Tag Archive: crime

  • Bitcoin, News, News teaser

    Italian Woman Jailed for Bitcoin Murder Plot

    An Italian woman was sentenced to six years in a Danish prison for hiring a hitman with Bitcoin to murder her boyfriend. We truly live in an age of convenience. One can order clothes, food, and entertainment online with extreme ease. Of course, this also means that it’s becoming that much easier to purchase unsavory things online, such as illicit narcotics, stolen passwords, and even a murder or two. Which is what happened when an

    · December 16, 2017 · 5:30 am
  • Bitcoin, News, News teaser

    Woman Arrested for Sending $60,000 in Bitcoin to ISIS

    A woman in Long Island has been arrested and charged for sending about $150,000 to the terrorist group ISIS. Of that amount, roughly $60,000 was in Bitcoin and other cryptocurrencies. Bitcoin and other virtual currencies offer people an economic system that lies outside the purview of national governments and banks. As with any other means of economic capital, virtual currencies can be used for things that are good and those that are bad. A mark

    · December 15, 2017 · 2:30 pm
  • Ethereum, News, News teaser

    Man Robbed of $1.8 Million in Ether at Gunpoint

    A New Jersey man learned that the contents of your crypto wallet can be stolen in more than one way as he is kidnapped at gunpoint and then robbed of $1.8 million in Ether. When one normally hears of a crypto wallet being emptied, it’s because of some nefarious hack, such as what hit NiceHash about a week ago. Yet there’s more than one way to skin a cat, so they say. A man in

    · December 14, 2017 · 1:00 pm
  • Bitcoin, Bitcoin Acceptance, News, News teaser

    Media Hyperventilates and Dubs Owner of Bitcoin ATMs the Bitcoin Bandit

    In the never-ending cycle of mainstream news casting the worst possible light upon Bitcoin, the owner of a UK Bitcoin ATM company has been dubbed the Bitcoin Bandit due to his criminal past. Mainstream coverage of Bitcoin has always been pretty checkered. While some media outlets undertake responsible journalism to understand what cryptocurrency is and why people are flocking to use it, other outlets prefer to tie Bitcoin to criminal gangs, drug purchases, and money

    · December 12, 2017 · 3:15 am
  • Bitcoin, News, News teaser

    German Parcel Bomber Issued €10 Million Bitcoin Blackmail Demand

    The mailing of a parcel bomb to a pharmacy forced the evacuation of a Christmas market in Germany. The bomber sent a message to theglobal delivery firm, DHL, demanding a ransom of €10 million in bitcoins.  Fear During the Holiday Season The bomb, assembled with explosive powder from Polish fireworks, screws, nails, and a detonator, was addressed to a pharmacy next to the Potsdam Christmas market last Friday. It also had a QR code for depositing

    · December 8, 2017 · 6:00 am
  • Altcoins, Bitcoin, Bitcoin Security, Bitcoin Wallet, Companies, News, News teaser

    Hackers Steal Over $75 Million in Bitcoin from NiceHash

    Slovenia-based NiceHash, the cryptocurrency mining marketplace where users can rent their unused hashing power, announced on Wednesday that they had been hacked, resulting in a loss of funds estimated to be worth more than $75 million USD at current Bitcoin prices. Massive Security Breach The announcement, made via social media, indicated that NiceHash had suffered a massive security breach during which hackers were able to compromise the company’s payment system and steal the contents of both NiceHash’s

    · December 7, 2017 · 2:30 pm
  • Bitcoin, News, News teaser

    Hackers Hit North Carolina County Government and Demand Two Bitcoin Ransom

    The county government of Mecklenburg, North Carolina, has been hacked, leaving their server files being held for a ransom of 2 bitcoins. One of the growing problems for businesses and governments today is having their electronic files hacked and held for ransom. Last month, computer hackers targeted the Sacramento Regional Transit system, resulting in 30 million files being deleted. The ransom price demanded by the hackers for that attack was a single bitcoin. Now that

    · December 6, 2017 · 4:00 am
  • Bitcoin, Bitcoin Exchange, News, News teaser

    Police Arrest Three Bitcoin Traders in Kenya

    Police in Kenya arrest three Bitcoin traders on charges of money laundering by using stolen money to purchase cryptocurrency. There are some definite advantages to using cryptocurrencies like Bitcoin, such as anonymity and ease of use. Of course, one of the main benefits of digital currency is that anybody, no matter where they are in the world, can be an active participant in the crypto economy. But there are times when the advantages of Bitcoin

    · December 6, 2017 · 1:45 am
  • Bitcoin Investment, Bitcoin Security, Companies, News, News teaser

    SEC Cyber Team Shuts Down Fraudulent ICO

    Initial coin offerings have become one of the most popular and easy ways to raise money online through cryptocurrencies. But ICOs have also become a popular way for fraudsters to scam people as the SEC recently showed by filing suit against the ICO by PlexCorps. ICO: A Threat to Venture Capital Firms? Early stage startup funding has been steadily declining over the last couple of months. The main reason behind this is the rapid rise of

    · December 5, 2017 · 12:30 am
  • Bitcoin, News, News teaser

    Hackers Demand a Single Bitcoin in Ransomware Attack

    Computer hackers target the Sacramento Regional Transit system and demand a whopping ransom of a single Bitcoin. There have been quite a few major stories concerning technology in 2017, such as the meteoric rise in the value of Bitcoin. Another huge feature of the past year has been the sheer number of ransomware attacks by hackers. Now the Sacramento Regional Transit system is the latest victim, but it appears that the hackers responsible don’t need

    · November 22, 2017 · 7:00 am
  • Bitcoin, Bitcoin Exchange, News, News teaser

    Programmer Gets 16 Months Jail Time for Bitcoin Laundering Scam

    Yuri Lebedev, an immigrant from Ukraine, was sentenced to 16 months of jail for his role in a Bitcoin scam that used an illegal Bitcoin exchange, Coin.mx, for laundering money for a global hacking ring. No matter how smart or lucky a criminal is, they usually end up facing the long arm of the law. The latest perpetrator to face justice is Yuri Lebedev, a Florida programmer who had emigrated to the US from Ukraine

    · October 23, 2017 · 7:00 am
  • Japanese Cryptocurrency Exchange Manager Arrested For Ripple Fraud News, News teaser, Ripple

    Japanese Cryptocurrency Exchange Manager Arrested For Ripple Fraud

    The manager and operator of Japanese Ripple exchange Ripple Trade Japan has been arrested for allegedly defrauding a customer for ¥1.4 million ($12,470) with potentially further charges pending. Yuki Takenaka, a 31-year-old head of Ripple Trade Japan allegedly defrauded a man from the Miyagi Prefecture of Japan back in March 2015, knowingly allowing him to deposit funds despite the fact that the company was foundering and unable of processing refunds. According to police, Takenaka, a resident of Kyoto has

    · October 19, 2017 · 12:00 pm
  • Bitcoin, News, News teaser

    Police in New Delhi Arrest Gang Robbing Bitcoin Buyers

    A group of six individuals in New Delhi, India, have been arrested by the police for robbing people that they had convinced were buying Bitcoin with actual cash. Just when you think it’s safe to buy Bitcoin and other digital currencies, you hear horror stories about being robbed in some sort of online scam or Ponzi scheme. The decentralized nature of cryptocurrency means that those looking to get involved in it must do their due

    · October 1, 2017 · 10:00 pm
  • 20 Year-Old British Model Kidnapped; Nearly Auctioned for Over $350k in Bitcoin Bitcoin, News, News teaser

    20 Year-Old British Model Kidnapped; Nearly Auctioned for Over $350k in Bitcoin

    A horrifying, real-life version of Taken almost happened in July as a young 20-year-old woman was kidnapped to be sold into sexual slavery for Bitcoin. What was supposed to be a photo shoot in an exotic city turned instead into a horrifying ordeal for a young woman. British model Chloe Ayling, age 20, was sent by her modeling agency to Milan, Italy, for a photo shoot to be part of an upcoming ad campaign. Instead

    · August 7, 2017 · 8:00 am
  • Chinese Yuan Bitcoin, Bitcoin Businesses, Bitcoin Exchange, Bitcoin Regulation, News, News teaser, Trending

    Chinese Court Awards Damages Against OKCoin, Says It Operates Illegally

    A Chinese civil court has awarded damages against the parent company of popular bitcoin exchange OKCoin, saying the business is improperly registered and facilitates criminal money-laundering. Also read: Network Engineer Tries to Thwart UK Bill That Plans to Expand Surveillance State It is the first major court ruling against a bitcoin exchange in China, which could have ramifications for other Bitcoin businesses in the country. The decision was actually published online in China on July 29,

    · August 13, 2016 · 11:01 pm
  • Bitcoin Regulation, News teaser

    Ross Ulbricht Trial to Start Tuesday

    The original Silk Road was taken down over a year ago and the trial its supposed founder will start Tuesday. The man the FBI arrested for running the first online marketplace was a computer geek and libertarian, named Ross Ulbricht. Ulbricht is facing multiple charges, including drug trafficking and money laundering to hacking and criminal enterprise. In the two years, the site was operational; it was reported it earned over 80 million dollars in bitcoins,

    · January 13, 2015 · 9:00 pm