Justice Department Says It Seized $ 3.6 Billion Worth of Bitcoin Stolen in 2016 Hack

WASHINGTON — The Justice Department said Tuesday it seized over $ 3.6 billion worth of digital currency stolen during a hack of a cryptocurrency exchange and arrested two suspects for allegedly trying to launder the proceeds. The value of the cryptocurrency at the time it was seized last week marks the largest financial seizure ever … Read more

Biden Sanctions Plan Targets Russian Banks, Companies and Imports If Ukraine Is Attacked

WASHINGTON — The Biden administration is narrowing its targets for a barrage of economic sanctions against Russia if it attacks Ukraine — hitting major Russian banks, state companies and needed imports, though the strategy faces obstacles that have hindered previous pressure campaigns. Administration officials said the planned actions are being finalized and are unparalleled in … Read more

NYC’s Tech Chief Aims to Amplify Mayor’s Vision

New York City has launched efforts to root out waste in dozens of governmentwide information technology systems, largely by putting them all under one roof, the city’s new chief technology officer says. Matt Fraser, who became New York’s CTO last week, says streamlining these systems will make city government more efficient and “responsive to the … Read more