Tag: crime

Oct 19 2020

QQAAZZ Crypto Crime Ring Busted by Europol

Reading Time: 2 minutes QQAAZZ, a global money laundering network, has been busted by Europol QQAAZZ used Bitcoin mixing services among other methods to launder stolen money Europol that crypto privacy services were a “top threat” last week QQAAZZ, a global...

Oct 16 2020

Mt. Gox Rehabilitation Deadline Pushed to December 15

Reading Time: 2 minutes The Mt. Gox rehabilitation plan deadline has been pushed back once more December 15 is the new date towards which creditors will work with trustee Nobuaki Kobayashi Every deadline has so far been missed, with “closer examination” needed,...

Oct 15 2020

Chainalysis CEO – Privacy Coins Serve “Crime Syndicates”

Reading Time: 2 minutes Chainalysis CEO Michael Gronager has said that privacy coins such as Monero and Zcash have a limited use case in the future Gronager says that they won’t see widespread use and will remain “niche” Chainalysis is a pioneer in blockchain analytics...

Oct 13 2020

Eminence Creator Andre Cronje Could Face Lawsuit

Oct 13 2020 Published at FullyCrypto under tags  crime cryptocurrency news defi hack uniswap

Reading Time: 2 minutes The founder of Yearn.finance Andre Cronje could face a lawsuit over the Eminence farce The EMN token was released while still in test status, but speculators still bought in A hacker drained the contract just hours later, and they want their...

Oct 12 2020

OneCoin Movie Starring Kate Winslet Gets Go Ahead

Oct 12 2020 Published at FullyCrypto under tags  crime cryptocurrency news onecoin scam

Reading Time: 2 minutes The story of OneCoin, the cryptocurrency scam that took some $4 billion, is to be made into a film starring Kate Winslet Winslet will star as Dr Ruja Ignatova in the project, which is backed by MGM studios The film will be based on an upcoming...

Oct 11 2020

BitMEX – What Does the Future Hold?

Reading Time: 2 minutes BitMEX has new leadership following the charges against the three founders earlier this month The new company heads have to decide whether BitMEX goes legit or continues on its current path Either decision comes with problems and will see the...

Oct 09 2020

BitMEX Rings the Changes After Legal Trouble

Reading Time: 2 minutes BitMEX has announced several changes at the very top of the company following the CFTC charges last week The three co-founders have all stepped aside, while another executive has taken a leave of absence BitMEX faces a struggle for its very...

Oct 08 2020

No, The Mt. Gox Bitcoin Won’t be Refunded on October 15

Reading Time: 2 minutes Speculation has surfaced that the Mt. Gox Bitcoin will be returned to creditors on October 15 and crash the market The ₿150,000 repayment has been in the works since the first related filing in late 2018 There...

Oct 07 2020

‘Morris Coin’ Ponzi Scammer Arrested in India

Reading Time: 2 minutes The head of Morris Coin, an Indian cryptocurrency scam which claimed to be “the best trending platform”, has been arrested Morris Coin claimed to be a decentralized cryptocurrency when it was in fact a cookie cutter Ponzi scheme Victims were...

Europol: Criminal Activity Represents 1.1% of Bitcoin Use

Reading Time: 2 minutes A new Europol report has said that illegal Bitcoin use makes up only 1.1% of its activity, compared to 20% in 2013 A massive increase in Bitcoin trading is behind the shift Europol also warned about the “top threat” represented by privacy...

Oct 06 2020

John McAfee Arrested in Spain on Tax Evasion Charges

Reading Time: 2 minutes John McAfee has been arrested in Spain on multiple charges including tax evasion and fraud U.S. authorities issued a warrant for his arrest yesterday following the unseasling of DoJ and SEC filings McAfee is said to have earned many millions of...

Oct 05 2020

KuCoin Hack Perpetrators “Identified”

Oct 05 2020 Published at FullyCrypto under tags  crime cryptocurrency news exchange hack

Reading Time: 2 minutes The perpetrators of last week’s KuCoin hack have been found, according to the KuCoin CEO Johnny Lyu explained in a tweet thread that more than $200 million in stolen assets are now out of the hackers’ control KuCoin will reopen for business soon...

BitMEX Loses Bitcoin and Users After CFTC Indictments

Reading Time: 2 minutes BitMEX has seen $475,000 worth of Bitcoin leave the exchange since it was hit with CFTC charges last week Usage of the platform has also nosedived as users abandon it 2020 has seen three huge Bitcoin outflows, leaving BitMEX in a precarious...

Oct 04 2020

Ransomware Insurance Payouts Could Violate Sanctions

Reading Time: 2 minutes Insurance firms that pay ransomware demands on behalf of hacked companies could find themselves penalized for dealing with sanctioned countries The Treasury has warned that paying a ransom to a group linked to a sanctioned country could be considered a...

Oct 03 2020

SEC Pursues $3.5 Million Swedish Crypto Scammer

Reading Time: 2 minutes The United States Securities and Exchange Commission (SEC) has charged Swedish crypto scammer Roger Karlsson with fleecing over 2,000 investors out of $3.5 million Karlsson defrauded the investors by promising “astronomical” returns on their investments...

Oct 01 2020

Chainalysis Wins $625,000 IRS Monero-cracking Contract

Reading Time: 2 minutes Chainalysis has won one of two contracts from the IRS to create tracing tools for Monero The IRS advertised for candidates last month and has selected Chainalsysis and Integra, a Texas-based company Monero transactions have been almost impossible...

Estonia E-residence Has Facilitated “Large Scale” Crypto Scams

Reading Time: 2 minutes Police in Estonia have identified a “considerable connection” between the country’s e-residence program and cryptocurrency scams E-residents are continuing to use the country as a virtual base for illegal operations including “a few large-scale exit...

Sep 30 2020

Bulgarian Crypto Exchange Owner Guilty of Money Laundering

Reading Time: 2 minutes The founder of crypto exchange RG Coins has been found guilty of money laundering Rossen Iossifov was part of a huge operation that scammed victims out of their money through fake auction site listings 17 of the gang have either pleaded guilty or...

Sep 28 2020

DxSALE to Offer Airdrop for Hatch Exit Scam Victims

Reading Time: 2 minutes DxSALE has promised an airdrop to victims of the recent Hatch DAO exit scam Hatch DAO rug pulled when they minted and sold 2 million HATCH tokens on Friday night DxSALE will airdrop their own SALE tokens to Hatch DAO victims via a dApp...

KuCoin Hack – Five Things We Learnt

Sep 28 2020 Published at FullyCrypto under tags  crime cryptocurrency news exchange hack

Reading Time: 2 minutes Saturday’s KuCoin hack resulted in $150 million worth of tokens stolen from the exchange KuCoin are currently investigating the methodology of the attack We have learnt several things already from Saturday’s hack Saturday’s KuCoin hack...

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