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REUTERS/Kacper Pempel/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 15 (Reuters) - Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. Blockchain research firm Elliptic said that "a number of factors" indicate that the Lazarus Group - a hacker group associated with North Korea - was responsible for the attack. Another blockchain research firm, Chainalysis, told Reuters on Thursday it had "medium-high confidence" that North Korea was behind the attack. North Korea stepped up its cryptocurrency theft last year, using sophisticated techniques to steal more in 2022 than any other year, according to a United Nations report. Sanctions monitors have previously accused North Korea of using cyberattacks to help fund its nuclear and missile programs.

Persons: Kacper, CoinEx, Chainalysis, Elizabeth Howcroft, Raphael Satter, Louise Heavens Organizations: REUTERS, Lazarus, Reuters, Lazarus Group, United Nations, United, Thomson Locations: North Korea, Hong Kong, New York, United Nations, Korea

☆ CoinEx to Leave U.S. After Settling New York Lawsuit
▼ + stars: | 2023-06-16 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

NEW YORK, June 15 (Reuters) - CoinEx agreed to pay $1.8 million and be banned from operating in New York to settle state Attorney General Letitia James' lawsuit accusing the cryptocurrency exchange of operating illegally because it failed to register with the state. A proposed settlement was filed on Wednesday in a New York state court in Manhattan, and requires a judge's approval. It calls for CoinEx to be banned from offering, selling or buying securities and commodities in New York, or making its platform available in the state. This month the SEC sued Binance, the largest crypto platform, and Coinbase (COIN.O), the largest U.S. crypto platform, saying they operated as exchanges without registering with the agency. Reporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: CoinEx, Letitia James, James, Martin, Gary Gensler, Binance, Jonathan Stempel, Jonathan Oatis Organizations: YORK, CoinEx, Vino Global, . Securities, Exchange Commission, SEC, Thomson Locations: New York, Manhattan, Hong Kong

In papers filed with a state court in Manhattan, James is seeking a permanent injunction to stop KuCoin from operating in New York until it complies with the law. KuCoin trails Binance, Coinbase and Kraken in trading volume among cryptocurrency spot exchanges, according to the data company CoinMarketCap. Last month, James sued the CoinEx cryptocurrency platform for failing to register with the state. In January, 10 states including New York secured up to $24 million from the cryptocurrency company Nexo Inc, which they also accused of operating illegally. Reporting by Jonathan Stempel in New York; Editing by Diane Craft and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

☆ Crypto Company CoinEx Sued by New York Over Failure to Register
▼ + stars: | 2023-02-23 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

The New York attorney general’s office has sued cryptocurrency platform CoinEx, alleging it failed to register as a securities and commodities broker-dealer and misrepresented itself as a crypto exchange. But New York prosecutors said CoinEx isn’t registered with the U.S. Securities and Exchange Commission or designated by the Commodity Futures Trading Commission as an exchange, as required by New York state law. The office of New York Attorney General Letitia James said its prosecutors also were able to buy and sell crypto on CoinEx in New York, despite the fact the company isn’t registered in the state. New York law requires securities and commodities brokers to register with the state to do business there. The suit, announced Wednesday, is the latest action by the New York attorney general in policing the crypto sector and using the state’s laws to protect investors.

[1/2] Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationNEW YORK, Feb 22 (Reuters) - CoinEx was sued on Wednesday by New York Attorney General Letitia James, who accused the cryptocurrency exchange of transacting business without registering with the state. In a complaint filed with a New York state court in Manhattan, James said CoinEx's activities violated the Martin Act, a powerful state law used to fight financial fraud. Reporting by Jonathan Stempel in New York; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

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