News and Analysis

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Clive Palmer charged with fraud and corporate misconduct offences – 17 July 2020

ASIC has charged businessman and former federal MP Clive Palmer with fraud, relating to two payments worth more than $12m. The fraud and corporate misconduct offences carry lengthy prison sentences and were over the alleged diversion of at least $10m to the benefit of his Palmer United party, in the weeks before the 2013 election.

https://www.theguardian.com/australia-news/2020/jul/17/clive-palmer-charged-with-and-corporate-misconduct-offences

Twitter hackers shifting money in bitcoin wallets leave digital trail – 17 July 2020

A Twitter breach allowed hackers to tweet a Bitcoin spam message from high profile accounts such as Elon Musk, Jeff Bezos and Bill Gates to all their followers. They posted a double-your-money bitcoin scam, alongside a bitcoin wallet code for people to drop their digital currency into. The wallet received more $172,000 within a matter of hours. Soon after, the funds started moving around wallets.The company has also revealed personal information of some of the world’s wealthiest people was leaked during the attack.

https://www.brisbanetimes.com.au/technology/twitter-hackers-shifting-money-in-bitcoin-wallets-leave-digital-trail-20200717-p55cw1.html?ref=rss&utm_medium=rss&utm_source=rss_feed

https://www.smartcompany.com.au/marketing/social-media/twitter-bitcoin-hack-personal-information-musk-gates-obama/