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Treasury Submissions Want Broader Coverage; Gaps Could Weaken ProtectionsAustralia's proposed Scams Prevention Framework leaves key scam-enabling entities outside its initial scope, raising questions about whether the model can deliver the consumer protection it promises.
Also: US Govt Seeks Return of Hack Funds to Bitfinex; Mango Markets ShutsThis week, BitMEX fined $100M, prosecutors sought return of Bitfinex funds, Mango Markets shut, a Web3 attack method; pastor charged in crypto scam, CFPB proposed firms refund hack victims, 2024 crime stats, Wolf Capital co-founder's guilty plea, Thai Bitcoin miners seized and a New York AG lawsuit.
FTC Says It Should Be Able to Sue Providers Who Know Their Tech Is Used for FraudThe U.S. Federal Trade Commission said it's too easy for fraudsters to launch "child in trouble" and romance scams, so it has proposed rule-making that would give the agency new authority to sue in federal court any technology providers that facilitate impersonation fraud.