China News by Thebittimes.Com

A UK teenager has been charged with terror offenses and banned from PlayStation online after allegedly offering to help Al Qaeda and other terrorist groups with crypto fundraising. According to the London Evening Standard, the 16-year-old boy from London is accused of offering his services to Al Qaeda and the Pakistani Taliban as an expert in crypto and cybersecurity.  A sum of $1,300 in cryptocurrency was allegedly raised by the boy for the terror groups. At Westminster Magistrates Court today the boy pleaded not guilty to five charges , including possessing documents that can be used to prepare acts of terrorism, terrorist training, and terrorist fundraising. Binance says it’s tough to catch terrorists because they use fake names Read more: British man says Welsh city could ‘look like Vegas’ if it dug up lost bitcoin Prosecutors say the boy is accused of being “ideologically supportive of Islamic terrorist groups,” and presenting himself as a crypto/cy...

Leading global crypto exchange Binance recently experienced a notable departure with Jennifer Hicks resigning from her position as the firm’s first anti- terrorism financial advisor . Hicks, who previously worked as a cybercrime investigator at Chainalysis and has a background in the U.S. Navy, joined Binance as Senior Manager of Intelligence and Investigations in late 2021, according to her LinkedIn profile.  The appointment of Hicks to the position was seen as a key step in Binance’s efforts to combat financial terrorism. However, merely two months after her promotion, she has left the company. Hicks’ departure is part of a broader trend of high-level exits at Binance, including the product manager, chief business officer, general counsel, and head of the Asia-Pacific region. Another significant exit is that of Stéphanie Cabossioras, the Managing Director of Binance’s French unit. These departures come at a challenging time for Binance, which is facing ...