It's starting to look a lot like a cold war: countries are lining up to join a global coalition to combat cyber threats to national security and guess who the first big worry is?

Paxful, a convertible virtual currency (CVC), peer-to-peer (P2P) trading platform, facilitated more than USD500 million in suspicious activity involving a host of illicit actors, says FinCEN.

It should be great news, if there's been an actual offence and identifiable offenders and we must assume that both conditions are true.

But we are consistently told that the amounts of money washing around in crypto defy belief. So 25 m euros doesn't seem very much at all.

Oh, and by the way, it's actually called "CryptoMixer" which is a bit like calling your dog "Dog".

In a media release referencing a conference paper in German, BaFin, Germany's financial regulator that's more famous for turning a deaf ear to warnings about Wirecard than almost anything else, there's a welcome recognition that when it comes to detecting, deterring and preventing money laundering, risk should be the first priority.

Coinbase deployed transaction monitoring software but it wasn't set up properly. That administrative failure has resulted in a fine of €21,464,734. Has the industry learned nothing from the Commonwealth Bank of Australia débâcle? 

They call them "scam centres" in the general media but that understates the true nature of the fraud factories in Myanmar and elsewhere. There workers, some voluntary and some forced, work in factory-like conditions, unable to leave their compounds and expected to reach high targets. Across South East Asia, governments, some of whom have their own problems with such places, are pointing to the region where Myanmar borders Thailand and saying that these fraud factories exist because the Myanmar military government, or junta, is benefiting from them. The junta is trying to prove those arguments wrong.

Finfluencer? Not exactly. Boxer Manny Pacquiao is not just advertising a new ewallet, it's got his name on it.

Luke Coleman, 30, of Taunton in Somerset has pleaded guilty to unlawfully obtaining and the subsequent disclosure of personal data in breach of the Data Protection Act, following a prosecution by the FCA. Unlawful obtaining and disclosure of personal data is a criminal offence, contrary to s.170(1) of the Data Protection Act 2018. This is the FCA's first prosecution under the Data Protection Act.

It takes a special kind of stupid to be LinkedIn these days. Insane "trust and safety" rules are so imprecise they are meaningless and infringements, which LinkedIn terms "violations", giving the impression that it's as serious as rape, are policed ex post facto with the imposition of punishments without explanation.

But this week, the removal of a post by Nigel Morris-Cotterill, the first step towards another ban for an unspecified offence, has proved that the entire system is useless and, worse, dangerous.

No story here - just a plain notice of something quite unexpected.