World
Binance crypto exchange founder to step down amid US illicit finance probe
US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.
Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has stepped down as CEO and pleaded guilty to violating anti-money laundering laws.
The deal with the United States Department of Justice (DoJ) is part of a larger settlement that involves several federal agencies and will include fees of more than $4bn, the DoJ said on Tuesday.
The announcement is the latest blow to the cryptocurrency industry, which has been marred by a series of scandals and investigations that have unearthed fraudulent behaviour by central players and firms.
Cryptocurrency has also comes under scrutiny as a tool used by illicit groups to circumvent global financial safeguards.
Zhao, a Canadian national, pleaded guilty to one count of failure to maintain an effective anti-money laundering programme.
“Binance became the world’s largest cryptocurrency exchange in part because of the crimes it committed. Now it is paying one of the largest corporate penalties in US history,” Attorney General Merrick Garland said.
This month, Sam Bankman-Fried, the 31-year-old founder of FTX, the world’s second-largest crypto exchange, was convicted of fraud for stealing more than $10bn from customers and investors.
“In just the past month, the Justice Department has successfully prosecuted the CEOs of two of the world’s largest cryptocurrency exchanges in two separate criminal cases. The message here should be clear: Using new technology to break the law does not make you a disruptor. It makes you a criminal,” Garland said.
Acting US Attorney Tessa Gorman for the western district of Washington said that because Zhao “knowingly operated a financial platform without basic anti-money laundering safeguards, the company caused illegal transactions between US users and users in sanctioned jurisdictions such as Iran, Cuba, Syria, and Russian-occupied regions of Ukraine – transactions for which Binance profited with significant fees”.
Prosecutors have said that as part of the settlement, Binance will pay fees of $1.81bn, a forfeiture of $2.5bn, and personal payments from Zhao of about $50m.
Zhao’s plea agreement also bars him from all involvement with Binance, a Cayman Islands limited liability company.
The founder has previously faced charges of diverting customer funds.
“Binance turned a blind eye to its legal obligations in the pursuit of profit. Its willful failures allowed money to flow to terrorists, cybercriminals and child abusers through its platform,” Treasury Secretary Janet Yellen said. “Any institution, wherever located, that wants to reap the benefits of the US financial system must also play by the rules that keep us all safe from terrorists, foreign adversaries and crime or face the consequences.”
World
The next round of bitter cold and snow will hit the southern US
ANNAPOLIS, Md. (AP) — The next round of bitter cold was set to envelop the southern U.S. on Tuesday, after the first significant winter storm of the year blasted a huge swath of the country with ice, snow and wind.
The immense storm system brought disruption even to areas of the country that usually escape winter’s wrath, downing trees in some Southern states, threatening a freeze in Florida and causing people in Dallas to dip deep into their wardrobes for hats and gloves.
By early Tuesday, wind chill temperatures could dip into the teens to low-20’s (as low as minus 10.5 C) from Texas across the Gulf Coast, according to the National Weather Service. A low-pressure system is then expected to form as soon as Wednesday near south Texas, bringing the potential of snow to parts of the state that include Dallas, as well as to Oklahoma, Arkansas and Louisiana.
The polar vortex that dipped south over the weekend kept much of the country east of the Rockies in its frigid grip Monday, making many roads treacherous, forcing school closures, and causing widespread power outages and flight cancellations.
Ice and snow blanketed major roads in Kansas, western Nebraska and parts of Indiana, where the National Guard was activated to help stranded motorists. The National Weather Service issued winter storm warnings for Kansas and Missouri, where blizzard conditions brought wind gusts of up to 45 mph (72 kph). The warnings extended to New Jersey into early Tuesday.
A Kentucky truck stop was jammed with big rigs forced off an icy and snow-covered Interstate 75 on Monday just outside Cincinnati. A long haul driver from Los Angeles carrying a load of rugs to Georgia, Michael Taylor said he saw numerous cars and trucks stuck in ditches and was dealing with icy windshield wipers before he pulled off the interstate.
“It was too dangerous. I didn’t want to kill myself or anyone else,” he said.
The polar vortex of ultra-cold air usually spins around the North Pole, but it sometimes plunges south into the U.S., Europe and Asia. Studies show that a fast-warming Arctic is partly to blame for the increasing frequency of the polar vortex extending its grip.
Temperatures plunge across the country
The eastern two-thirds of the U.S. dealt with bone-chilling cold and wind chills Monday, with temperatures in some areas far below normal.
A cold weather advisory will take effect early Tuesday across the Gulf Coast. In Texas’ capital of Austin and surrounding cities, wind chills could drop as low as 15 degrees (minus 9.4 C).
The Northeast was expected to get several cold days.
Transportation has been tricky
Hundreds of car accidents were reported in Virginia, Indiana, Kansas and Kentucky, where a state trooper was treated for non-life-threatening injuries after his patrol car was hit.
Virginia State Police responded to at least 430 crashes Sunday and Monday, including one that was fatal. Police said other weather-related fatal accidents occurred Sunday near Charleston, West Virginia, and Monday in Winston-Salem, North Carolina. Kansas saw two deadly crashes over the weekend.
More than 2,300 flights were canceled and at least 9,100 more were delayed nationwide as of Monday night, according to tracking platform FlightAware. Ronald Reagan Washington National Airport reported that about 58% of arrivals and 70% of departures had been canceled.
A record 8 inches (more than 20 centimeters) of snow fell Sunday at the Cincinnati/Northern Kentucky International Airport, leading to dozens of flight cancellations that lingered into Monday. About 4 inches (about 10 centimeters) fell Monday across the Cincinnati area, where car and truck crashes shut at least two major routes leading into downtown.
More snow and ice are expected
In Indiana, snow covered stretches of Interstate 64, Interstate 69 and U.S. Route 41, leading authorities to plead with people to stay home.
“It’s snowing so hard, the snow plows go through and then within a half hour the roadways are completely covered again,” State Police Sgt. Todd Ringle said.
The Mid-Atlantic region had been forecast to get another 6 to 12 inches (15 to 30 centimeters) of snow on Monday. Dangerously cold temperatures were expected to follow, with nighttime lows falling into the single digits (below minus 12.7 C) through the middle of the week across the Central Plains and into the Mississippi and Ohio valleys.
In North Texas, 2 to 5 inches (about 5 to 13 centimeters) of snow was expected beginning Thursday, according to the National Weather Service. Snow could also hit Oklahoma and Arkansas, with some parts potentially getting more than 4 inches (about 10 centimeters).
Classes canceled in several states
School closings were widespread, with districts in Indiana, Virginia, Kentucky, Missouri and Kansas canceling or delaying the start of classes Monday. Among them was Kentucky’s Jefferson County Public Schools, which canceled classes and other school activities for its nearly 100,000 students.
Classes were also canceled in Maryland, where Gov. Wes Moore declared a state of emergency Sunday and announced that state government offices would also be closed Monday. Government offices also were closed Monday in Kentucky, where Gov. Andy Beshear declared a state of emergency.
Tens of thousands are without power
Many were in the dark as temperatures plunged. More than 218,000 customers were without power Monday night across Kentucky, Indiana, Virginia, West Virginia, Illinois, Missouri and North Carolina, according to electric utility tracking website PowerOutage.us.
In Virginia’s capital city, a power outage caused a temporary malfunction in the water system, officials said Monday afternoon. Richmond officials asked those in the city of more than 200,000 people to refrain from drinking tap water or washing dishes without boiling the water first. The city also asked people to conserve their water, such as by taking shorter showers.
City officials said they were working nonstop to bring the system back online.
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Whittle reported from Portland, Maine. Associated Press journalists Bruce Schreiner in Shelbyville, Kentucky; Dylan Lovan in Louisville, Kentucky; Ben Finley in Norfolk, Virginia; Lea Skene in Baltimore; Kathy McCormack in Concord, New Hampshire; Julie Walker in New York; Sophia Tareen in Chicago; Kimberly Chandler in Montgomery, Alabama; Zeke Miller in Washington, D.C.; John Raby in Charleston, West Virginia; Summer Ballentine in Columbia, Missouri; and Hallie Golden in Seattle contributed.
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Read more of the AP’s climate coverage at http://www.apnews.com/climate-and-environment
World
Law student killed by elephant during vacation to Thailand: officials
A young woman was killed by an Asian elephant at a sanctuary in Thailand on Friday during a bathing session gone wrong, according to officials.
Spanish citizen Blanca Ojanguren, 22, was visiting Koh Yao Elephant Care on Yao Yai Island with her boyfriend at the time of the incident, Spanish newspaper El Mundo reported over the weekend. She studied law at the University of Navarra at the time.
Koh Yao Elephant Care told the Spanish outlet that a 50-year-old elephant pushed Ojanguren with its trunk while she bathed it, causing a fatal blow. Around 18 people were at the sanctuary at the time, including the victim’s boyfriend.
The tourist was rushed to a local hospital where she later died, the sanctuary owner said. The business temporarily closed as a result.
‘INCREDIBLY SOCIAL’: RESEARCHERS MAKE STUNNING FIND ON HOW AFRICAN ELEPHANTS INTERACT WITH EACH OTHER
Experts told Argentine newspaper Clarin that the elephant was likely stressed from interacting with tourists outside its natural habitat, but officials have not released details about what led up to the attack.
Koh Yao Elephant Care offers tourist packages ranging from $50 to $85 USD, according to its booking website. The company offered two-hour sessions with elephants that included activities ranging from cooking classes to kayak sessions.
“Visitors often have the opportunity to join guided tours led by knowledgeable staff who educate guests about elephant behavior, biology, and the sanctuary’s mission,” the website reads. “This experience allows for a close encounter with these magnificent animals while respecting their well-being.”
Elephants, which are profoundly gentle and intelligent animals, are known to occasionally kill humans when under physical and psychological distress. In 2022, an Asian elephant ripped its trainer in half with its tusk in Thailand’s Phang Nga province.
Officials later discovered that the elephant’s handler had it haul wood to a rubber plantation in hot weather, causing the animal to become overwhelmed.
VIOLA THE CIRCUS ELEPHANT WITH HISTORY OF ESCAPES BREAKS FREE AGAIN IN MONTANA, HEADS TOWARD CASINO SLOTS
At the time, Save the Asian Elephants CEO Duncan McNair told Newsweek that elephants are sensitive to abuse and can become stressed by human behavior.
“[It] is yet another stark reminder that Asian elephants are, and always remain, wild animals that can attack and kill when they are abused or overly stressed by humans,” McNair said.
At zoos in the United States, visitors and most staff members are usually prohibited from touching elephants. But elephant sanctuaries in Thailand lure tourists with promises of up-close interactions with the animals.
According to the Global Federal of Animal Sanctuaries, the quality of animal sanctuaries, including elephant sanctuaries, varies widely.
“It is a poorly regulated industry, in which facilities that keep animals in deplorable conditions can identify themselves as compared to those of the highest quality,” the site reads. “For anyone invested in the welfare of captive animals, there is a need to differentiate the best sanctuaries and rescues to determine where funds would be best invested, where the need for help is greatest, who provides a model to follow and who can be turned to in times of crisis.”
Koh Yao Elephant Care did not immediately respond to Fox News Digital’s request for comment. Fox News Digital reached out to wildlife experts for more information.
World
Urgent patients face more than nine hour wait periods in Portugal
Patients seeking urgent medical attention in Portugal face wait times exceeding nine hours at hospitals across the country.
Patients visiting Portuguese hospitals with urgent cases are having to wait more than nine hours in some cities until they can be admitted into hospitals.
The government’s National Health Service – the SNS – reported on Monday that many hospitals in the capital Lisbon are struggling with high demands and shortages in labour.
Urgent patients at the Amadora Sintra Hospital in the outskirts of Lisbon faced an average of eight hour waiting periods before they were able to see a medical professional.
But the excessively long wait times are not just limited to Lisbon. In Coimbra and Portimão, nine hour wait times for urgent patients were also reported. The situation there slightly improved later in the day after local health officials activated contingency plans to better manage the situation.
The delays are not just affecting needing patients, but also other state services. Mario Conde, a Fire Brigade Commander in Amadora says the delays are suffocating their resources.
“We have some constraints in the emergency service for the population because we have a lot of services in the area of hospital support and having an ambulance at the hospital for 40 minutes is a long time and we can hardly provide quick and effective assistance with this waiting time because there is a lack of resources for all the people.”
The increased demand on Portuguese health facilities is due to a recent outbreak of bird flu. The World Organisation for Animal Health (WOAH) reported an outbreak of Highly Pathogenic Avian Influenza (HPAI) strains among poultry on a farm near Lisbon on Monday.
The H5N1 strain was detected in a flock of more than 55,000 birds in the village of São João das Lampas, approximately 40 km away from the capital. The outbreak caused the death of almost 280 birds according to the Paris-based WOAH who were citing Portuguese authorities.
The spread of avian influenza, commonly referred to as bird flu, has raised concerns among governments and the poultry industry after proving deadly in recent years. The spread of the virus in the past has also disrupted supply chains significantly, resulting in higher food prices as well as the risk of human transmission.
“The flu virus is on the increase, we’re not at the peak yet, we’re still in a growing phase. And the fact that we have a low vaccination rate under the age of 85 means that the virus can circulate more easily,” says Gustavo Tato Borges from the Public Health Medical Association.
The SNS did however report later on Monday that wait times were slowly going down. Portuguese officials say that regardless of the wait times, all patients seeking medical attention were receiving treatment eventually.
“There are more emergency rooms open, we currently have 8 clinics open in the Coimbra region, we have more inpatient beds for respiratory patients and this is what is allowing us to have shorter waiting times. Patients are being reorganized, but even though there is a waiting time for the first medical observation, all the patients in our care are being treated,” says Claudia Nazareth, Clinical Director of the Coimbra Local Health Unit.
But the situation remains challenging, as the Portuguese health service is not operating at full capacity.
Six emergency services were closed on Monday, while another 13 services were reserved for internal emergencies, only working on cases referred by the National Emergency Medical Institute (INEM) and the SNS line.
The closed services were mostly in the Lisbon and Tagus Valley region, with only one in the centre, which only deals with obstetrics, gynaecology and paediatric emergencies.
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