Crypto Scam

Bitfinex ordered to freeze $860,000 in bitcoin linked to a ransomware payment.

The crypto exchange Bitfinex and blockchain analysis firm Chainalysis traced back nearly a million-dollar funds in bitcoins back to a ransomware payout. England and Wales High Court has ordered Bitfinex to freeze the address and share its KYC (Know...

OneCoin scam co-conspirator is trying to get his sentencing postponed.

Co-conspirator of one of the largest crypto scam, Mark Scott, is trying to get his sentencing postponed until April 21st. Mark was convicted on two counts of conspiracy to commit bank fraud and the conspiracy to commit money laundering....

Accused bitcoin launderer Alexander Vinnik has been extradited to France.

According to the Tass report, the operator of WEX Alexander Vinnik has been extradited to France. Vinnik was arrested in July 2017 in Greece while he was on a vocation. His lawyer told reporters on January 23 that Vinnik...

Two arrested for stealing $711,000 in bitcoins from an exchange in Japan.

According to local news reports, Tokyo's Metropolitan Police Department's cybercrime unit arrested Yuto Onitsuka and Takuma Sasaki on computer fraud charges. The duo is suspected of stealing worth $711,000 worth of bitcoins from the Tokyo-based crypto exchange CoinExchange.   It was...

SEC charges a blockchain company for conducting an illegal ICO.

The US SEC has alleged that Opporty International raised approximately $600,000 from nearly 200 investors in an illegal ICO. The blockchain company sold OPP Tokens, which are unregistered digital asset securities, according to the US SEC.   Opporty lied about being...

US SEC charges two Canadians for conducting a fraudulent $30 million ICO.

The US Securities Exchange Commission (SEC) has indicted the conspirators behind the Blockchain Terminal's Initial Coin Offering that raised over $30 million. Edith Pardo, 68, and Boaz Manor, 46, are Canadian citizens, and Manor has served four years in...

Canadian regulators set guidelines for crypto exchanges after multiple scams in the country.

The Canadian Securities Administration published a notice saying that they plan to outline the difference between exchanges that immediately deliver the digital asset or crypto coin to the user, and those that hold them in a custody-like arrangement for...

Bitcoins worth $2.8 billion were laundered via crypto exchanges in 2019.

A major blockchain analysis firm, Chainalysis, recently published a report revealing that bitcoins tainted with crime worth $2.8 billion were laundered via crypto exchanges. The firm suggests that crypto exchanges could have caught illicit bitcoin through KYC measures.   More than...

Crypto exchange Upbit resumes ETH deposits and withdrawals months after the security breach.

The South Korean crypto exchange Upbit suffered a major hack back in November 2019 in which a hacker or a group of hackers managed to steal 34,000 ETH worth $50 million at that time. The exchange since had suspending...

Coinbase settles a three-year-old class-action lawsuit for $1 million.

According to the CoinDesk report, both parties reached a settlement later last month. Coinbase has agreed to turn nearly $1 million to the plaintiffs. The lawyers of the plaintiffs had earlier won 11,325 BTC from this previous case.   Court yet...

Latest News

Bitcoin finally breaks above the $9,000 mark.

The first month of 2020 has been quite good for bitcoin bulls as they managed to push through the...