The Chinese have been taking over the crypto news section following the fast-paced development of the digital yuan. However, the scams and the hacks continue to outshine the progress the crypto industry is making in the country. The latest news from the Asian country revealed that the formulators of a Ponzi scheme were sentenced by […]
Crypto Scam
Hackers Demand Monero Through Trump’s Campaign Website
This year, many people across the globe have been denounced by the abject pandemic. The crypto industry was also subject to immense treachery. A lot of dirt was thrown at the industry, as some fraudsters were looking bag some easy money. With the value of crypto assets hitting new heights, hackers sought Bitcoin and other […]
BitMEX Switches Up Leadership Following CFTC Allegations; CTO Samuel Reed Released
Just last week, prominent cryptocurrency exchange, BitMEX made its way under the spotlight following a series of charges from the government of the United States. After publicly denying the accusations, the exchange recently released a blog post highlighting the change in leadership at the firm. Defendants Step Down From Their Respective Roles The parent company […]
Court Dismisses Kik’s Summary Judgement Plea And Rules In Favor Of The SEC
Several platforms that have ventured into the world of cryptocurrencies have undoubtedly been subject to scrutiny. With lawsuits slapped across many ventures in the verse, a latest ruling proved to be unfavorable for a Canadian platform. Kik Loses $100 Million ICO Lawsuit Social media platforms entering the crypto industry is not new. Prominent Canadian messenger […]
Estonia Gets Caught up in Cryptocurrency Scam as the Financial Intelligence Unit Launches Investigation
Ever since Bitcoin came to the forefront as the next big revolution in the financial space, the ecosystem around it has been mired in controversies. The latest reports have now shown that the integration of the crypto industry into national agencies was still not enough to keep the scammers away. According to recent investigations by […]
Bulgarian Crypto Exchange Busted For Conning 900 Americans In A Multi-Million Dollar Money Laundering Scheme
While pioneers see the Fintech world as a hotbed for innovation, some people see it as a mere opportunity for exploitation. Using blockchain tech, cryptocurrencies have been rolled out to the world more than a decade ago. Some viewed this as a leeway from the hindrance of the centralized system that the world is running […]
$150M In Bitcoin Compromised On Singapore-Based KuCoin Exchange
Hacking into cryptocurrency exchanges seems to have caught the attention of several fraudulent individuals. As the value of cryptocurrencies has been on a surge, hackers have been prying into the industry looking for easy money making ways. Prominent cryptocurrency exchange, KuCoin is the latest to fall prey to a hack. Nearly $150 Million In BTC […]
Crypto Once Again Caught Up With The Darknet Following DOJ’s Latest Drug Bust
The crypto industry has been striving to steer clear of its association with the darknet. However, this connection between the two has once again resurfaced, following a recent bust by the United States’ Department of Justice [DOJ]. The Big Drug Bust Opioid has been a pressing problem for the United States of America. With many […]
Florida Court Dismisses Craig Wright’s Summary Judgment Plea
Apart from claiming to be the creator of Bitcoin, Satoshi Nakamoto, Craig Wright continues to make it to the headlines over his billion-dollar Bitcoin case. The latest updates regarding the case highlight the denial of Craig Wright’s recent motion. A Set Back For Self-Proclaimed Bitcoin Creator? The District Court for the Southern District of Florida […]
US Treasury Sanctions Two Russians Involved in Crypto Phishing Attacks
The United States Department of Treasury announced sanctions against two Russian nationals for their involvement in phishing campaigns in the year 2017 and 2018. According to the official press release, the accused reportedly targeted customers of two US-based and one foreign-based cryptocurrency exchanges. The two individuals sanctioned namely, Danil Potekhin and Dmitrii Karasavidi are being […]