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