Crypto’s record-breaking year sees spike in kidnappings and ransom schemes
A rise in ransomware, kidnappings and extortion shows the growing risks faced by crypto traders and investors as the sector expands. Go to Source
Bitcoin crime
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Bitcoin FUD: 6 common arguments from BTC skeptics during bull markets
When Bitcoin soars into a bull market, skeptics cling to fear, uncertainty and doubt. Are you prepared to repel these FUD claims? Go to Source
FBI Arrests 2 Men Planning ‘Violent’ Robbery of Bitcoin Worth Millions of Dollars — They Face 20 Years in Prison
The Federal Bureau of Investigation (FBI) has arrested two men who participated “in a violent plan to break into a family’s home in the middle of the night” to steal bitcoin worth tens of millions of dollars,” according to the U.S. Department of Justice. They could go to prison for 20 years. 2 Men Charged … Read more
Bitfinex-backed LEO soars to record high on supply crunch expectations
The token surged almost 70% in a day after the U.S. Department of Justice announced that it had recovered most of the stolen funds from the 2016 Bitfinex hack. Go to Source Powered by WPeMatico
Indian Police Arrest ‘Cashcoin’ Gang Accused of Scamming Millions From Investors
Police in Mumbai have busted a gang allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $14 million). The gang targeted people by launching a cryptocurrency called Cashcoin and sold it to investors, promising to double their money. Also Read: Indian Blockchain Summit Draws Policy Makers to Speed up Crypto Regulation … Read more
Hebron Resident Accused of Laundering Millions From Stolen Credit Cards With Bitcoin
The Tel Aviv District Court has received today an indictment against Halmi Git, a 33-year-old from the Palestinian city of Hebron, for a wide-ranging affair involving the management of forums for the sharing and sale of stolen credit card details. His forums have allegedly involved about 1,300,000 users from around the world, leading to massive … Read more
Alleged British Bitcoin Scammer Extradited to US for Defrauding Over $36 Million
The FBI has announced on Friday that Renwick Haddow, a 49-year old UK national, has been extradited to the US from Morocco to face charges at the Southern District Court of New York. He is accused of defrauding more than $36 million from victims by making material misrepresentations and misappropriating investment funds in two companies, … Read more
Bank Hackers Set up “Enormous Network” to Mine Bitcoin for Laundering Money
Europol has revealed that an international group of cyber criminals, which has stolen over a billion dollars from multiple banks by hacking their ATMs, has been using cryptocurrency as a means to conduct money laundering. The information was made public after cooperation by investigators from all over the world led to the arrest of the … Read more
Europol: Hardcore Criminals Are Shifting From Bitcoin to Monero, Zcash and Dash
A multitude of representatives of law enforcement agencies from around the world have talked about the use of bitcoin by criminal elements, sometimes revealing ignorance about cryptocurrencies in the process. Now it appears that Europol at least is trying to go deeper, learning about various altcoins and how they can be used too. Also Read: … Read more
Indian Police Forces Break up Gang Praying on Bitcoin Investors
The incredible bitcoin price rally this year has attracted a lot of new people to the cryptocurrency world, many of them just looking to make a quick buck without understanding too much what they are getting into. Naturally this kind of situation attracts criminals that look to exploit it, the most recent example being a … Read more
