A Pennsylvania man has been charged with conspiracy to commit wire fraud and extortion via a SIM swapping scheme targeting crypto execs and investors. United States authorities have charged a Pennsylvania man with conspiracy to commit wire fraud and extortion via a series of SIM swaps targeting cryptocurrency execs and investors. SIM-swapping — alternatively known […]
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New Jersey authorities announce the arrest of three founders of alleged $722 million crypto Ponzi scheme BitClub Network. United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement […]
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The U.S. SEC is seeking to reopen a case against Bitcoin fraudster Renwick Haddow, as he has not resolved the regulator’s claims for monetary relief. The United States Securities and Exchange Commission (SEC) has filed to reopen a case against Bitcoin (BTC) fraudster Renwick Haddow as he has not resolved the regulator’s claims for monetary […]
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Cryptocurrency payment startup C Labs recruits former managing vice president at Capital One to oversee the company’s compliance strategy. Cryptocurrency payment startup C Labs has hired former United States government official Jai Ramaswamy to oversee the company’s compliance strategy. On Nov. 26, Coindesk reported that Ramaswamy had joined C Labs, the company responsible for Celo, […]
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We need a high level of evaluation for how this data is gathered instead. The security experts at BlockShow Asia 2019 agree: creating a unified blacklist for scammers and fraudsters is not only difficult, but it’s not enough to solve these issues within the crypto space. Cryptocurrency service providers like exchanges already maintain their own […]
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U.S. Department of Justice arrested two Massachusetts men for allegedly taking over victims’ social media accounts and stealing their cryptocurrency via SIM swapping. The United States Department of Justice has arrested and charged two Massachusetts men for allegedly taking over victims’ social media accounts and stealing cryptocurrency. According to the announcement on Nov. 14, the […]
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Co-founder of Riot Games Marc Merrill had his identity stolen by a Singaporian national who used Merrill’s personal information to illegally access $5 million worth of computing power. The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services’ and Google cloud computing power for […]
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A look at the history of the mysterious firm Crypto Capital and its ties to Bitfinex as court cases brew. Over the past week, news broke detailing that Oz Yosef, an executive of the mysterious firm Crypto Capital, has been indicted by the United States for conspiracy to commit bank fraud and conspiracy to operate […]
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United States law enforcement agencies analyzed Bitcoin transactions to locate and subsequently shut down a global child pornography site. United States law enforcement agencies analyzed Bitcoin (BTC) transactions to locate and subsequently shut down a global child pornography site. Per an Oct. 16 press release, the U.S. Department of Justice announced the shutdown of the […]
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Mt. Gox’s rehabilitation trustee has contacted the United States Department of Justice in search of information about the alleged former BTC-e operator Alexander Vinnik. Nobuaki Kobayashi, trustee of the now-defunct Bitcoin (BTC) exchange Mt. Gox, has contacted the United States Department of Justice (DOJ) in search of information about Alexander Vinnik, the alleged former operator […]
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