by Red Scribble | Feb 12, 2026 | Governance
The ContextOn 10 February 2026, Bithumb, South Korea’s second-largest cryptocurrency exchange, executed a catastrophic operational failure. A single employee entered a promotional value in bitcoin instead of Korean won. This data entry error converted a $423...
by Red Scribble | Feb 12, 2026 | Governance
The Serious Fraud Office’s 2025 pilot report documented 446 internal fraud and corruption cases across six public sector agencies in 15 months. The report explicitly states these figures are an undercount due to inadequate controls. Extrapolating the 0.45% to...
by Red Scribble | Feb 9, 2026 | Governance
The Context A 27% workforce reduction. 28,000 employees lost between January and December 2025. The US Internal Revenue Service (IRS) workforce collapsed from 102,000 to 74,000. The hiring plan failed. Only 50 of 2,200 seasonal staff were onboarded. A 43-day...
by Red Scribble | Feb 7, 2026 | Governance
The Expedited PenaltyA new, faster enforcement pathway for health and safety failures is now operational. Your due diligence clock is ticking.The ContextIn February 2026, Minister for Workplace Relations and Safety, Brooke van Velden, announced a complete overhaul of...
by Red Scribble | Feb 7, 2026 | Governance
The ContextOn 4 February 2026, the SFO filed 33 charges against Alexander Breingan, founder of Stripe Studios. The core transaction is a NZ$14.5 million gap. Breingan is alleged to have secured NZ$4.3 million in government screen rebates and NZ$10.2 million in...
by Red Scribble | Feb 3, 2026 | Governance
The Context Interactive Brokers, a major financial firm, established a new subsidiary, Lumina Markets, in February 2026. This entity operates the ForecastEx prediction market, a CFTC-regulated exchange. The parent company’s founder, Thomas Peterffy, actively...