Contact

Category: Failures

  • IDF chief Halevi resigns over October 7 failures

    •

    Investor Empires

    The IDF Chief of Staff, Lieutenant-General Herzl Halevy, admitted responsibility for the failure and will step down from his position on March 6. IDF Chief of Staff Lt. Gen. Herzl Halevy today informed Defense Minister Yisrael Katz that he will step down effective March 6. He told Katz: “In recognition…

  • HMRC concedes £19bn in unpaid taxes unlikely to be recovered amidst soaring call centre failures

    •

    Investor Empires

    HMRC has admitted it is unlikely to recover more than £19 billion in unpaid tax, as the department faces a huge rise in uncollected tax debts and a huge increase in customer service failures. According to the latest annual report from HMRC, the total amount of unpaid tax has risen…

  • Are users paying for the exchange’s failures?

    •

    Investor Empires

    Is WazirX prioritizing its survival over user security through its “social loss strategy,” and how does this impact the Indian crypto community? On July 18, WazirX, India’s largest cryptocurrency exchange, suffered a major cyberattack. Hackers targeted one of its multi-signature wallets and stole over $230 million worth of digital assets.…

  • Paxful Co-Founder Pleads Guilty to AML Program Failures

    •

    Investor Empires

    Arthur Schapak, Paxful co-founder and former CTO, pleaded guilty to conspiracy to willfully fail to establish, develop, implement, and maintain a compliant anti-money laundering program as required by the Bank Secrecy Act. In a statement, the US Department of Justice’s Office of Public Affairs revealed that Shabak failed to collect…