Posts in category

Crime


The U.S. Securities and Exchange Commission (SEC) is once again taking action against a co-founder of the PlexCoin cryptocurrency project, having previously sued him over securities violations and fraud in 2017. On June 15, the SEC obtained an emergency court order – unsealed on June 18 – to freeze the assets of Dominic Lacroix, who the agency called …

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A former Indian legislator who was allegedly involved in a $1.3 million bitcoin extortion case has been declared a “proclaimed offender” by a local court. According to The Indian Express, a sessions court in Ahmedabad granted an application from the state Criminal Investigation Department (CID) on Monday to declare Nalin Kotadiya an absconder from justice. According to …

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A group of hackers has allegedly colluded with computer maintenance firms in China to hack into computers owned by internet cafes to mine cryptocurrency. According to a local news report on Saturday, police in Rui’An city in Zhejiang province arrested 16 suspects who, it’s claimed, have gained 5 million yuan ($800,000) by hacking more than …

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Ukrainian authorities have arrested four individuals suspected of running fake cryptocurrency exchanges, the nation’s federal police force announced Saturday. The National Police of Ukraine claimed in a press release that the suspects were arrested for operating as many as six fraudulent cryptocurrency exchange platforms. Cybercrime officials are still looking at the sites to establish how …

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A pair of bills submitted to Michigan’s state legislature would make it a crime to illegally alter a blockchain record. One of two bills presented earlier this month by state representative Curt WanderWall tweaks the state’s penal code pertaining to those who “makes, alters, forges or counterfeits a public record.” Under the proposed legislation, this …

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A Los Angeles bitcoin trader faces more than two years in jail for having operated what prosecutors say is an illegal money transmitting business. Fifty-year-old Theresa Tetley, who worked under the name “Bitcoin Maven,” made at least $300,000 a year from trading bitcoin on Localbitcoins.com between 2014 and 2017, according to NBC Los Angeles. She also made …

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Coinrail, a crypto exchange based out of South Korea, said on Sunday its platform was hacked with cryptocurrencies that appeared to worth $40 million at the time of the event. According to Coinrail’s website, the exchange has already suspended its service to conduct system maintenance since it has suffered from what it calls a “cyber …

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A South Korean police department has said it will bring charges against cryptocurrency exchange Coinone over its provision of margin trading, a report says. According to a Yonhap report Wednesday, the cybercrime investigation unit of the country’s southern provincial police department alleged that Coinone’s crypto margin trading is, in effect, offering illegal gambling that could be used …

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A South Korean police department announced on Thursday it is sending investigations on crypto exchange Coinone to prosecutors for bringing charges against the platform over its provision of crypto margin trading, report says. According to Korean news agency Yonhap, the cyber crime investigation unit of the country’s Southern provincial police department alleges Coinone’s margin trading …

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A judge in the U.S. District Court for the Southern District of Florida has reopened a case involving cryptocurrency startup Coinbase and the now-defunct exchange service Cryptsy. Cryptsy collapsed in early 2016 amid allegations of fraud and mismanagement and claims that it had been hacked and subsequently drained of its funds. That decline – preceded …

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Hackers who stole information on thousands of Canadian bank users have demanded $1 million-worth of the cryptocurrency XRP to not release the data trove. According to a CBC News report Tuesday, the two banks hit by the breach, Bank of Montreal and CIBC’s online bank Simplii Financial, have said that the personal information of a total of …

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Blockchain services provider Bitfury has hired an 11-year veteran of the U.S. Department of Justice to lead the American push of its bitcoin blockchain tracking product, Crystal. Bitfury announced Friday that Michael DuBose, who led the DoJ’s Computer Crime and Intellectual Property section from 2000-2011, will be joining the firm as president of Crystal USA, …

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Prosecutors in South Korea have reportedly raided the largest cryptocurrency exchange in the country, UPbit. According to CoinDesk Korea, investigators from the Prosecutors’ Office of the southern district of Seoul, the country’s capital, searched the head office of the exchange in the Gangnam-gu district on May 10-11. UPbit is suspected of fraud for allegedly selling cryptocurrency …

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A jury will decide whether tokens issued through two allegedly fraudulent initial coin offerings (ICOs) count as securities, a U.S. district court judge said Tuesday. Businessman Maksim Zaslavskiy is accused of violating anti-fraud and registration provisions of federal securities laws after launching two token sales that officials say defrauded investors. He pled not guilty in early December …

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The Texas State Securities Board (TSSB) has issued cease-and-desist orders to two bitcoin investment schemes that it alleges are selling unregistered securities and making fraudulent claims to the state’s residents According to one order lodged on Tuesday, the securities regulator takes aim at a company called Forex EA & Bitcoin Investment LLC and two individuals associated …

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Hackers have injected hundreds of websites running the Drupal content management system with malicious software used to mine the cryptocurrency monero. This latest incident was uncovered by Troy Mursch, the security researcher behind the website Bad Packets Report. He wrote Saturday that more than 300 sites had been compromised by hackers who installed the browser …

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Iceland’s 600 missing bitcoin mining machines may be in China, local news reported last week. According to RUV, Icelandic police have sent Chinese authorities an inquiry after the latter country confiscated 600 mining computers. Police in the Tianjin area reportedly seized the machines after detecting unusually high electricity consumption, per Xinhua News. The Chinese news agency explained …

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British business tycoon Richard Branson spoke out Thursday about the rash of bitcoin scam stories that have used his name to lure victims. “I have written several times warning people about the growing problem of fake stories online linking me to get-rich-quick schemes, fake pages, misleading ads, false endorsements and fake binary trading schemes,” Branson …

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Police in the Indian state of Andhra Pradesh have ordered hotels to deploy a new blockchain security solution developed by local startup Zebi. According to a Medium post from the startup published last Friday, the product merges blockchain and artificial intelligence (AI) to securely store data about hotel guests – aimed to both bring convenience …

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U.S. District Judge Paul Oetken rejected digital retail giant Alibaba’s trademark lawsuit against the Alibabacoin Foundation at the end of April, court filings show. Alibaba failed to show that the District Court from the Southern District of New York has jurisdiction over the Alibabacoin Foundation, according to the ruling. The company first brought the suit …

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