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Former CEO of Crypto Exchange Wex Dmitry Vasiliev Reportedly Detained in Croatia
1.6.2022
Dmitry Vasiliev, co-owner and former chief executive of the now defunct Russian crypto exchange Wex, has been arrested upon entering Croatia, local media reported. The crypto entrepreneur is wanted by Kazakhstan where he is accused of stealing money from an investor. Wex Executive Vasiliev...
Retro Game Collector Accused Of Selling $100,000 Worth Of Intricate Forgeries
1.6.2022
The retro PC game collecting scene was rocked by an unexpected scandal last week when a prominent member of the community, who was also a moderator of a major Facebook group, was accused of selling people fake copies of classic games.Read more
Dune Crypto Leader Quits NFT Project After Being Accused Of Racism, Homophobia & Grooming
24.5.2022
Let’s cast our minds back to January, when I wrote a story called ‘Crypto Losers Buy Copy Of Jodorowsky’s Dune, Have Played Themselves’, a piece which I thought at the time perfectly captured the extent to which brainworms had infested the blockchain community.Read more
Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam
23.5.2022
South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in...
Crypto Mining Farm Uncovered in Russia’s Oldest Prison
22.5.2022
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency...
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
FTX's Bankman-Fried Accused of Misleading Public Over Bitcoin as FT Picks His Words 'Selectively'
16.5.2022
Sam Bankman-Fried, CEO and founder of major crypto exchange FTX, and investor in Solana (SOL), was accused of misleading the public as he omitted important facts while bashing Bitcoin (BTC). The CEO claims that his quotes were chosen "very selectively" by a mainstream media outlet, known...
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
15.5.2022
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities....
Hong Kong Police Arrest Conman After He Vanished With Over $191K Belonging to a Crypto Trader
13.5.2022
Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if the man had accomplices. No Funds Recovered...
Mining Capital Coin CEO accused of $62M investment fraud scheme
9.5.2022
“Capuci operated a fraudulent investment scheme and did not use investors’ funds to mine new cryptocurrency, as promised, but instead diverted the funds to cryptocurrency wallets under his control,” the DOJ stated
Report: Nigerian Trio Allegedly Uses Money Laundering Proceeds to Buy Bitcoins Worth Over $43 Million
2.5.2022
Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of moving an equivalent of over $215 million from Nigeria to Kenya between October and November 2020....
Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations
23.4.2022
Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted the allegations. It also insists it’s complying with Western sanctions imposed over Moscow’s invasion...
Report: California Governor Gavin Newson Accused Of Interfering In Activision Lawsuit
13.4.2022
California’s Department of Fair Employment and Housing (DFEH) recently lost the top two lawyers in its ongoing gender discrimination lawsuit against Activision Blizzard. The chief counsel was fired by the state governor, Gavin Newsom, while the assistant chief counsel resigned today in protest....
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits
3.4.2022
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered as “innovative companies,” to receive millions of dollars in tax preferences....
China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment
1.4.2022
Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually...
India Identifies 11 Crypto Exchanges Accused of Tax Evasion
28.3.2022
India’s tax authority first began seizing assets to address alleged tax evasion late last year
Report: Ori Studio Accused Of Being 'Oppressive,' 'Sexist' Workplace
18.3.2022
Moon Studios’ Ori games are some of the most excellent and beautiful platformers around. Some developers now claim that the same can’t be said for the founders of the studio that made them. According to a new report by VentureBeat, current and former developers say Moon could be an “oppressive”...
Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme
16.3.2022
Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high returns and a regular income to lure more victims....
Report: Israel Defense Ministry Seized Crypto Wallets Holding Hamas-Destined Funds
1.3.2022
Israel’s Defense Ministry seized cryptocurrency wallets holding funds that were destined for Hamas, a report has said. The wallets belonged to businesses that are associated with Al’matchadun currency exchange, which itself is accused of helping to funnel funds to Hamas. Seizure Order...
Accused Bitfinex Launderer Heather Morgan Might Be Offered a Plea Deal
28.2.2022
At Morgan’s arraignment on Monday, prosecutors told a D.C. judge that they’re in talks with the defense to find a “resolution” to the criminal case that would see Morgan avoid trial