Sunday, April 21, 2019

Danish Man Faces Over 4 Years in Prison for Laundering $450K With Bitcoin

A 33-year old Danish man has been sentenced to four years and three months in jail for laundering over $450,000 in Bitcoin (BTC), tech news agency The Next Web reports April 8.Citing a...

Financial Watchdog Receives Petition Against Crypto Exchange Over Account Closures

Estonia-based crypto firm Paxful Inc. has been accused of defrauding thousands of Nigerian investors out of millions of dollars worth of cryptocurrencies through allegedly arbitrary account closures.The news was reported by local media...

Belgium’s Financial Watchdog Updates Crypto-Related Blacklist to Total of 120 Websites

Belgium’s Financial Services and Markets Authority (FSMA) has updated a blacklist of crypto-related websites associated with fraud, according to an official statement on April 4.Following a previous crypto-related scam blacklist update in December...

Canadian Police Freezes Assets of FUEL Token Issuers due to Alleged $22 Million Fraud

Canadian police have frozen assets of the founders of blockchain consulting firm Vanbex, which raised $22 million in an alleged fraudulent initial coin offering (ICO). The development was reported in a court document...

Meet the 21-Year-Old Entrepreneur Trying to Sell His Failed ICO on Ebay

The bear market has not been easy on the crypto market, especially when it comes to initial coin offerings (ICOs). The demand for small-value tokens issued by relatively unknown projects — some of...

Crypto Exchange HitBTC Appeals to Cryptography in Dispute With Altcoin BTCP

Cryptocurrency exchange HitBTC appealed to the specificity of its cryptography in an ongoing dispute with the team behind altcoin Bitcoin Private (BTCP). The post was published on HitBTC’s blog on Tuesday, March 26.The...

Android Malware Targets Users of 32 Crypto Apps, Including Coinbase, BitPay

A new strain of Trojan malware for Android phones is targeting global users of top crypto apps such as Coinbase, BitPay and Bitcoin Wallet, as well as banks including JPMorgan, Wells Fargo, and...

Analysts Claim CoinBene Transactions, Recent Activity ‘Consistent’ With Exchange Hack

Data scientists at blockchain infrastructure firm Elementus have published details of recent transactions from crypto exchange CoinBene that they consider to be suspect, beginning with $105 million in crypto swiftly being moved out...

YouTube Reportedly Runs Malicious Ad for Bitcoin Wallet Electrum by Accident

Video-sharing platform YouTube purportedly ran a malicious advertisement for Bitcoin (BTC) wallet Electrum by mistake, according to a Reddit post published on March 26.Viewers interested in the advertisement were redirected to a malicious...

Alleged CabbageTech Crypto Fraudster Indicted on Nine Counts

United States Attorney for the Eastern District of New York Richard P. Donoghue unsealed a nine-count indictment against Patrick McDonnell today, according to a press release from the Department of Justice (DoJ) on...