Tag: doj
The SEC and the DOJ just charged this startup founder with fraud, saying he lied to Tiger and others
Today, both the U.S. Department of Justice and the Securities and Exchange Commission charged Manish Lachwani, cofounder of a mobile app testing company Headspin, with fraud. The SEC says he violated antifraud provisions and the civil penalties it’s seeking include a permanent injunction, a conduct-based injunction, and an officer and…
Read More
US blames China for Exchange server hacks and ransomware attacks
The Biden administration and its allies has formally accused China of the mass-hacking of Microsoft Exchange servers earlier this year, which prompted the FBI to intervene as concerns rose that the hacks could lead to widespread destruction. The mass-hacking campaign targeted Microsoft Exchange email servers with four previously undiscovered vulnerabilities…
Read More
US arrests far-right Twitter troll for 2016 election interference
In a case that could set a precedent for how the US handles election-related misinformation moving forward, the Justice Department announced the arrest of infamous far-right troll Douglass Mackey on Wednesday. Better known by his online handle of Ric… Source
Read More
This Week in Apps: TikTok viral hit breaks Spotify records, inauguration boosts news app installs, judge rules against Parler
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes…
Read More
Stay gold, ‘Plaid for X’ startups
A failed acquisition usually triggers the same series of questions: What does this mean for early-stage startups in the sector? Will a chilling effect occur and hurt valuations? Will VCs stop funding this category? How will the exit environment look going forward? This week gave that narrative a bullish twist.…
Read More
US authorities seize $1 billion worth of Silk Road Bitcoins
Even after Silk Road founder Ross Ulbricht was arrested and sentenced to life in prison, authorities were unable to find a huge chunk of the commissions — in Bitcoin, of course — the dark web marketplace generated. Earlier this week, authorities have… Source
Read More