Transfer Of Funds
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FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
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ToxicPanda Banking Trojan Infects Over 1,500 Android Smartphones, Targets 16 Banks: Report
ToxicPanda has been detected by security researchers as a new banking trojan, infected devices in Europe and Latin America. It is used to remotely take over accounts on compromised phones, allowing attackers to transfer funds while bypassing a bank's security measures. ToxicPanda was reportedly found on over 1,500 devices, while targeting users of ...
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Sunil Bharti Mittal Heard Own AI Voice. It Asked For Large Fund Transfer
Artificial Intelligence (AI) will shape the future of the global economy and geopolitics, said Bharti Enterprises chairman, Sunil Mittal, at the NDTV World Summit, adding that AI has its risks, particularly the potential for misuse.
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WazirX Wallet Hack: Liminal Denies Responsibility Amid Recent Allegations
Liminal has refuted recent allegations by WazirX that claim that the point of breach in this wallet hack was not from its end, but because of Liminal’s screening system failure. The wallet infrastructure firm has reiterated that its platform continues to operate seamlessly and has been processing transfers and withdrawals for all of its customers...
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Flipkart Launches UPI Service in Partnership With Axis Bank to Counter Third-Party Apps
Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.
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"Don't Want Alms": Mamata Banerjee Says Bengal Will Pay MGNREGA Workers' Dues
West Bengal Chief Minister Mamata Banerjee on Saturday announced that her government would transfer funds to the bank accounts of 21 lakh unpaid MGNREGA workers in the state by February 21.
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Funding Row: 12 Delhi Government-Financed Colleges To Remain Affiliated, Says DU Vice-Chancellor
The Delhi government said it will not release funding for the academic year 2024-25 to the 12 colleges unless they are completely transferred under the state.
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UPI Now Allows Receiving Funds From Singapore Instantly, Using Popular Apps
In a major development, Indians can now receive money from Singapore instantly and securely using major UPI apps as well as those of popular banks.
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Putin Seizes Rights To St. Petersburg Airport From Foreign Investors
President Vladimir Putin ordered the transfer of rights to managing Russia's second-busiest airport from foreign shareholders that include Germany's Fraport AG and the Qatari wealth fund by shifting their stakes into a new domestic entity.
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AI-Powered Deepfake Scam Sparks Concern Over Rise of Artificial Intelligence-Driven Fraud in China
A fraud in northern China that used sophisticated "deepfake" technology to convince a man to transfer money to a supposed friend has sparked concern about the potential of artificial intelligence (AI) techniques to aid financial crimes.
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RBI to Develop Centralised Online Portal to Access Details of Unclaimed Deposits Across Banks
The Reserve Bank on Thursday said a centralised portal will be developed to access details of unclaimed deposits by depositors or their beneficiaries across various banks.
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Silvergate Bank Announces Plans to Shut Down Amid Market Turmoil Following FTX Collapse
Silvergate Bank, a titan in the cryptocurrency banking business on Wednesday announced that it would shut down amid market turmoil and increasing pressure from regulators following the collapse of crypto firm FTX. Last week, Silvergate shut down its payments network, which allowed customers to transfer funds around the clock.
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SBI Partners With PayNow for Cross-Border Payments Through Bhim App
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...
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Pakistan To Get $700 Million Loan From China: Finance Minister
Pakistan's all-weather ally China has approved a loan of USD 700 million and the funds will be transferred to the central bank this week, Finance Minister Ishaq Dar announced today as the cash-strapped country tried to avert a financial crisis.
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UPI-PayNow Integration for Cross-Border Payments: 5 Points on What the System Aims to Achieve
The Reserve Bank of India on Wednesday announced the launch of the UPI-PayNow integration to allow for faster, cheaper cross-border money transfers between Singapore and India. Here are five quick points on the newly announced integration.
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FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
-
ToxicPanda Banking Trojan Infects Over 1,500 Android Smartphones, Targets 16 Banks: Report
ToxicPanda has been detected by security researchers as a new banking trojan, infected devices in Europe and Latin America. It is used to remotely take over accounts on compromised phones, allowing attackers to transfer funds while bypassing a bank's security measures. ToxicPanda was reportedly found on over 1,500 devices, while targeting users of ...
-
Sunil Bharti Mittal Heard Own AI Voice. It Asked For Large Fund Transfer
Artificial Intelligence (AI) will shape the future of the global economy and geopolitics, said Bharti Enterprises chairman, Sunil Mittal, at the NDTV World Summit, adding that AI has its risks, particularly the potential for misuse.
-
WazirX Wallet Hack: Liminal Denies Responsibility Amid Recent Allegations
Liminal has refuted recent allegations by WazirX that claim that the point of breach in this wallet hack was not from its end, but because of Liminal’s screening system failure. The wallet infrastructure firm has reiterated that its platform continues to operate seamlessly and has been processing transfers and withdrawals for all of its customers...
-
Flipkart Launches UPI Service in Partnership With Axis Bank to Counter Third-Party Apps
Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.
-
"Don't Want Alms": Mamata Banerjee Says Bengal Will Pay MGNREGA Workers' Dues
West Bengal Chief Minister Mamata Banerjee on Saturday announced that her government would transfer funds to the bank accounts of 21 lakh unpaid MGNREGA workers in the state by February 21.
-
Funding Row: 12 Delhi Government-Financed Colleges To Remain Affiliated, Says DU Vice-Chancellor
The Delhi government said it will not release funding for the academic year 2024-25 to the 12 colleges unless they are completely transferred under the state.
-
UPI Now Allows Receiving Funds From Singapore Instantly, Using Popular Apps
In a major development, Indians can now receive money from Singapore instantly and securely using major UPI apps as well as those of popular banks.
-
Putin Seizes Rights To St. Petersburg Airport From Foreign Investors
President Vladimir Putin ordered the transfer of rights to managing Russia's second-busiest airport from foreign shareholders that include Germany's Fraport AG and the Qatari wealth fund by shifting their stakes into a new domestic entity.
-
AI-Powered Deepfake Scam Sparks Concern Over Rise of Artificial Intelligence-Driven Fraud in China
A fraud in northern China that used sophisticated "deepfake" technology to convince a man to transfer money to a supposed friend has sparked concern about the potential of artificial intelligence (AI) techniques to aid financial crimes.
-
RBI to Develop Centralised Online Portal to Access Details of Unclaimed Deposits Across Banks
The Reserve Bank on Thursday said a centralised portal will be developed to access details of unclaimed deposits by depositors or their beneficiaries across various banks.
-
Silvergate Bank Announces Plans to Shut Down Amid Market Turmoil Following FTX Collapse
Silvergate Bank, a titan in the cryptocurrency banking business on Wednesday announced that it would shut down amid market turmoil and increasing pressure from regulators following the collapse of crypto firm FTX. Last week, Silvergate shut down its payments network, which allowed customers to transfer funds around the clock.
-
SBI Partners With PayNow for Cross-Border Payments Through Bhim App
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...
-
Pakistan To Get $700 Million Loan From China: Finance Minister
Pakistan's all-weather ally China has approved a loan of USD 700 million and the funds will be transferred to the central bank this week, Finance Minister Ishaq Dar announced today as the cash-strapped country tried to avert a financial crisis.
-
UPI-PayNow Integration for Cross-Border Payments: 5 Points on What the System Aims to Achieve
The Reserve Bank of India on Wednesday announced the launch of the UPI-PayNow integration to allow for faster, cheaper cross-border money transfers between Singapore and India. Here are five quick points on the newly announced integration.
