Tag: crime

Reading Time: 2 minutes Cryptocurrency exchange Suex has been added to OFAC’s list of sanctioned entities OFAC claims that Suex helped launder money for Russian hackers, most notably those from recent ransomware attacks Suex...

Reading Time: 2 minutes A Russian high court has rejected an appeal against the arrest of three Finiko Ponzi scheme associates The three men fled Russia following the arrest of Finiko founder Kirill Doronin and scam promoters Finiko took some $1.5 billion in...

Reading Time: 2 minutes The founders of Africrypt, the South African scam investment scheme, are set to give video evidence next month Ameer and Raees Cajee, whose fund supposedly took in over $2 billion, are in hiding following an alleged hack on the wallets The fund’s...

Reading Time: 2 minutes The founder of fake crypto trading firm Virgil Capital has been sentenced to 7.5 years in prison Qin pleaded guilty in February for pretending Virgil Capital was wildly successful when in fact it was a Ponzi scheme Qin must also forfeit $54...

Reading Time: 2 minutes Nate Chastain, the OpenSea executive who used his position for financial gain, has quit Former Head of Product Chastain bought NFTs before they were due to be listed on the site and then sold at a profit Chastain has yet to comment on the matter...

Reading Time: 2 minutes Bitcoin is sometimes compared to Liberty Reserve, the anonymous and illegal bank that closed in 2013 Liberty Reserve is well known for facilitating criminal activity, as Bitcoin has been accused of What are the differences between the two...

Reading Time: 2 minutes NFT platform OpenSea has admitted that its Head of Product used insider information to trade NFTs on the platform Nate Chastain was caught buying NFTs before they hit the OpenSea front page and then selling them when they did OpenSea said it...

Reading Time: 2 minutes The president and CEO of Rivetz has been sued by the SEC over its 2017 ICO The SEC alleges that Rivetz conducted an illegal ICO, with the Steven Sprague using the money to buy property Rivetz is the latest 2017/18 ICO to find that the SEC is not...

Reading Time: 2 minutes The hearing into MTI has been put on hold for six months MTI was a huge Bitcoin Ponzi scheme from South Africa Victims are concerned about the powers that liquidators are seeking The hearing into the treatment of Mirror Trading...

Reading Time: 3 minutes Memories of Marine Chain, an abandoned ICO from 2018, have resurfaced The scam was started by three North Korean intelligence operatives Marine Chain was one spoke in a wheel of six-figure cybercrime attacks by North Korean intelligence at the...

Reading Time: 2 minutes Ghaleb Alaumary has been sentenced to 11 years in prison in the U.S. on money laundering charges The Canadian laundered money for North Korean crypto hackers and scammers Alaumary also helped launder money stolen from international banks,...

Reading Time: 2 minutes A BitMEX manipulation lawsuit has been tossed for the second time in six months The judge in the case accused plaintiffs of copying and pasting material from another case The case was dismissed with prejudice, meaning plaintiffs cannot refile...

Reading Time: 2 minutes The IRS has arrested a suspected dark web drug merchant through a sting operation An IRS agent posed as Mr. Coins and swapped $180,000 in cash for XMR and BTC over nine months The suspect admitted in...

Reading Time: 2 minutes BitConnect founder Satish Kumbhani has been charged with defrauding investors through the scheme BitConnect took in over $2 billion in user funds between 2016 and 2018 but collapsed in 2018 It was...

Reading Time: 2 minutes The scammer behind a fake Banksy NFT has returned the cost of the piece to the buyer An anonymous buyer paid 100 ETH for the NFT which was advertised on Banksy’s website The NFT was a fake, but the...

Reading Time: < 1 minute A 23-year-old Venezuelan financial advisor has allegedly faked a kidnap in order to disappear with investors’ bitcoin Andrés Jesús Dos Santos Hernánde says that kidnappers forced him to empty the $1.15 million worth of...

Reading Time: 3 minutes A $1.1 billion Bitcoin theft is said to have occurred in February 2020, yet it is never talked about If verified it would be the biggest ever Bitcoin theft targeting an individual Why does no one...

Reading Time: 2 minutes The victim of a malware attack that saw ₿16.45 stolen from him has sued the parents of the alleged teenaged creators Andrew Schober downloaded a fraudulent Bitcoin wallet in 2018 which saw...

In 2018, a U.S man named Andrew Schober fell foul to a malware hack, resulting in the loss of 16.4 Bitcoin, around $800,000 at today's price. After spending $10,000 to hire forensic specialists, Schober thinks he's tracked down the culprits. But it turns out the alleged perpetrators are thousands of miles away, in England. The real kicker is that...

Reading Time: 2 minutes The founder of AriseCoin and AriseBank woke up in prison this morning at the start of a five-year sentence Jared Rice, Sr. pleaded guilty to swindling investors out of over $4 million through the scam...