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Criminal networks in Southeast Asia flourish in Telegram's 'underground markets': UN

Economic TimesEconomic Times · 10m ago
Criminal networks in Southeast Asia flourish in Telegram's 'underground markets': UN
Medial

1. Criminal networks in Southeast Asia are extensively using the messaging app Telegram for large-scale illicit activities, according to a report by the UNODC. 2. The app has sprawling channels with little moderation, allowing open trading of hacked data, including credit card details and passwords. 3. Tools for cybercrime, such as deepfake software and data-stealing malware, are widely sold on Telegram, along with unlicensed cryptocurrency exchanges offering money laundering services. 4. The report states evidence of underground data markets moving to Telegram and vendors actively targeting transnational organized crime groups in Southeast Asia. 5. Southeast Asia has become a major hub for a multibillion-dollar industry that targets victims worldwide with fraudulent schemes, generating billions of dollars annually. 6. Pavel Durov, the founder of Telegram, has been charged with allowing criminal activity on the platform, raising questions about app providers' criminal liability and freedom of speech.

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Co-working firm Innov8 goes into arbitration with Rahul Yadav's 4B Networks for unpaid dues

Money ControlMoney Control · 2y ago
Co-working firm Innov8 goes into arbitration with Rahul Yadav's 4B Networks for unpaid dues
Medial

Rahul Yadav, the founder of 4B Networks, is facing mounting legal troubles, including arbitration and criminal cases. In addition to his arbitration dispute with Info Edge, it's revealed that 4B Networks and Yadav are also in arbitration with Innov8 over unpaid rent of Rs 1.08 crore for an office space. Innov8 has filed a criminal case under the Arbitration and Conciliation Act after failed attempts to resolve the issue. Another arbitration case involving 4B Networks is also facing difficulties, with Yadav requesting more time for understanding the arbitration case with Info Edge. A criminal case has also been filed against Yadav by an ad agency for Rs 10 crore in unpaid dues.

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