Thursday, May 23, 2019

FBI and Israeli Police Take Down Bitcoin-Enabled Darknet Listings Site

Israeli police and the United States Federal Bureau of Investigation (FBI) have arrested at least two men and reported others in a takedown of a bitcoin-enabled dark web listings site, the Israeli police...

Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7.Per Binance, hackers employed...

French Regulatory Agency Sees 14,000% Surge in Crypto-Related Scam Enquiries Since 2016

The French stock markets regulator AMF has seen over a 14,000% surge in enquiries related to fraudulent crypto offers in 2018 as opposed to 2016, the agency wrote in a new annual report...

Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3.In a statement obtained by the...

Vanbex Founders Sue Former Contractor for False Statements That Firm Was a Scam

Canadian blockchain firm Vanbex has filed a lawsuit against its former contractor for spreading false and defamatory statements about the firm, as Vanbex announced on May 1.On March 14, Canadian police froze personal...

New Zealand Churches Deny Affiliation With Crypto Ponzi Scheme OneCoin

A New Zealand church accused of colluding with a cryptocurrency Ponzi scheme in targeting the congregation, has denied knowingly participating in illegal activity in a Facebook statement on May 2.The Samoan Independent Seventh Day Adventist Church...

Hackers Used Microsoft Email Accounts to Steal Users’ Cryptocurrency, Report

In worsening news for users of Microsoft’s email services like Outlook, Hotmail and MSN, several cryptocurrency holders affected by a recent hack allege that the hackers responsible stole their crypto, as reported by...

$4.3 Million Lost as Crypto Scams in Australia Rise 190% in 2018

A 190% increase in cryptocurrency scams saw Australian consumers lose $6.1 million Australian dollars ($4.3 million) in 2018, according to a report released by the country’s Competition and Consumer Commission on April 29.The substantial rise...

13-Count Indictment Filed Against Two Men for Allegedly Fraudulent BTC Investment Scheme

A 13-count indictment has been filed in the United States District Court in Portland, Oregon, charging two men with the theft of 10.88 bitcoin (BTC) worth roughly $59,000 as part of an allegedly...

At Least 95 Percent of Crypto Crimes Involve Bitcoin, Chainalysis Executive Says

At least 95% of cryptocurrency crimes investigated by law enforcement involve bitcoin (BTC,) the co-founder and COO of Chainalysis told Fortune on April 24.Jonathan Levin, whose company offers investigation software for law enforcement to pursue...