Citi announced May 18 it had hired Jawad Haider from Credit Suisse Group CSGN.

The largest contributor to crypto losses this year was the $1 billion Ponzi scheme by Wotoken in China, the extent of which came out last month in a criminal trial, according to the CipherTrace report.The Wotoken scheme offered investors the chance to generate returns for users by employing algorithmic trading bots, offering referral commissions to affiliates, news reports said.

However, the advertised proprietary trading software did not exist.The CipherTrace report also released findings showing that for the third year in row, Finnish exchanges in 2019 received the highest number of bitcoins that were supposed to have come from criminal sources.

Some 12.

01% of tainted bitcoins went through their trading platforms last year.Reporting by Gertrude Chavez-Dreyfuss; Editing by Alden Bentley and David GregorioOur Standards: The Thomson Reuters Trust Principles.

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