set to depart, with her deputy stepping in until a permanent replacement is selected. 

The US market opened in chaos yesterday, as what NYSE is calling a “system issue” caused widespread confusion and a series of halted trades. 

Incoming trading head has been with the firm for over two decades.

A report from the US’ National Bureau of Economic Research finds that fabricated wash trading on unregulated crypto exchanges accounts for the lion’s share of reported volumes.