Tag Archive: crime

  • Coincheck NEM laundered Altcoin News, Bitcoin Exchange, Bitcoin Security, News, News teaser

    Half Of Coincheck ’s Stolen NEM May Have Already Been Laundered

    Hackers involved in the high-profile Coincheck heist earlier this year may have successfully converted half of the stolen NEM tokens into other digital currencies. Hung out to Dry As reported by Japan Today, hackers involved in the large-scale Coincheck heist may have utilized the anonymous “dark web” — which has proved troublesome to investigators trying to track the stolen cryptocurrency then valued at roughly $547 million. According to a cybersecurity expert, hackers created a website

    · March 19, 2018 · 9:30 am
  • Florida Department of Citrus manager arrested for crypto mining Altcoin News, Bitcoin, Mining, News, News teaser

    Squeezed! Florida Department of Citrus Employee Arrested for Mining Cryptocurrencies

    A manager with the Florida Department of Citrus was arrested on charges of grand theft for using state resources for mining cryptocurrencies. A common joke is that government employees can waste a great deal of taxpayer money and never get in trouble. Such is not the case with a manager with the Florida Department of Citrus, who found himself in hot water with law enforcement. The manager was recently arrested by the Florida Department of

    · March 17, 2018 · 4:00 am
  • US Marshals auctioning 2170 bitcoins Bitcoin, Bitcoin Investment, News, News teaser

    US Government to Sell Over 2,000 Seized Bitcoin at Auction

    2,170 bitcoins, worth more than $24 million, are up for auction as the U.S. Marshals Service plans on selling off digital assets seized in federal crimes. With the value of Bitcoin continually predicted to increase, this might prove to be a lucrative opportunity for investors on the sidelines to cautiously make regulation-insured purchases. Bitcoin to the Highest Bidder The U.S. Marshals Service has announced that they will be auctioning off approximately 2,170 bitcoins, currently worth

    · March 6, 2018 · 4:30 am
  • Iceland bitcoin mining computer heist Bitcoin, Hardware, Mining, News, News teaser

    Thieves Steal 600 Bitcoin Mining Computers

    The largest theft in Iceland’s history occurred recently when thieves stole 600 computers that were used for Bitcoin mining from data centers. When one hears of a crime ring pulling off major heists, the least likely location for such a circumstance would be the island nation of Iceland. The sparsely populated country of 348,680 people is most famous for being the birthplace of Bjork. However, Iceland was recently hit with its biggest crime wave ever

    · March 3, 2018 · 5:00 am
  • Bitcoin seller gets jail time Bitcoin, Bitcoin Regulation, News, News teaser

    Bitcoin Seller Gets a Year of Jail Time

    A man from Pennsylvania has been sentenced to spending a year and a day in federal prison for selling $1.5 million in Bitcoin to undercover federal agents. A person selling Bitcoin face-to-face with strangers may worry about being robbed by criminals. Such instances are becoming a bit more common as the acceptance and use of the cryptocurrency continues to go up. A man from Pennsylvania found himself in a tight situation by selling Bitcoin, but

    · March 1, 2018 · 12:30 pm
  • Malaysian police arrest Bitcoin mining equipment thieves Bitcoin, Hardware, Mining, News, News teaser

    Malaysian Police Arrest Gang of Bitcoin Mining Equipment Thieves

    Police in Malaysia have arrested 9 individuals that were involved in the theft of Bitcoin mining machines, amounting to over $250,000 USD. Those that engage in the world of cryptocurrency have increasingly become the targets of criminals. The usual case of criminal mischief is of a person buying or selling virtual currency being robbed of the cash they’re carrying. Now it appears that Bitcoin mining equipment is no longer safe. Police in Malaysia have just

    · February 28, 2018 · 8:00 am
  • First Bitcoin robbery in Taiwan Bitcoin, News, News teaser

    Taiwan Sees First Bitcoin Robbery, Suspects Arrested

    Taiwan has seen its first Bitcoin robbery as three men stole 18 bitcoins from the victim. Police were later able to apprehend the criminals. It seems that the cryptocurrency world is getting more dangerous. Every week, a new story comes out about an exchange getting hacked or a company getting cryptojacked. However, the buying and selling of bitcoins can lead to physical violence as a number of incidents have recently shown. The latest example of

    · February 22, 2018 · 4:00 am
  • Chicago trader steals over $2 million in cryptocurrency Altcoin News, Altcoins, Bitcoin, Companies, News, News teaser

    Chicago Trader Steals Over $2 Million in Bitcoin and Litecoin Cryptocurrency

    A Chicago trader is facing up to 20 years in prison for stealing over $2 million in Bitcoin and Litecoin cryptocurrency from his employer. Most 24-year-olds would be quite happy to be attached to a new cryptocurrency unit for a major financial entity. That’s not a bad career path for someone who previously worked as a cryptocurrency trader in South Korea before joining Consolidated Trading LLC to become an assistant bond trader in July 2016.

    · February 17, 2018 · 10:30 am
  • Optioment Bitcoin scam Bitcoin, Bitcoin Investment, Companies, News, News teaser

    Optioment Bitcoin Scam Triggers Europe-Wide Manhunt

    After possibly thousands of investors got burned by arbitrage-trading company Optioment last year, Austrian authorities have asked Interpol to help track down the fraudsters responsible for the Bitcoin scam. Another Bitcoin Scam Burns Buyers European authorities are on the hunt for criminals involved in defrauding thousands of individuals and losing over $100 million worth of investors’ Bitcoin. According to reports, Optioment ran a now-defunct website while holding large-scale events in Austria — in which the

    · February 16, 2018 · 10:30 am
  • Bitcoin scam artist arrested in UAE Bitcoin, News, News teaser

    Bitcoin Scam Artist Who Conned $545K Arrested in UAE

    A Bitcoin scam artist in the United Arab Emirates who fleeced a victim of $545,000 was arrested, and the stolen money was actually recovered. It seems that some new Bitcoin scam comes along every week. One recent example is of a person claiming to be a crypto celebrity who will send you double the cryptocurrency you’ll send to their wallet. Another is a straight theft of fiat that’s to be used to purchase cryptocurrency. It’s

    · February 14, 2018 · 12:00 pm
  • Bitstrade Bitcoin Investment, Bitcoin Regulation, Companies, News, News teaser

    New Jersey Cracks Down on Fraudulent Bitstrade

    Following the fallout from fraudulent Ponzi-scheme Bitconnect’s demise, New Jersey has officially ordered cryptocurrency investment entity Bitstrade to stop offering unregistered and fraudulent securities in the state. New Jersey regulators have uncovered yet another fraudulent cryptocurrency investment company. The announcement comes by way of Attorney General Gurbir S. Grewal and the Division of Consumer Affairs and has been ordered by the Bureau of Securities after an investigation found Bitstrade to be in violation of New

    · February 11, 2018 · 7:00 am
  • Bitcoin, News, News teaser

    Feds Seize $4.7 Million in Bitcoins in Fake ID Sting

    Nearly $5 million worth of Bitcoin used in a large-scale fake ID operation has been seized by federal authorities in Ohio. Bitcoins for Fake IDs According to the Associated Press, federal authorities in Ohio seized $4.7 million in bitcoins and hardware following an investigation into a large-scale, online fake ID operation. Toledo resident Mark Simon was arrested on February 8th for making and transferring falsified identification documents, after the investigation into numerous fake IDs popping

    · February 10, 2018 · 3:45 am
  • Bitcoin, News, News teaser

    Masked Gunmen Steal ‘Fortune’ in Bitcoin in Daylight UK Robbery

    The very first UK Bitcoin robbery occurred when four armed men broke into a home and forced a crypto trader to transfer a “fortune” in Bitcoin. The meteoric rise of Bitcoin over the course of 2017 featured a number of positive effects. A lot of people made a good deal of money, and media and public interest in cryptocurrency reached new heights. However, a downside to such attention is that criminals now see physically stealing

    · January 28, 2018 · 9:00 am
  • Bitcoin, News, News teaser

    FBI Warns About Bitcoin Murder Scam

    A new extortion scheme has caught the attention of the FBI in which a Bitcoin scam is undertaken through an emailed death threat. There are lots of ways that crooks try to extort money from their victims via the internet. Some of their tricks of the trade include sending infected emails or remote hacking. However, a new extortion attempt is proving to be downright scary and has attracted the attention of the FBI. Basically, the

    · January 27, 2018 · 7:00 am
  • Bitcoin, Bitcoin Businesses, News, News teaser

    Ottawa Police Hunting for Armed Bitcoin Robbery Suspects

    Police in Ottawa, Canada, are on the manhunt for armed Bitcoin robbery suspects who staged an attempted daylight robbery of a Bitcoin financial business. The world of crypto can become a dangerous place at times. This usually occurs when someone ventures out to personally buy bitcoins from an buyer they do not know, all the while carrying quite a bit of cash. Yet even a cryptocurrency business is not a safe guarantee, as was evident

    · January 25, 2018 · 8:00 am
  • Bitcoin, News, News teaser

    Hong Kong Bitcoin Trader Attacked and Robbed of $180,000 USD

    A man in Hong Kong was the victim of a Bitcoin robbery as thieves stole $180,000 USD in cash he was planning to buy the cryptocurrency with. What is it about the prospect of making money by buying and selling cryptocurrency that makes people lose their common sense? The latest example of this phenomenon took place in Hong Kong. A man looking to buy bitcoins was lured into an ambush by criminals, in which he

    · January 19, 2018 · 3:30 pm
  • hack Altcoin News, Altcoins, News, News teaser

    Stellar Lumens Lifted in Blackwallet Hack

    Where to store your cryptocurrency can be a dilemma, especially when articles like this appear. With more digital currency entering the marketplace, hackers and cyber criminals are upping their efforts to steal it. It what could be considered a virtual bank robbery, online wallet provider Blackwallet was hacked over the weekend. The incursion resulted in the loss of over $400,000 of Stellar Lumens from customers’ accounts. It was reported that the group hijacked the server

    · January 16, 2018 · 3:45 am
  • Bitcoin, News, News teaser

    Pay Up or Else! Indiana Hospital Latest Victim of Ransomware Attack

    Hancock Regional Hospital in Indiana is the latest victim of a ransomware attack by hackers who are demanding a payment in bitcoins. Technology is definitely a two-edged blade. The lightning-fast speed offered by the internet allows for people to connect instantly with each other from all over the world. Movies can be streamed, video conferences attended, and online games played due to the innovations made in tech over the last twenty years. On the flip

    · January 14, 2018 · 7:15 am
  • Altcoin News, Altcoins, Bitcoin, News, News teaser, Silk Road

    Criminals Have Found an Alternative to Bitcoin

    Many people believe that Bitcoin is the preferred currency of criminals, but experts think that criminals are dropping Bitcoin for other digital currencies. The Rise of Privacy Coins In the last couple of years, deep web markets have risen in popularity. The major appeal of such darknet markets is the ability to obtain illegal goods like drugs and weapons in an anonymous way. But the recent technological advancements of law enforcement agencies has made purchasing goods

    · January 4, 2018 · 4:00 am
  • Legislation, News, News teaser, Silk Road

    The Dollar Far Outstrips Cryptocurrency in Illicit Activity Usage

    A recent panel held by the US Senate Judiciary on modernizing anti-money laundering laws found that only a small percentage of illicit activity spending is done through cryptocurrency. If there’s one thing that media outfits love to do is hype up the drama and intrigue, especially when it comes to cryptocurrency. Most mentions of virtual currencies are usually accompanied by a blurb about how criminal groups use cryptocurrency for nefarious reasons. Of course, the Dark

    · January 3, 2018 · 11:30 am
  • Bitcoin, Bitcoin Exchange, News, News teaser

    Pavel Lerner, Kidnapped Exmo Managing Director, Free After Paying $1 Million Ransom in Bitcoins

    Exmo’s Pavel Lerner was kidnapped in Kiev on December 26th, shortly before the company fell under DDOS attack. He has just been freed after paying a ransom of over $1 million in bitcoins. Many media reports came out this week concerning the news that Pavel Lerner, Managing Director at bitcoin and cryptocurrency exchange Exmo, had been kidnapped. After a few days of speculation, we can now report that Lerner is alive and unharmed. He was

    · December 29, 2017 · 3:45 pm
  • Bitcoin, News, News teaser, Technology

    Crypto Cybercrime to Climb in 2018

    The popularity and resultant price surge of Bitcoin and its ilk will become a magnet for cybercrime and hackers vying to get an illicit profit from it in 2018. The price to be paid for the success of cryptocurrencies is the tsunami of crime and malevolent activity that will follow. In many cases, the crime wave has already begun. According to reports earlier this month, the SEC announced that it had shut down the Plexcoin ICO for

    · December 24, 2017 · 5:00 am
  • Bitcoin, Bitcoin Price, Bitcoin Security, News, News teaser

    Insurance Companies Blame Bitcoin for Ransomware Increase

    Insurance companies, such as Chubb, are making a ransomware Bitcoin correlation, saying that the cryptocurrency’s rising price is leading to more ransomware attacks. Few things are as aggravating as having to pay a criminal ransom in order to gain access to your own files. Ransomware attacks have targeted everything from major corporations down to a local transit authority, and they’re increasing in frequency. Some of the insurance companies who have to deal with the fallout

    · December 23, 2017 · 9:00 am