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Federal prosecutors have secured a $384,999,040 civil settlement over allegations that powder infant formula and nutritional therapy products failed required manufacturing standards. Abbott Laboratories, an Illinois-based health care company, will pay that sum to resolve False Claims Act claims tied to its Sturgis, Michigan, and Casa Grande, Arizona, plants from January 1, 2018, through December 31, 2022, says the U.S. Attorney’s Office for the Western District of Michigan. The company will send $348,700,868 to the federal government and $36,298,172 to certain states that operate Medicaid and WIC programs. USDA money through WIC covers more than half of infant formula purchases…

Hackers are quietly force-installing malicious Chrome and Edge extensions that steal passwords, cookies and session data without victims approving them, according to a new report. Elastic Security Labs says the KREMLIN bank malware toolkit has powered at least seven campaigns since May of 2025 that impersonate 12 Brazilian banks. The infection starts when a user opens a JavaScript file disguised as a bank receipt, invoice or business document. After sandbox checks, the malware copies an extension into the browser’s profile folders, edits the Secure Preferences file and regenerates integrity hashes so Chrome and Edge load it as if the user approved it.…

Top financial advisor Ric Edelman has compared buying bitcoin today to Amazon back in 1999.  Edelman, founder of Edelman Financial Engines, told Bitcoin Magazine TV on Thursday that he also expects the price of the leading cryptocurrency to hit $500,000 by 2030.   The leading cryptocurrency was recently priced at nearly $76,522 after jumping 1% over the past day. The coin had its best run in years in August after months of trading below $65,000 — significantly below its October record of $126,080.  “Back in 1999, people were arguing over whether to invest in Amazon,” Edelman said. “Nobody has that argument…

A Florida bank teller has been accused of draining $18,657 from customer accounts and his cash drawer. Jonathan Escobar, 36, faces charges of third-degree grand theft and organized fraud of $20,000 or less after an audit at the branch on Miami Lakes Drive, reports CBS News Miami. First Horizon Bank staff found about $7,657 missing from Escobar’s cash drawer during a review. A further audit showed he cashed 11 Western Union money orders with a $10 face value for $1,000 each against unsuspecting customers’ accounts. When Escobar returned to the branch, investigators say they found six more $10 money orders…

In brief The FCA, HMRC and the Metropolitan Police visited three London premises on September 10. Cease and desist letters were issued at all three, ordering suspected illegal businesses to stop. The FCA says no peer-to-peer crypto business is registered with it anywhere in Britain. The UK’s Financial Conduct Authority has run a second round of operations against peer-to-peer crypto traders in London, issuing cease and desist letters at three premises alongside HM Revenue & Customs and the Metropolitan Police.The action took place on September 10 under the 2017 money laundering regulations, and follows a first sweep in April whose…

Federal prosecutors have charged, obtained guilty pleas from, and sentenced six people over about $8.2 million in alleged COVID-era loan losses. The Michigan cases form part of a two-month national surge that reached more than 160 defendants and roughly $245 million in intended taxpayer harm, says the U.S. Attorney’s Office for the Eastern District of Michigan. Peter Valente and Angela Toma allegedly used inactive companies to obtain more than $2.6 million; Toma pleaded guilty, and Valente faces wire fraud and money-laundering counts. Patrick McNulty and Joseph Gastorf were charged over 18 fraudulent PPP and EIDL loans exceeding $2.7 million. Tauheed…

In brief A group calling itself iamnotavillain has demanded 6,000 XMR, around $3 million, within 24 hours. It says it used blockchain analysis to find Revolut accounts with large crypto holdings. Revolut says it has received no direct contact or demand. A criminal group has put a 24-hour clock on Revolut, demanding $3 million in Monero or it will sell hundreds of customers’ identity documents and transaction records to other criminals, the Financial Times reported.The demand, posted Wednesday on a website the group set up for the purpose, asks for “6,000 XMR / $3,000,000” and warns that otherwise “all the…

A cryptocurrency exchange is closing its doors after nearly a decade in business. CoinEx, which has its operating headquarters in the Seychelles, says it is entering an orderly wind-down with all user assets fully backed. Withdrawals opened September 15, 2026, and remain available until 02:00 UTC on December 22, 2026. The platform launched December 22, 2017, and will formally cease operations exactly nine years later. Founder and CEO Haipo Yang is stressing user protection in a public statement. “Dear CoinEx Community, Today, I am announcing that CoinEx will cease operations and begin an orderly wind-down.” He adds that reserves exceed…

In brief HBO Max’s hijacked Reddit account ran 108 malicious ads over roughly 48 hours. Malwarebytes linked the ads to PasteSwitch, an operation targeting Windows and Mac users with information-stealing malware. Reddit paused the ads and opened an investigation; victim counts and cryptocurrency losses remain unconfirmed. Hackers hijacked streaming service HBO Max’s verified Reddit account earlier this month and used it to run 108 malicious advertisements over two days, cybersecurity experts warn.In its report on Monday, researchers from cybercrime intelligence firm Hudson Rock link the account takeover to a broader operation targeting passwords and cryptocurrency wallet information.Myriad: Who will be…

In brief CFTC Chair Michael Selig said the agency is “ready to ship” its crypto rules. SEC Chair Paul Atkins pledged action “with or without legislation.” The comments come after the Clarity Act fell short of the 60 votes needed to clear a Senate procedural hurdle. The heads of the Commodity Futures Trading Commission and Securities and Exchange Commission pledged to press ahead with crypto regulation using their existing powers after the Senate failed to advance the Clarity Act.In a post on X on Wednesday, CFTC Chair Mike Selig said his Commission is “locked in and ready to ship its…