Search
The CFTC Files Complaint Against Crypto Trading Company
26.9.2020
The United States Commodity Futures Trading Commission (CFTC) on Thursday, September 24, filed a complaint against crypto dealing Paxforex for allegedly soliciting or accepting business from US customers without relevant registration. According to a report, the CFTC wants a U.S. court to stop...
Indian Police Probe Crypto Exchange and Founders Allegedly Running a Scam
25.9.2020
Delhi police are reportedly investigating a cryptocurrency exchange and its executives allegedly duping Indian investors after receiving multiple complaints. The complainants further say the company has moved office overseas without returning their investments. Police Investigate Crypto Scam After...
US Indicts 2 People Stealing $17M in Bitcoin and Ether From Binance, Poloniex, Gemini Users
21.9.2020
Two people have been charged in the U.S. for allegedly using “a sophisticated market manipulation scheme” to defraud and steal $17 million in bitcoin and ether from users of three cryptocurrency exchanges worldwide. The targeted exchanges were Binance, Poloniex, and Gemini. Binance...
Binance sued for allegedly facilitating money laundering with 'lax KYC'
15.9.2020
Binance’s lax KYC requirements are creating more legal problems for the exchange
US Sanctions Russians Allegedly Using Cryptocurrency to Influence Presidential Election
12.9.2020
The U.S. has sanctioned several Russian nationals, a Ukrainian lawmaker, and their cryptocurrency addresses for interfering with the country’s electoral process. The Russians are allegedly employees of a troll factory that previously targeted presidential candidates. Operations to Interfere...
South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex
5.9.2020
A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC)...
Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case
3.9.2020
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May...
Ciphertrace Allegedly Builds Monero-Tracing Tools, XMR Proponents Disagree
31.8.2020
The blockchain surveillance firm Ciphertrace claims to have created the “world’s first” monero tracing tools for law enforcement. According to the company announcement, Ciphertrace developed forensic tools for the U.S. Department of Homeland Security (DHS) in order to track...
Australian racing groups probe firm allegedly involved in OneCoin
29.8.2020
Phoenix Thoroughbreds may need to wait before racing again
Ripple Sued by 13 Australian Banks for Trademark Infringement
29.8.2020
Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the Reserve Bank of Australia and 13 domestic banks, claims that Ripple copied...
US authorities go after 280 crypto accounts allegedly tied to North Korea
27.8.2020
Two Chinese crypto exchanges allegedly lost millions of dollars to North Korean hackers
Sources Say World’s Largest Darknet Empire Market Exit Scammed, $30 Million in Bitcoin Stolen
26.8.2020
One of the world’s largest darknet markets (DNM), Empire Market, allegedly exit scammed after the marketplace was taken offline for a number of days this week. DNM patrons are upset about Empire Market’s departure and customers say that $30 million in bitcoin held by the darknet’s...
Biggest Darknet Market Allegedly Exit Scams USD 30M In Crypto - Report
26.8.2020
Leading darknet market Empire Market has reportedly shut down its operations, exit scamming the site’s estimated 1.3 million users out of some bitcoin (BTC) 2,638, worth close to USD 30 million.
Reported by dark.fail, a journalist specialized in covering the darknet, the development comes with...
Major Korean crypto exchange seized after 99% trading volume allegedly faked
26.8.2020
Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won
Onecoin Allegedly Tied to Racehorse Firm, Phoenix Thoroughbreds Removed from France Galop Race
21.8.2020
Last week the firm Phoenix Thoroughbreds was reportedly banned from horse racing in France over the founder’s alleged involvement with the crypto Ponzi scheme Onecoin. Last November, Onecoin cofounder Konstantin Ignatov, the Cryptoqueen’s brother, told New York prosecutors Phoenix...
Uber Exec Allegedly Concealed 2016 Hack With $100K BTC ‘Bug Bounty’ Pay-Off
21.8.2020
A former CSO is accused of trying to conceal Uber’s involvement in a 2016 data breach by paying the hackers $100K in Bitcoin
US Says North Korea Has 6,000 Hackers: Many in Belarus, China, India, Malaysia, Russia
20.8.2020
North Korea allegedly has about 6,000 hackers, many of whom operate abroad, according to a recent report published by the U.S. Army. The infamous Lazarus Group, thought to be linked to a number of cryptocurrency exchange hacks, is among them. North Korea’s Bureau 121 The U.S. Army recently...
US Prosecutors Attempt to Seize Bitcoin Allegedly Tied to Al Qaeda
13.8.2020
The U.S. Department of Justice is trying to seize bitcoin from 155 addresses it alleges were used by Al Qaeda to fund terrorism
Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold
9.8.2020
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently...
Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning
8.8.2020
A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get...