China has prosecuted nearly 100 individuals said to be involved with locally operating the OneCoin cryptocurrency scheme.
A 13-year old boy named Katlego Marite was abducted by kidnappers in eMalahleni, formerly Witbank, South Africa. A note with a Bitcoin (BTC) address was left at the scene specifying that a ransom of BTC 15 should be paid if the parents wanted to see their kid again. As of this writing, the ransom is […]
The Australian Competition and Consumer Commission (ACCC) announced on Monday that consumers lost more than USD 2.1 million to cryptocurrency scams last year, CoinDesk reported. Of this figure, the ACCC reported, consumers lost approximately USD 100,000 per month between January and September of 2017. These losses increased in December to USD 200,000 when Bitcoin price rose to […]
In an effort to prevent financial transgressions, the European Union now requires cryptocurrency exchanges to apply know-your-customer (KYC) policies, similar to that required by traditional banks in a move beneficial to the legitimacy of cryptocurrency trading. Crypto crime prevention The anonymity surrounding cryptocurrency trading is viewed by many as an enabler of fraudulent activities, money laundering, and terrorist financing. As […]
Texas’ securities regulator has issued a cease-and-desist to a crypto investment scheme that faked endorsements from high-profile individuals.
The Attorney General of the Southern District of New York has announced that the founders of the cryptocurrency-based company Centra Tech Raymond Trapani, Sohrab Sharma, and Robert Farkas, have been indicted by a grand jury. This essentially means that charges against the founders have been formalized and the case will proceed to trial. Centra Tech was […]
The U.S. Attorney for the Southern District of New York has announced that the co-founders of a Floyd Mayweather-backed ICO have been indicted.
A former U.S. Department of Justice section head has been hired to help drive sales of Bitfury’s Crystal, a blockchain tracking product.
Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit, over suspected fraud, according to a report.
Argentine entrepreneur Wences Casares, CEO of startup Xapo, has built a network of underground vaults on five continents for the purpose of storing Bitcoin, according to Moneyweb. Xapo’s security method is to bury encrypted computer servers in a mountainside and layer on electronic and physical safeguards. It is said the process to retrieve owners’ Bitcoins […]
China’s ministry of public security, in charge of all Chinese police forces, has built a blockchain application which stores evidence from police investigations. The technology, which was patented at China’s Intellectual Property Office in November 2017, takes police investigation data that is uploaded to cloud storage and puts it into a blockchain. This solves a […]
A jury will decide whether tokens issued through two allegedly fraudulent initial coin offerings (ICOs) count as securities.
A Texas regulator has issued cease-and-desist orders against two cryptocurrency schemes that it alleges are selling unregistered securities.
The website ‘Bad Packets Report’ has released a list of some 300 sites that have been compromised by “cryptojacking”, including Chinese hardware maker Lenevo. Coindesk reports that the site’s security adviser, Troy Mursch, wrote last week that the compromised sites had been infected by hackers installing a browser mining software which exploited an outdated version […]
The latest cryptojacking attack affects outdated versions of a major content management system.