Crime News

Robbers Unsuccessful With Raid on a Birmingham Bitcoin ATM
Robbers Unsuccessful With Raid on a Birmingham Bitcoin ATM
18 July 2019, 21:15

A group of three masked men failed to succeed after attempting to rob a Birmingham-based Bitcoin ATM according to a Daily Mail report, today July 18.

Post Hack — BitPoint to Refund 50,000 Affected Users
Post Hack — BitPoint to Refund 50,000 Affected Users
17 July 2019, 18:49
Bitpoint Japan exchange users will get their funds back after the security breach.
Morgan Hunt and Kim Hecroft to Pay Nearly $400,000 for Bitcoin Fraud
Morgan Hunt and Kim Hecroft to Pay Nearly $400,000 for Bitcoin Fraud
12 July 2019, 18:48
A Texas federal court has ruled that Morgan Hunt and Kim Hecroft will pay $400,000 for carrying out a fraudulent Bitcoin scheme while falsely impersonating the U.S Commodity Futures Trading Commission (CFTC)
$32 Million Stolen as Hackers Shutdown Bitpoint Exchange
$32 Million Stolen as Hackers Shutdown Bitpoint Exchange
12 July 2019, 06:49
Bitpoint exchange has suffered a security breach after hackers stole at least $32 million worth of XRP and other cryptocurrencies from their platform.
India to Train Police on How to Catch Crypto Fraudsters
India to Train Police on How to Catch Crypto Fraudsters
08 July 2019, 17:58
The Ministry of Home Affairs India has announced a 2-day course to train police officials on detecting illegal crypto activity.
Bitrue Exchange Loses Over $4 Million to Hackers
Bitrue Exchange Loses Over $4 Million to Hackers
27 June 2019, 09:20
Bitrue exchange lost 9.3 million XRP and 2.5 million ADA to a security breach on June 27, 2019. That would represent $4.01 million worth of Ripple (XRP) and $231,800 worth of Cardano (ADA) going by market prices.
Lake City Pays 42 BTC ($490,000) to Ransomware Gang
Lake City Pays 42 BTC ($490,000) to Ransomware Gang
26 June 2019, 17:53
Lake City on Monday agreed to pay the 42 Bitcoins ($500 million) ransom to ransomware attackers who invaded the region's computer systems.
Europol Arrests 6 People Behind $27 Million Crypto Theft
Europol Arrests 6 People Behind $27 Million Crypto Theft
26 June 2019, 16:28

Europol said in a Wednesday press release that it has finally arrested six people (five men and one woman) alleged to be behind a €24 million (appr. $27 million) cryptocurrency theft.

Eli and Assaf Gigi Arrested for Crypto Theft, $72m Bitfinex Hack
Eli and Assaf Gigi Arrested for Crypto Theft, $72m Bitfinex Hack
24 June 2019, 06:42
Israeli authorities arrested two brothers Eli and Assaf Gigi for using various schemes to steal cryptocurrencies from their victims.
CFTC Sues Benjamin Reynolds For $147 Million Bitcoin Ponzi Scheme
CFTC Sues Benjamin Reynolds For $147 Million Bitcoin Ponzi Scheme
18 June 2019, 21:52
The United States Commodity and Futures Trading Commission (CFTC) announced civil enforcement action against a U.K resident Benjamin Reynolds and his business, Control-Finance Limited.
U.K FCA Flags Fake Goldman Sachs and Swiss Investments
U.K FCA Flags Fake Goldman Sachs and Swiss Investments
14 June 2019, 18:19
The United Kingdom Financial Conduct Authority (FCA) today flagged two clone companies claiming to be Goldman Sachs and Swiss Investments
Regal Coin Promoter Divyesh Darji Declared Wanted in India
Regal Coin Promoter Divyesh Darji Declared Wanted in India
04 June 2019, 13:31

Authorities in India are reportedly in a hunt for Divyesh Darji, the alleged founder of the Regal Coin cryptocurrency that defrauded investors during the ICO boom in 2017.

Russian Police Arrests Founder of Crypto Ponzi with 300+ Victims
Russian Police Arrests Founder of Crypto Ponzi with 300+ Victims
29 May 2019, 18:52
Russia’s Ministry of Internal Affairs (MOI) closely worked with authorities in Kazakhstan to arrest the founder of a cryptocurrency-related Ponzi scheme that defrauded at least 300 investors.
Australian Govt. Worker Face Jail-term for Mining Crypto
Australian Govt. Worker Face Jail-term for Mining Crypto
21 May 2019, 21:27

The Australian Federal Police (AFP) confirmed in a May 21 press release that an unnamed 33-year-old man who formerly worked as an IT contractor for the government is set to appear before the Sydney Local Court today.

U.S SEC Halts $30 Million Argyle Coin as Ponzi
U.S SEC Halts $30 Million Argyle Coin as Ponzi
21 May 2019, 16:05
The United States Securities and Exchanges Commission (SEC) obtained a court order to halt the operations of Argyle Coin LLC because its owner is operating a $30 million Ponzi scheme.
Currency and Crypto Fraudsters Made $34 Million From U.K Residents
Currency and Crypto Fraudsters Made $34 Million From U.K Residents
21 May 2019, 09:39
Within the last financial year, the U.K Financial Conduct Authority (FCA) reports that victims lost £27 million ($34.2 million) to forex and crypto-related investment scams.
Alex Tapscott Fined $25000 by U.S SEC
Alex Tapscott Fined $25000 by U.S SEC
15 May 2019, 18:49

The United States Securities and Exchanges Commission (SEC) said in a May 14 notice that it had fined Canada-based blockchain entrepreneur, Alex Tapscott, and his firm NextBlock Global the sum of $25,000.

Binance Lose 7000BTC to Hackers in First Security Breach
Binance Lose 7000BTC to Hackers in First Security Breach
08 May 2019, 02:08
Leading cryptocurrency exchange, Binance confirmed in an update that it has witnessed its first large scale security breach, with hackers able to withdraw 7000BTC ($40.4 million) in a single transaction
Europol Seize Six-Figure Worth of Crypto from Dark Web Raid
Europol Seize Six-Figure Worth of Crypto from Dark Web Raid
04 May 2019, 02:19
A recent raid by the European Police authorities led to the arrest of three suspects as well as the seizure of cash worth €550,000 (appr. $616,600) and Bitcoin and Monero cryptocurrencies in the six-figure region.
Samoan Church Denies Deliberate OneCoin Involvement
Samoan Church Denies Deliberate OneCoin Involvement
03 May 2019, 08:30
The Samoan Independent Seventh Day Adventist Church (SISDAC) one of the two religious centres accused of collaborating with a fraudulent crypto project, OneCoin has quickly moved to deny the allegations.
Fowler and Yosef Charged for Illegal Banking with Crypto Exchanges
Fowler and Yosef Charged for Illegal Banking with Crypto Exchanges
01 May 2019, 19:38
The United States Department of Justice (DoJ) charged Reginald Fowler, a man residing in Arizona, and Ravid Yosef an Israeli woman for providing shadow banking services to several cryptocurrency exchanges.
Microsoft Outlook Breach; Hackers Stole 1BTC and More
Microsoft Outlook Breach; Hackers Stole 1BTC and More
30 April 2019, 18:11
Several weeks after hackers breached popular email service provider, Microsoft Outlook; recent reports show that cryptocurrency holders using the platform lost over 1BTC to the ugly incident.
Samoa Church Members Invested in Under Fire OneCoin
Samoa Church Members Invested in Under Fire OneCoin
26 April 2019, 17:19
Some members and ministers of the Samoa Worship Centre, a church in the Pacific nation of Samoa bought tokens from an allegedly fraudulent crypto project, OneCoin
Malta and the U.S Issues Fresh Guidelines on Crypto Frauds
Malta and the U.S Issues Fresh Guidelines on Crypto Frauds
25 April 2019, 21:45
The increase in the number of people falling victim to the activity of crypto fraudsters has led Malta and the U.S to add their name to the list of countries that recently issued guidelines on how to discover suspicious investments in the emerging industry.
Two Nigerians Indicted for Fraudulent 50BTC Scheme
Two Nigerians Indicted for Fraudulent 50BTC Scheme
25 April 2019, 11:24
The U.S government alleges that Onwuemerie Ogor Gift and Kelvin Usifoh generated at least 50BTC (approximately $400,000) from a fraudulent scheme between December 2017 and June 2018.
Secret Crypto Mining Farm with 25 Machines Busted in Brazil
Secret Crypto Mining Farm with 25 Machines Busted in Brazil
24 April 2019, 21:19
The Brazilian State Department of Drug Trafficking (Denarc) on April 23 stumbled on a secret bitcoin mining laboratory located in the region of Avenida Oscar Pereira, Porto Alegre.
$2.8 Million Case Marks New York’s First Crypto Money Laundering
$2.8 Million Case Marks New York’s First Crypto Money Laundering
24 April 2019, 17:29

According to a Wednesday press release by the Manhattan District Attorney’s Office, Callaway Crain, and Mark Sanchez, both New York residents pleaded guilty to selling controlled substances and laundering the proceeds through Bitcoin and Western Union payments.

Joel Ortiz Gets 10-Year Jail Term for $7.5 Million Crypto Theft
Joel Ortiz Gets 10-Year Jail Term for $7.5 Million Crypto Theft
23 April 2019, 10:08
Joel Ortiz, a 21-year old student of the Boston High School was handed a ten-year jail term for stealing cryptocurrencies worth roughly $7.5 million.
Lawsuit Wants 50% of Ben-Sasson’s Ownership in Starkware
Lawsuit Wants 50% of Ben-Sasson’s Ownership in Starkware
23 April 2019, 06:06
The allegations claim that Starkware’s major product which is a zero-knowledge protocol (STARK) that helps blockchain scaling, was developed with resources that Ben-Sasson collected from Technion.
Israeli Man, Afek Zard Indicted for $9 Million Dash Crypto Theft
Israeli Man, Afek Zard Indicted for $9 Million Dash Crypto Theft
21 April 2019, 20:29
Alexei Yaromenko has filed an indictment against, Afek Zard, his roommate who allegedly stole 74.990.74 DASH (appr. $9 million) from his crypto wallet.
P2P Bitcoin Exchanger Eric Powers to Pay $35000 Fine
P2P Bitcoin Exchanger Eric Powers to Pay $35000 Fine
20 April 2019, 13:24
Peer-to-peer Bitcoin Exchanger, Eric Powers, a resident of Kern County, California, will pay a fine of $35,000 and also lose any rights to work as a money services agent according to FinCEN.
Texas Regulators Issues Stop Order to Currency Exchange FxBitGlobe
Texas Regulators Issues Stop Order to Currency Exchange FxBitGlobe
10 April 2019, 19:12
Texas State Securities Commissioner, Travis J. Iles, has a taken an emergency action against, FxBitGlobe, a purported foreign and cryptocurrency exchange.
Jacob Burrell Gets 2-Year Jail Term for Illegal BTC Sales
Jacob Burrell Gets 2-Year Jail Term for Illegal BTC Sales
09 April 2019, 14:51
Jacob Burrell Campos, a Mexican and U.S citizen was handed a two-year jail term and ordered to forfeit $823,357 worth of profits gotten from running a one-man Bitcoin exchange business.
12 Arrested in South Korea for $18.7 Million Crypto Fraud
12 Arrested in South Korea for $18.7 Million Crypto Fraud
08 April 2019, 15:49
Authorities in South Korea has employed an AI tool to figure out the masterminds behind a cryptocurrency-related Ponzi scheme that defrauded investors of up to $18.5 million
Suspects in Ongoing $300m Crypto Fraud Case Get Interim Bail
Suspects in Ongoing $300m Crypto Fraud Case Get Interim Bail
04 April 2019, 21:07
Amit and Vivek Bharadwaj, as well as three other suspects (Ayush Varshney, Rupesh Singh, and Sanchit), are believed that be the masterminds behind GainBitcoin and other crypto-related schemes sometime in 2013
Canadian Court Asks Matthew Phan to Forfeit 281.41BTC Alleged Crime Profits
Canadian Court Asks Matthew Phan to Forfeit 281.41BTC Alleged Crime Profits
04 April 2019, 13:50
Judge Jane Kelly, a Superior Court Justice in Toronto, Canada ruled on April 3, that Matthew Phan, an online drug dealer, and dark web expert should relinquish his 281.41BTC (appr. $1.4 million) to authorities.
Ukrainian Arrested for Crypto Malware That Got 1.5 Million Visits
Ukrainian Arrested for Crypto Malware That Got 1.5 Million Visits
28 March 2019, 09:15
The cyber crime department of the Ukrainian Police said in a March 26 press release that they arrested a 32-year old resident of Bukovina alleged to be distributing malicious crypto-related software to the public.
CabbageTech’s McDonnell May Face 20 Years Imprisonment for Crypto Fraud
CabbageTech’s McDonnell May Face 20 Years Imprisonment for Crypto Fraud
27 March 2019, 23:06
The DoJ alleges that Patrick McDonnell defrauded ten investors of at least $194,000 in cash, 4.41 Bitcoin ($17,688), 206 Litecoin ($12,500), 620 Ethereum Classic ($2994), and 1,342,634 ($9398) Verge
DragonEX Hacked; Total Losses Unknown
DragonEX Hacked; Total Losses Unknown
26 March 2019, 17:50
Singaporean cryptocurrency exchange, DragonEX reported via its English Telegram group on Monday, March 25, that hackers breached its service the day before and stole a yet-to-be-determined sum in different cryptocurrencies
AriseBank’s Jared Rice Pleads Guilty to $4.2 Million Fraud Case
AriseBank’s Jared Rice Pleads Guilty to $4.2 Million Fraud Case
22 March 2019, 14:50

Jared Rice, the founder of the AriseBank Coin, has pleaded guilty to one count of securities fraud before a Federal Court in Dallas, implying that he lied to investors to collect around $4.2 million worth of cash and cryptocurrencies in a fake ICO.

Crypto Fund Manager Stefanos Papanastasiou Charged for $14.2 Million Losses
Crypto Fund Manager Stefanos Papanastasiou Charged for $14.2 Million Losses
19 March 2019, 21:12
Mr. Stefanos Papanastasiou allegedly traded Bitcoin and Ethereum for Alexiadis and some prominent business figures and lawyers in the lead up to the bull market run in late 2017.
Japanese Police Arrest 18-Year Old for $134,000 Crypto Theft
Japanese Police Arrest 18-Year Old for $134,000 Crypto Theft
15 March 2019, 18:20
The Japanese Police authorities have arrested an unnamed 18-year-old for executing a crypto theft worth $134,000, that led to the shut down of a local crypto wallet provider.
1Pool To Pay $990,000 For Illegal BTC Transactions
1Pool To Pay $990,000 For Illegal BTC Transactions
12 March 2019, 10:41
For failing to register with the CFTC and not enforcing AML laws, a court order has mandated 1Pool Ltd to payback an outrageous sum of $990,000
Is OneCoin a Pyramid Scheme? U.S Authorities Think So
Is OneCoin a Pyramid Scheme? U.S Authorities Think So
08 March 2019, 22:47
U.S authorities have arrested Konstantin Ignatov and his older Ruja Ignatova, the founders of multi-billion market cap cryptocurrency, OneCoin.
Australian Authorities Halt Two Crypto Exchanges; Arrests Drug Trafficker
Australian Authorities Halt Two Crypto Exchanges; Arrests Drug Trafficker
08 March 2019, 16:49
Two crypto exchanges halted in Australia for allegedly helping a drug trafficker move money around. Is this justified?
Wong Chin Kit Arrested By Hong Kong Authorities
Wong Chin Kit Arrested By Hong Kong Authorities
01 March 2019, 03:33
Wong Chin Kit, a Hong Kong-based crypto entrepreneur has reportedly been arrested by Police authorities alongside an unnamed 20-year old man.
“My Big Coins” Founder Charged For $6 Million Fraud
“My Big Coins” Founder Charged For $6 Million Fraud
28 February 2019, 09:29
Randall Crater is alleged to be the founder and principal operator behind “My Big Coins” a cryptocurrency scheme that defrauded investors through misrepresentations about its nature and value
Russia's HR Official Wants Deportation of Alexander Vinnik
Russia's HR Official Wants Deportation of Alexander Vinnik
26 February 2019, 14:34
After spending eighteen months in the custody of Greek authorities, Alexander Vinnik, an alleged $4 billion BTC fraudster may soon make a return to the Russian Federation.
Coinbin Halts Activities and Declares Bankruptcy
Coinbin Halts Activities and Declares Bankruptcy
25 February 2019, 14:15

The level of security offered by new crypto exchanges has once again been called into question after South-Korean based Coinbin said in an announcement that it was going offline because of “increased debt” and “government regulation.”

U.S Government Return Stolen Bitcoins To Bitfinex
U.S Government Return Stolen Bitcoins To Bitfinex
25 February 2019, 12:14
The $104,900 was redeemed to Bitfinex after U.S law enforcement agencies recovered funds that were stolen from the Bitfinex exchange during an infamous security breach in 2016
U.S FBI Shows How To Identify Fraudulent ICOs
U.S FBI Shows How To Identify Fraudulent ICOs
19 February 2019, 13:58
Based on its two-year experience in monitoring ICO schemes, the United States FBI just disclosed how to identify fraudulent projects easily.
Thai Investors Lose $1.2 Million To Fake Mining Site
Thai Investors Lose $1.2 Million To Fake Mining Site
19 February 2019, 09:50
An allegedly fraudulent cryptocurrency mining company has made away with 42 million baht ($1.34 million) worth of investor funds.
Indian Police Arrest 4 Crypto Crime Suspects — 1 Missing
Indian Police Arrest 4 Crypto Crime Suspects — 1 Missing
18 February 2019, 02:52
Four out of five alleged suspects who duped victims of roughly 1 billion rupees ($17 million) through a fake cryptocurrency—Cashcoin are now under custody.
Court Reverses Decision Involving SEC and Blockvest
Court Reverses Decision Involving SEC and Blockvest
14 February 2019, 22:40
The ongoing case between crypto startup, Blockvest LLC and the U.S SEC has taken a new turn according to a notice released today by the securities watchdog when court ordered Preliminary Injunction.
Turkish Police Arrest 24 Suspects For $2.3 Million Crypto Crime
Turkish Police Arrest 24 Suspects For $2.3 Million Crypto Crime
14 February 2019, 10:43
The Turkish Police earlier this week arrested 24 suspects allegedly involved in the hack of 3 million Turkish lira ($2.47 million) from an unnamed crypto firm.
Moshe Hogeg's Party Denies Fraud Allegations
Moshe Hogeg's Party Denies Fraud Allegations
11 February 2019, 13:33
Lawyers representing Moshe Hogeg issued a denial response to the $4.6 million fraud lawsuit against the Israeli crypto investor.
Texas SSB Shut Down 16 Fraudulent Crypto Projects
Texas SSB Shut Down 16 Fraudulent Crypto Projects
08 February 2019, 15:04
The Texas State Securities Board (SSB) said it sanctioned 16 fraudulent crypto related schemes in 2018 involving 60 different entities.
BakktPlatform.io is Fake
BakktPlatform.io is Fake
07 February 2019, 22:54
A fake platform mimicking the Bakkt Bitcoin Futures Trading platform has seen its cover blown. Bakktplatform.io is a fake Bakkt.
MCash To Pay Back $6 Million To Chinese Investor
MCash To Pay Back $6 Million To Chinese Investor
07 February 2019, 11:15
Antony Liu and Mengxian Zhang, the men behind MCash token, has been found guilty of duping by a New York district court and ordered to pay $8 Million to Lijun Sun.
Selling QuadrigaCX May Be Last Option To Settling Debts
Selling QuadrigaCX May Be Last Option To Settling Debts
06 February 2019, 03:00
The lawyers in charge of the court case involving crypto exchange, QuadrigaCX could resort to selling off the business to raise money to pay off victimized users
Beware MAC Users; A New Crypto Malware Is in Town
Beware MAC Users; A New Crypto Malware Is in Town
01 February 2019, 14:07
Hackers have created a new malware dubbed CookieMiner with MAC users the primary targets. Here's how the illegal hacker tool steals user data.
Stolen $11.4 Million IOTA Tokens Found
Stolen $11.4 Million IOTA Tokens Found
31 January 2019, 14:09
Millions of IOTA tokens that were purportedly stolen in January 2018, by a U.K resident is now with European Authorities
Togacoin Blacklisted By Italian Regulators
Togacoin Blacklisted By Italian Regulators
28 January 2019, 22:28
Togacoin, a crypto project which claims to focus on creating a “new generation of mining operations” has received a warning from the Italian Securities Regulator, Commissione Nazionale per le Società e la Borsa (CONSOB).
Top 5 Crime Reports in Crypto This Week
Top 5 Crime Reports in Crypto This Week
28 January 2019, 15:27
In this article, we reveal the top five crime reports in crypto this week with Initial Coin Offerings and the hack of peer-to-peer crypto exchange, LocalBitcoins among the most prominent.
$8 Million IBCoin Promoters Arrested in Taiwan
$8 Million IBCoin Promoters Arrested in Taiwan
28 January 2019, 00:21
Fifteen men behind IBCoin, a fake cryptocurrency used to dupe over thirty people in Taiwan of up to $8 million, are now under the custody of the Taiwanese Criminal Investigation Bureau (CIB).
LocalBitcoins Hacked
LocalBitcoins Hacked
26 January 2019, 20:26
Peer-to-peer bitcoin exchange, LocalBitcoins, was hacked by an unauthorized source, today Jan 26, resulting in loss of bitcoins held by users on the platform
Moshe Hogeg Sued For $4.6 Million Fraud
Moshe Hogeg Sued For $4.6 Million Fraud
25 January 2019, 18:11
Stox Founder Moshe Hegeg is currently facing a $4.6 million lawsuit filed by a Chinese investor, Zhewen Hu at a Tel Aviv District Court on Jan 24.
Europol Arrest $11m Crypto Theft Suspect
Europol Arrest $11m Crypto Theft Suspect
25 January 2019, 13:37
European Union law enforcement agency, Europol has reportedly caught up with a 36-year old British man alleged to be the mastermind of $11 million crypto theft in early 2018
SEC Database EDGAR Hacked By Ukrainian
16 January 2019, 20:59
The U.S SEC on Tuesday charged two Ukrainian natives, Oleksandr Ieremenko, 26, and Artem Radchenko, 27 as well as eight other stock traders for an alleged insider trading that took place in 2016. Ieremenko and Radchenko hacked into the SEC’s corporate filing system known as Edgar and made away with “market-moving corporate earnings news” that should not be made public profiting up to $4.14 million during that period
Spanish Regulators Mark 23 Forex and Crypto Sites
15 January 2019, 20:53
The Spanish National Securities Market Commission (CNMV) has updated their blacklist of warned crypto websites
Cricket South Africa Twitter Promoted BTC Scams
15 January 2019, 20:04
The official Twitter account of South Africa’s national cricket organization (CSA) was compromised and came under the control of scammers for more than five hours.
Fake Coinbase Scam Promoted by FEB twitter
11 January 2019, 20:15
Hackers targeting unsusceptible crypto users were at it again on Wednesday, this time hijacking the official Twitter account of the Federation of Enterprises in Belgium (FEB) and turning it into a fake Coinbase promotion account.
Australia Freezes BitConnect Promoter's Assets
08 January 2019, 11:18
A little less than one year after BitConnect, a cryptocurrency based Ponzi scheme was busted, its chief representative, John Biggaton is facing a fresh Federal Court case filed by the Australian Securities and Investments Commission (ASIC).
UPbit Executives Defend Latest Fraud Indictment By Prosecutors
24 December 2018, 21:03
Two senior staff including the founder of UpBit Chi-Hyung was recently charged by the Prosecutors’ Office of the southern district of Seoul in South Korea for alleged fraudulent activities that happened on their exchange late last year.
FSMA blacklisted 113 crypto trading sites
FSMA blacklisted 113 crypto trading sites
19 December 2018, 23:14
On Tuesday, Belgium’s Financial Services and Markets Authority (FSMA) added 14 websites to its blacklist of scam crypto sites, bringing the total number of website addresses on the list to 113
Bitsurge and Green Energy Certificates Marked As “Fake”
18 December 2018, 17:30
The Commissione Nazionale per le Società e la Borsa (CONSOB), a regulatory body for the Italian securities market has caught up with two allegedly fraudulent crypto investment schemes - Bitsurge Token and Green Energy Certificates.
AriseBank’s executives settled SEC charges for $2,5 m.
AriseBank’s executives settled SEC charges for $2,5 m.
12 December 2018, 22:57
According to SEC press-release CEO Jared Rice Sr. and COO Stanley Ford “were accused of offering and selling unregistered investments in their purported “AriseCoin” cryptocurrency by depicting AriseBank as a first-of-its-kind decentralized bank offering a variety of services to retail investors.” and settled for $2,5 million.
CoinAlpha Advisors Fined $50,000 By SEC
CoinAlpha Advisors Fined $50,000 By SEC
10 December 2018, 18:36
The U.S Securities and Exchanges Commission (SEC) has compelled CoinAlpha Advisor LLC, a crypto fund manager to pay $50,000 in fines for carrying out an unregistered securities sale to investors.
SEC Fines Mayweather and Dj Khaled For Promoting ICO
SEC Fines Mayweather and Dj Khaled For Promoting ICO
30 November 2018, 21:26
For promoting Centra ICO and failing to comply with securities law, the U.S SEC fined Floyd Mayweather to pay $300,000 in disgorgement, $300,000 as a penalty and $14,755 in interests. Dj Khaled faces a more favorable penalty with $50,000 to be paid for disgorgement, $100,000 as a penalty and $2725 in interest.
Bitcoin Wallets Sanctioned By OFAC
Bitcoin Wallets Sanctioned By OFAC
30 November 2018, 08:36
Ali Khorashadizadeh and Mohammad Ghorbaniyan, the men collaborating with a crypto-targeted ransomware attack have been sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). For the first time in an OFAC sanction notice, the release included the bitcoin wallet addresses.
Colorado Division of Securities Shuts Down 4 ICOs
Colorado Division of Securities Shuts Down 4 ICOs
23 November 2018, 21:48
Colorado Division of Securities Shuts Down 4 ICOs and crypto projects: Credits LLC, Crowdshare Mining, Global Pay Net and CyberSmart Coin Invest
Fraudulent ICO with ties to Russia Hit With Cease-and-Desist Order in North Dakota
Fraudulent ICO with ties to Russia Hit With Cease-and-Desist Order in North Dakota
22 November 2018, 18:50
North Dakota securities regulators have haunted down the Union Bank Payment Coin (UBPC) impersonating a Union Bank AG, a commercial bank based in Liechtenstein
Founder of U.S First ICO Fraud Case Pleads Guilty
Founder of U.S First ICO Fraud Case Pleads Guilty
19 November 2018, 19:29

Maksim Zaslavskiy, the mastermind behind the first case of fraudulent ICO in the U.S has told a court in the Eastern District of New York (Brooklyn), that he is guilty of the offense.

EtherDelta founder fined by SEC
EtherDelta founder fined by SEC
08 November 2018, 23:07

The U.S Securities and Exchanges Commission has charged and heavily fined, Zachary Coburn, for setting up a digital trading platform that allows traders to buy and sell tokens that have been marked as 'securities’ by the regulators.

11 Arrested for Bitcoin Hack worth $80k
11 Arrested for Bitcoin Hack worth $80k
05 November 2018, 15:06

The arrest of 11 suspects has now been confirmed by the Cybercrime Department of the Turkish National Police. According to the Turkish Corps who carried out the operations claims that the victims hacked several crypto accounts and made away with Bitcoin with $80,000. The news confirms what earlier reported was on Friday, Nov. 2. By Hürriyet, a major Turkish newspaper.

5 years jail time for BTC selling in US
5 years jail time for BTC selling in US
30 October 2018, 21:08
On Monday, October 29 Department of Justice (DOJ), U.S. Attorney’s Office Southern District of California issued a press-release stating that Jacob Burrell-Campos, 21 years was charged statutory maximum: 5 years prison, $250,000 fine. Also Burrell agreed to forfeit to the United States a total of $823,357.00