Ex-Amazon engineer sentenced to 3 years in prison for $12m crypto hack

A former Amazon software engineer Shakeeb Ahmed was sentenced to three years in prison for exploiting smart contracts. The breaches in 2022 resulted in the theft of over $12 million in different cryptocurrencies. The trial was the first-ever sentencing for a cyberattack on smart contracts. Ahmed admitted in December 2023 to manipulating smart contracts. By inserting fraudulent pricing data into the...

Sam Bankman-Fried requests to remain in Brooklyn prison until appeal

FTX Founder Sam Bankman-Fried requested permission to stay in a temporary detention facility in New York City. According to a document submitted to the U.S. District Court, Bankman-Fried’s legal representatives are seeking consent to allow him to stay at the Metropolitan Detention Center in Brooklyn. Since August 2023, Bankman-Fried has been held at this facility. His lawyers argue that...

High Court orders Isa Samad, Mohd Emir to pay FGV RM3.31mil over condo purchase

KUALA LUMPUR: The High Court here ordered FGV Holdings Bhd's former chairman Tan Sri Mohd Isa Abdul Samad and former chief executive officer Datuk Mohd Emir Mavani Abdullah to pay more than RM3.31mil to the company. Judge Datuk Mohd Arief Emran Arifin made the order after allowing a suit filed by FGV against Mohd Isa and...

Teacher pleads not guilty to trafficking woman for sexual exploitation

KUALA TERENGGANU: A teacher and a self-employed man were charged in the Sessions Court here Thursday (March 21) with trafficking a local woman for sexual exploitation. Teacher Mohd Hasfyanizam Mansor, 48, pleaded not guilty to the charge which was read out before Judge Nazlyza Mohamad Nazri. The other accused, Mohamad Fazley Jaafar, 29, however, pleaded guilty after...

1MDB trial: Four countries didn’t cooperate with request to record conversations, says witness

KUALA LUMPUR: A Malaysian Anti-Corruption Commission (MACC) senior superintendent told the High Court that four countries did not cooperate when she applied to record conversations of bank witnesses in connection with the investigation into corruption and money laundering involving RM2.3bil of funds belonging to 1Malaysia Development Berhad (1MDB), which is linked to Datuk Seri Najib...

Two lawyers convicted of attempting to obstruct course of justice over contraband cigarette message

SINGAPORE: Two lawyers have been found guilty of attempting to obstruct the course of justice after a trial. Lawyer Wee Hong Shern had sent another lawyer, Ong Peng Boon, who was then his direct supervisor, a text message relating to contraband cigarettes in May 2019. After that, Ong forwarded it to a third man, identified as Tan...

Jasmine Loo formerly worked for Jho Low, monthly salary RM45,000, court told

KUALA LUMPUR: Former 1Malaysia Development Berhad (1MDB) general counsel Jasmine Loo Ai Swan told the High Court here on Tuesday (Feb 13) that she once worked at UBG Berhad, a company owned by fugitive businessman Low Taek Jho or Jho Low, with a monthly salary of about RM45,000, including vehicle allowance, fuel allowance, and travel...

Hong Kong court orders liquidation of China’s Evergrande, once the country’s property giant

HONG KONG: A Hong Kong court on Monday ordered the liquidation of China's property giant Evergrande, but the firm said it would continue to operate in a case that has become a symbol of the nation's deepening economic woes. Once China's biggest real estate firm, its astronomical debt of more than S$300 billion had become emblematic...

Petrol kiosk owner claims trial to allowing Singapore-registered bus to pump 500 litres of diesel

JOHOR BARU: A petrol station owner pleaded not guilty at the Sessions Court here to two charges of allowing a foreign-registered vehicle to fill up 500 litres of diesel last year. Soraya Md Tamyes, 38, claimed trial after the charges were read out in front of Judge Datuk Che Wan Zaidi Che Wan Ibrahim on Monday...