Continuing Rise of Illicit Crypto Use, DE Taking Second Shot at Right to Repair & More

Illicit Crypto Use Reaches $20B:

The use of cryptocurrencies for illicit purposes reached a record $20.1 billion in 2022, according to data from blockchain analytics firm Chainalysis. Despite falling crypto transaction volumes overall, the value of illicit transactions rose for the second consecutive year. Transactions associated with entities subject to U.S. sanctions, most notably Russian crypto exchange Garantex, shot up more than 100,000-fold last year. (INSURANCE JOURNAL)

DE Lawmakers to Take Another Look at Right to Repair:

For the second session in a row, Delaware lawmakers will consider legislation that would allow consumers and independent repair shops to fix technological devices like cell phones on their own instead of having to send them back to the manufacturers for repair. Rep. Ruth Briggs King (R) introduced a right-to-repair bill with bipartisan support in 2021, but it ran into strong opposition from manufacturers, who contended, among other things, that it might lead to the disclosure of trade secrets. Briggs said the proposal could receive a boost this year from growing federal support, including the Federal Trade Commission’s endorsement of right-to-repair laws in May 2021. (DELAWARE PUBLIC MEDIA)

FTX Recovers $5B in Liquid Assets:

Failed cryptocurrency exchange FTX has recovered $5 billion in cash and digital assets, attorneys for the company said at a bankruptcy hearing last week. The company’s new CEO previously said there were at least $8 billion worth of customer assets that hadn’t been accounted for. (CNBC)

Roughly 20% of Software Has Serious Security Flaw: 

Almost one fifth of the software scanned by customers of the application security company Veracode the past year has a critical security flaw, according to a new report from the company. The report, based on scans of 759,000 applications, said that 74 percent of applications had at least one security flaw, and 19 percent had a flaw of “high or critical severity.” (GOVERNMENT TECHNOLOGY)

— Compiled by KOREY CLARK