Archive | investigation

Mt Gox CEO Mark Karpeles Lands New Job — CTO for Cryptocurrency Firm

The infamous former CEO of the now defunct bitcoin exchange Mt Gox, Mark Karpeles, is trying to start over with a clean slate in life. Karpeles has revealed to the media that he’s started a new C-level position as the Chief Technology Officer (CTO) for a firm called London Trust Media. The technology company invests […]

Coinsecure Announces Repayment Plan and Bounty for Stolen Bitcoins

Indian exchange Coinsecure has announced its plan to repay customers for stolen bitcoins as well as a 10 percent bounty to anyone who helps recover them. The exchange claims it was an inside job, and suspects its chief security officer of playing a role in siphoning off the money. Also read: Japan’s DMM Bitcoin Exchange Opens for […]

CEO of Korean Exchange Coinnest among Four Arrested for Fraud

South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects […]

US Bitcoin Trader Convicted for Illegal Money Transmission and Laundering

The U.S. government has been cracking down on individuals utilizing the peer-to-peer platform Localbitcoins. This week an Arizona resident named Thomas Costanzo was convicted for money laundering tied to over $164,000 worth of cryptocurrency trades. Also Read: Arizona Localbitcoins Trader Detained by U.S. Homeland Security Two Years Worth of BTC Trades Investigated The U.S. Attorneys Office […]

Onecoin Offices Raided in Sofia, Servers Shut Down

Bulgarian law enforcement agencies have raided the offices of Onecoin in Sofia as part of a multinational effort to neutralize what authorities call a “centralized cryptocurrency pyramid scheme”. Three million people may have been defrauded by the company which offers services on four continents, according to media reports. Bulgarian officials were diligent enough to note […]

Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M)

According to reports circulating on the web, the mining pool Nicehash was hacked today for allegedly 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen. Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges The Mining Pool […]

Court Ruling Grants the IRS Personal Data of 14,000 Coinbase Users

America’s Internal Revenue Service has gone fishing. Its target? Every single Coinbase user who ever placed a $20,000 trade. The huge dragnet exercise, spanning 2013-2015 and incorporating over 14,000 users, was awarded by a court yesterday, November 29. This is despite the best efforts of America’s largest bitcoin broker, which has fought back against what […]

Bitcoin Gold Addresses ‘Scam’ Wallet and Premine Endowment Process

On Monday November 20, the cryptocurrency-based hardware wallet manufacturer, Satoshi Labs, revealed that the Bitcoin Gold (BTG) network is now accessible through the Trezor beta wallet. Further, the BTG development team has recently revealed that the wallet “mybtgwallet” may be a scam, alongside information on the team’s premine endowment process. Also read: Internet Archive Adds Bitcoin […]

Tezos ICO Is Officially Under Investigation

A few days ago, it became painfully obvious that the Tezos ICO was going through a very rough patch. With an internal power struggle taking place, it is evident things will not be settled anytime soon. To make matters worse, there is now an official investigation underway against Tezos on behalf of various ICO investors. Things […]

UK Police Force Investigate the Defunct Mintpal Exchange and Owner

According to various reports, users of the now-defunct cryptocurrency exchange Mintpal have received an email from the UK’s Avon and Somerset Economic Crime Team. The team’s detective constable, Charlotte Suter, has stated the police force is currently investigating the trading platform’s demise. Also Read: A Look at Five Different Cryptocurrency Hardware Wallets and Prices Operation […]

The Bitcoin Gold Project Responds to Negative Criticism

Just recently news.Bitcoin.com reported on the alleged hard fork project, Bitcoin Gold, that’s supposedly scheduled to take place on October 25. We also we investigated the project further, while asking the lead developer some questions concerning this proposed fork. Now with only fifteen days left until the team tries to fork the bitcoin protocol, individuals […]