Tag: crime

Apr 16 2021

300 Crypto Scam Victims Sue Broker Over €250 Million Loss

Reading Time: 2 minutes 300 crypto scam victims in Spain have filed the country’s first crypto-related class action lawsuit Javier Biosca is alleged to have swindled victims out of some $300 million in a Ponzi scheme Biosca fled with $96 million in bitcoin last November...

A $115K Bitcoin by August?

PLUS: Everything you want to know about COIN Happy Coinbase direct listing week! If you still need more Coinbase content, I would recommend clicking...

Apr 11 2021

Beosin CMO Did Not Liquidate Police-seized Bitcoin Says Firm

Reading Time: 2 minutes Beosin CMO Gao Ziyang did not misappropriate $45 million worth of police-seized bitcoin, according to the company News reports alleged that Gao had traded the fortune on OKEx when he was supposed to be disposing of it on behalf of the authorities...

Apr 09 2021

Cryptojacking Down 23% in First Drop since 2018

Reading Time: 2 minutes Reports of cryptojacking were 23% down in the last quarter, according to a new report Threat intelligence firm Unit 42 reported that cryptojacking dropped for the first time since 2018 Unit 42 says companies are better prepared to deal with such...

Apr 07 2021

Ex BitMEX CEO Arthur Hayes Pleads Not Guilty to CFTC Charges

Reading Time: 2 minutes BitMEX co-founder and former CEO Arthur Hayes has handed himself into U.S. authorities Hayes pleaded not guilty and was released on a $10 million bond Four former BitMEX high ranking employees have been charged with operating an unlicensed...

Apr 05 2021

The Fall Of Mt. Gox – How It Changed The World Of Cryptocurrency Forever

Reading Time: 7 minutesOver the years the cryptocurrency market has seen it all. Success, failure, scandal, and surprise seem to be around every turn, with investors that haven’t been afraid to “hodl” experiencing a wild ride. For all the...

Apr 04 2021

Irish Bitcoin Scam Targets High Net Worth Investors

Reading Time: 2 minutes An Irish Bitcoin scam seems to have conned wealthy residents out of millions of euro Scammers located in the country are grooming individuals to buy bitcoin before taking control of their wallets Police are having trouble making victims realize...

Mar 29 2021

Thumbs Down: Instagram Influencer Scams Followers Out Of Millions In Bitcoin

Mar 29 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin crime btc btcusd btcusdt

By the way of network effect, each new market cycle brings more and more attention to Bitcoin. The price per coin rises as more investors pile in looking for a piece of the profits the cryptocurrency is known for providing over the years. At the same time, however, it also attracts more criminals, scammers, and crooks to the cryptocurrency space. The scammers aren't...

Mar 18 2021

Twitter Hack Ringleader Agrees Three-Year Prison Sentence

Mar 18 2021 Published at FullyCrypto under tags  bitcoin bitcoin news crime hack twitter

Reading Time: 2 minutes The teenaged ringleader of last year’s Twitter hack faces three years in prison Graham Clark will serve the time as part of a plea deal after he impersonated over a dozen celebrities and companies Clark and two accomplices stole...

Mar 17 2021

BitMEX Co-founder Ben Delo Pleads Not Guilty to CFTC Charges

Reading Time: 2 minutes BitMEX co-founder Ben Delo has pleaded not guilty to charges relating to the trading platform Delo flew to the US to be arraigned but has returned to the UK on bail BitMEX employed no AML/KYC protocols and may have allowed individuals from...

Mar 15 2021

The NFT Copyright Pandora’s Box Has Been Opened

Mar 15 2021 Published at FullyCrypto under tags  bitcoin news crime cryptocurrency nft

Reading Time: 4 minutesThe NFT boom has brought with it the inevitable byproduct – crime Original content is being tokenized and sold before the author is even aware it has been taken How can the issue be stopped, and how responsible are NFT platforms? The explosion in popularity...

Mar 13 2021

Hiding Crypto Profit? Operation Hidden Treasure is After You

Reading Time: 2 minutes Operation Hidden Treasure is a new taskforce set up by the IRS to identify crypto tax avoiders The new taskforce will use blockchain specialists to identify ‘signatures’ that are indicative of tax avoidance The IRS has tried various means of...

Mar 12 2021

CFTC Examines Whether Binance Illegally Brokered Trades for US Users

Mar 12 2021 Published at Crypto Briefing under tags  binance bitmex breach business cftc

The Commodity Futures Trading Commission (CFTC) in the U.S. is investigating Binance to determine whether the exchange illegally facilitated trading for U.S. residents. Binance Under Investigation Binance isn't registered with the CFTC and is not authorized to allow derivatives trading by U.S. residents. The U.S. regulator views cryptocurrencies like Bitcoin and Ethereum as...

Mar 10 2021

Cred CFO Was Escaped British Convict

Mar 10 2021 Published at FullyCrypto under tags  crime cryptocurrency cryptocurrency news

Reading Time: 2 minutes A court examiner’s report has revealed that the CFO is Cred was an escaped British convict James Alexander escaped a British prison in 2007 and wound up being in a position of great power within the company Alexander is accused of stealing some...

Mar 08 2021

McAfee Faces 45 Years in Prison for Financial Crimes

Reading Time: 2 minutes John McAfee has been formally charged with a litany of fraud and money laundering charges McAfee and his executive advisor Jimmy Watson Jr could face up to 40 years in prison McAfee hasn’t filed a tax return in four years, during which time he...

Mar 05 2021

Arthur Hayes Close to Handing Himself In

Reading Time: 2 minutes Ex-BitMEX CEO Arthur Hayes is reportedly negotiating terms of a surrender to US authorities Hayes is wanted on charges relating to the illegal operation of BitMEX Hayes remains at large in Singapore, out of the clutches of the CFTC who have filed...

Mar 04 2021

QuadrigaCX Imitation Website May Have Stolen User Logins

Reading Time: 2 minutes A fake QuadrigaCX site that popped up last month may have collected user logins The imposter site, which used the original’s URL, appeared early last month The law firm representing QuadrigaCX claimants has issued guidance A fake...

Mar 02 2021

Tether Stands Firm Against Blackmailers

Reading Time: 2 minutes Tether has stood firm against blackmailers who used fake documents to try and get ₿500 out of them The deadline passed yesterday, but Tether confirmed they would not pay The scammers forged internal documents...

Mar 01 2021

The Tether Battle Is Over but the War Lies Ahead

Mar 01 2021 Published at FullyCrypto under tags  crime cryptocurrency opinions tether

Reading Time: 2 minutes Tether’s legal battle may be over, but the war is still being fought The company must file quarterly transparency reports, something they haven’t managed to do in seven years Only after the first report will we know the true health of the company...

Tether’s Message to Extortionist Demanding 500 BTC: “We Are Not Paying”

Tether called the ransom note "a pretty sad attempt at a shakedown," but will take the threat "seriously.”

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