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Hushpuppi laundered funds for North Korean hackers — US

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By Oyindamola Ruth

New details have emerged about the case against Instagram influencer Ramon Abbas aka Hushpuppi, Forbes is reporting.

In July 2020, Abbas was charged by the US Attorney’s Office in Los Angeles, with conspiring to launder hundreds of millions of dollars from “business email compromise” (BEC) frauds and other scams.

According to a statement released by the Justice Department, on Wednesday, Abbas took part in a “North Korean-perpetrated cyber-enabled heist from a Maltese bank in February 2019.” In a July statement, the Justice Department referred to the attack as “a $14.7 million cyber-heist from a foreign financial institution.” Both the date and amount match that of the attack on Malta’s Bank of Valletta in February 2019.

Abbas’ name emerged among details of a larger international criminal conspiracy involving so-called North Korean military hackers involved in “a series of destructive cyberattacks, to steal and extort more than $1.3 billion of money and cryptocurrency from financial institutions and companies,” according to the Justice Department statement on the new indictment.

His name was linked to the North Korean conspiracy, when federal prosecutors unsealed a charge against Ghaleb Alaumary, 37, of Ontario, Canada. Alaumary plead guilty to charges related to his role as a money launderer for the North Korean group.

The Justice Department connected Abbas to the North Korean hackers through Alaumary, who they allege “conspired” with “Ray Hushpuppi,” to “launder funds from a North Korean-perpetrated cyber-enabled heist from a Maltese bank in February 2019.”

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TapSwap sets July 1st as new launch date

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Tapswap

The popular crypto-currency platform, TapSwap has officially postponed her launch date from May 30th to July 1st, citing some reason for numerous bots.

This was made known to the public via the official social media platform of the crypto-currency platform on X.com (formerly Twitter) on Wednesday.

It was gathered that TapSwap decided to shift the launch date to July after they discovered some illegal bots are compromises the integrity of the token distribution process, hence enabling users to earn an unfair amount of Shares.

In order to rectify this issue, according to a statement released by TapSwap, they need sometime to identify, stop, and ban these bots, noting that this move will reward those who have earned them honestly.

See the screenshot of their statement below:

This is a developing story on TapSwap, check back for latest update…

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BREAKING: Tinubu signs old National Anthem bill into law

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Nigerian president, Bola Ahmed Tinubu has officially signed the old national anthem bill, making it a law.

THE DAILY PAGE recalls that the Nigeria senate on Tuesday passed a bill seeking to revert from the current national anthem to the old national anthem, “Nigeria, we hail thee”.

This was made known to the public by the Senate President, Godswill Akpabio on Wednesday during a joint session of the National Assembly.

This is a developing story, check back for update…

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NLC rejects N60,000 new minimum wage proposed by FG

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new minimum wage rejected by NLC

The Federal Government of Nigeria has proposed N60000 new minimum wage has been rejected by the Nigeria Labour Congress, which claims it is offensive to the sensitivities of Nigerian workers.

According to a report by the Cable Newspaper, the Nigeria Labour Congress and Trade Union Congress rejected an earlier proposal by the federal government for a minimum salary of N48,000. This rejection occurred in as little as two weeks.

THE DAILY PAGE recalls that the National Labor Council (NLC) and Trade Union Congress (TUC) had suggested a minimum salary of N615,500 for Nigerian workers, noting the country’s high cost of living. They also gave the federal government until May 31 to complete the process of setting a new national minimum wage.

This is a developing story, check back for an update…

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