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Boris Johnson was interrupted as he apologised for the “suffering” caused by the COVID pandemic.

Four people were subsequently removed from the hearing, where they had been in the public gallery holding up pictures.

Mr Johnson told the inquiry: “I am deeply sorry for the pain and loss and suffering.”

One protester held up a poster reading: “The dead can’t hear your apologies.”

Mr Johnson went on to say he hoped the inquiry was able to “get answers to those very difficult questions” victims and their families are “rightly asking”.

Boris Johnson COVID evidence live: Former PM apologises to victims as he begins marathon evidence session at inquiry

The evidence session also heard:

More on Boris Johnson

• The government “underestimated the scale and pace of challenge” from COVID – thinking the peak would come in May or June;

• The tone of the private WhatsApps was a “reflection of the agony” the country was going through;

• Mr Johnson takes “full responsibility” for decisions made;

• Mr Johnson only read Scientific Advisory Group for Emergencies (Sage) minutes “once or twice”

Watch a Sky News special on Johnson’s day of evidence at 9pm

The former prime minister was speaking on the first day of his appearance at the official COVID inquiry he set up in order to learn the lessons of the pandemic for the future.

He is the inquiry’s most highly anticipated witness and follows on from fellow politicians including former health secretary Matt Hancock, former deputy prime minister Dominic Raab and Levelling Up Secretary Michael Gove.

The inquiry, which is now examining decision-making and political governance, began with Baroness Hallett raising issue with the briefings ahead of Mr Johnson’s appearance, arguing that a leak “undermines the inquiry’s ability to do its job fairly, effectively and independently”.

Mr Johnson will be questioned for two days about decisions he made which took the country into three national lockdowns.

‘Should things have been done differently? Unquestionably’

The former prime minister told Hugo Keith KC, lead counsel for the inquiry, that “unquestionably” mistakes were made by his government during the pandemic, adding that he took “responsibility for all the decisions that we made”.

Pressed on what mistakes he felt were made, Mr Johnson cited communications and the different messaging coming from the different governments in the UK.

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COVID families don’t want Johnson ‘waffle’

Mr Johnson also said he took responsibility for the speed of the government’s response to the pandemic, the lockdown decisions and their timeliness, the circulation of the virus in the residential care sector and the Eat Out to Help Out scheme.

He said he acknowledged that “so many people suffered, so many people lost their lives”, the government was “doing our best at the time, given what we knew, given the information I had available to me at the time, I think we did our level best”.

Mr Keith KC ten turned to questioning Mr Johnson on why he did not forsee the scale of destruction the the COVID pandemic would cause in early 2020, given that

Mr Johnson admitted that the wider government “underestimated” the threat posed by the virus, saying the “concept of a pandemic did not imply to the Whitehall mind the kind of utter disaster that COVID was to become”.

He said in the “early days of March”, government figures and officials “were all collectively underestimating how fast it had already spread in the UK”.

“We put the first peak too late, we thought it would be May/June – that was totally wrong. I don’t blame the scientists for that at all.

“That was the feeling and it just turned out to be wrong.”

Johnson questioned on 5,000 missing WhatsApps

In the days leading up the inquiry there were reports anticipating Mr Johnson’s apology and the fact that not all of his WhatsApps would be made available to the inquiry – with about 5,000 messages on his phone from January 30, 2020 to June 2020 missing.

Mr Johnson said he did not know the “exact reason” they were not located, but said it was” something to do with the app going down and then coming up again, but somehow automatically erasing all the things between that date when it went down and the moment when it was last backed up”.

Mr Keith said a technical report provided by the former prime minister’s solicitors suggested there may have been a factory reset on the phone at the end of January 2020 followed by an attempt to reinstall its contents months later in June – something Mr Johnson said he did not remember.

“Can I, for the avoidance of doubt, make it absolutely clear I haven’t removed any WhatsApps from my phone and I’ve given you everything that I think you need?” he said.

As well as politicians appearing before the inquiry, other figures that have given evidence include top scientists at the time – including Chief Medical Officer Chris Whitty and former chief scientific adviser Sir Patrick Vallance – and Mr Johnson’s former chief adviser Dominic Cummings.

Mr Cummings has previously given evidence to the inquiry in which he described Downing Street as in a state of “complete chaos” and claimed that he urged Mr Johnson to remove Mr Hancock – whom he claimed “lied his way” through the pandemic.

Read more:
COVID inquiry: Michael Gove apologises for pandemic ‘errors’
COVID inquiry about ‘scapegoating’ senior government figures, Boris Johnson’s sister says

Government had ‘challenging and competing characters’

Mr Keith told Mr Johnson that the WhatsApp messages that have been shown to the inquiry “paints an appalling picture, not all the time but at times, of incompetence and disarray”.

Mr Johnson argued that plenty of successful governments have “challenging and competing characters whose views about each other might not be fit to print but who get a lot done”.

Asked about comments he made in which he called Mr Hancock “totally f***** useless”, Mr Johnson replied: “My job was not uncritically to accept that everything we were doing was good. I do think that the country as a whole had notable achievements during the crisis.”

He admitted that while he was aware Mr Cummings had a “low opinion” of the health secretary, he thought Mr Hancock “worked very hard, he had defects, but I thought that he was doing his best in very difficult circumstances”.

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Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

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Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

The new trade tariffs announced by US President Donald Trump may place added pressure on the Bitcoin mining ecosystem both domestically and globally, according to one industry executive.

While the US is home to Bitcoin (BTC) mining manufacturing firms such as Auradine, it’s still “not possible to make the whole supply chain, including materials, US-based,” Kristian Csepcsar, chief marketing officer at BTC mining tech provider Braiins, told Cointelegraph.

On April 2, Trump announced sweeping tariffs, imposing a 10% tariff on all countries that export to the US and introducing “reciprocal” levies targeting America’s key trading partners.

Community members have debated the potential effects of the tariffs on Bitcoin, with some saying their impact has been overstated, while others see them as a significant threat.

Tariffs compound existing mining challenges

Csepcsar said the mining industry is already experiencing tough times, pointing to key indicators like the BTC hashprice.

Hashprice — a measure of a miner’s daily revenue per unit of hash power spent to mine BTC blocks — has been on the decline since 2022 and dropped to all-time lows of $50 for the first time in 2024.

According to data from Bitbo, the BTC hashprice was still hovering around all-time low levels of $53 on March 30.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Bitcoin hashprice since late 2013. Source: Bitbo

“Hashprice is the key metric miners follow to understand their bottom line. It is how many dollars one terahash makes a day. A key profitability metric, and it is at all-time lows, ever,” Csepcsar said.

He added that mining equipment tariffs were already increasing under the Biden administration in 2024, and cited comments from Summer Meng, general manager at Chinese crypto mining supplier Bitmars.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Source: Summer Meng

“But they keep getting stricter under Trump,” Csepcsar added, referring to companies such as the China-based Bitmain — the world’s largest ASIC manufacturer — which is subject to the new tariffs.

Trump’s latest measures include a 34% additional tariff on top of an existing 20% levy for Chinese mining imports. In response, China reportedly imposed its own retaliatory tariffs on April 4.

BTC mining firms to “lose in the short term”

Csepcsar also noted that cutting-edge chips for crypto mining are currently massively produced in countries like Taiwan and South Korea, which were hit by new 32% and 25% tariffs, respectively.

“It will take a decade for the US to catch up with cutting-edge chip manufacturing. So again, companies, including American ones, lose in the short term,” he said.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Source: jmhorp

Csepcsar also observed that some countries in the Commonwealth of Independent States region, including Russia and Kazakhstan, have been beefing up mining efforts and could potentially overtake the US in hashrate dominance.

Related: Bitcoin mining using coal energy down 43% since 2011 — Report

“If we continue to see trade war, these regions with low tariffs and more favorable mining conditions can see a major boom,” Csepcsar warned.

As the newly announced tariffs potentially hurt Bitcoin mining both globally and in the US, it may become more difficult for Trump to keep his promise of making the US the global mining leader.

Trump’s stance on crypto has shifted multiple times over the years. As his administration embraces a more pro-crypto agenda, it remains to be seen how the latest economic policies will impact his long-term strategy for digital assets.

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

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Malta regulator fines OKX crypto exchange $1.2M for past AML breaches

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Malta regulator fines OKX crypto exchange .2M for past AML breaches

Malta regulator fines OKX crypto exchange .2M for past AML breaches

Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws.

Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based subsidiary — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3.

While admitting that OKX has significantly improved its AML policies in the past 18 months, the authority “could not ignore” its past compliance failures from 2023, “some of which were deemed to be serious and systematic,” the FIAU notice said.

OKX was among the first crypto exchanges to receive a license under Europe’s new Markets in Crypto-Assets (MiCA) regulation via its Malta hub in January 2025.

The news of the $1.2 million penalty in Malta came after Bloomberg in March reported that European Union regulators were probing OKX for laundering $100 million in funds from the Bybit hack.

Bybit CEO Ben Zhou previously claimed that OKX’s Web3 proxy allowed hackers to launder about $100 million, or 40,233 Ether (ETH), from the $1.5 billion hack that occurred in February.

This is a developing story, and further information will be added as it becomes available.

Magazine: Stablecoin for cyber-scammers launches, Sony L2 drama: Asia Express

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US court fines UAE crypto firm CLS Global $428K for wash trading

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US court fines UAE crypto firm CLS Global 8K for wash trading

US court fines UAE crypto firm CLS Global 8K for wash trading

Authorities in the US state of Massachusetts continue targeting unlawful cryptocurrency market practices, with a local court fining crypto financial services firm CLS Global.

A federal court in Boston on April 2 sentenced CLS Global on criminal charges related to fraudulent manipulation of crypto trading volume, according to an announcement from the Massachusetts US Attorney’s Office.

In addition to a $428,059 fine, the court prohibited CLS Global from offering services in the US for a probation period of three years.

CLS Global, a crypto market maker registered in the United Arab Emirates, in January pleaded guilty to one count of conspiracy to commit market manipulation and one count of wire fraud.

CLS agreed to manipulate the FBI’s “trap token” NexFundAI

The charges against CLS Global followed an undercover law enforcement operation involving NexFundAI, a token created by the FBI as part of a sting operation in May 2024.

CLS Global was among at least three firms that took the FBI’s bait and agreed to provide “market maker services” for NexFundAI, including a fraudulent scheme to attract investors to purchase the token.

In October 2024, the Securities and Exchange Commission announced fraud charges against CLS and its employee, Andrey Zhorzhes. The US securities regulator also filed complaints against two other NexFundAI manipulators, Hong Kong-linked ZM Quant Investment and Russia-linked Gotbit Consulting.

CLS Global’s profile

According to CLS Global CEO Filipp Veselov, the company was founded in 2017 to fill in a “huge gap in the market for high-quality market-making solutions and trading consulting.”

Prior to CLS, Veselov worked at the Russian cryptocurrency exchange platform Latoken, which is advertised as a “global digital asset exchange” and has about 370,000 followers on X.

The CLS team also includes chief revenue officer Pavel Singaevskii, who previously served as sales manager at Stex, a crypto platform that reportedly ceased operations without warning in 2023.

US court fines UAE crypto firm CLS Global $428K for wash trading

Source: CLS Global

According to CLS Global’s X page, the platform continues operating and has more than 110,000 followers at the time of publication.

How much wash trading is in crypto?

Wash trading is an illegal practice involving artificially inflating trading volume by repeatedly buying and selling the same asset, generating a misleading perception of demand.

According to a January 2025 report by the US blockchain analytics firm Chainalysis, the crypto market has at least $2.6 billion in estimated wash traded volumes, or just about 2% of total daily crypto trading volumes, as reported by CoinGecko.

US court fines UAE crypto firm CLS Global $428K for wash trading

Estimated wash trade volume in crypto. Source: Chainalysis

Related: Russian Gotbit founder strikes $23M plea deal with US prosecutors

Some studies indicate that wash trading makes up a bigger share of the crypto market.

In 2022, the US National Bureau of Economic Research reported that illegal wash trading may account for as much as 70% of average trading volumes on unregulated exchanges.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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