Bitcoin crime: Sydney man stabbed his brother nine times over Bitcoin
The latest Bitcoin crime report on Tuesday has informed a 54-year-old Sydney man Warren Shane Collins, who reportedly stabbed his brother nine times after assuming he stole his cryptocurrency. However, Warren is reported to be mentally ill, but that didn’t stop the court from sentencing him to a maximum of seven years imprisonment. As The […]
Bitcoin escrow operator admits to committing a $3M scam
Cryptocurrency escrow manager, Jon Thompson, pleads guilty to fraud charges He scammed companies of $7 million via his escrow business He will be sentenced by next year A publication on Friday by the Justice Department has informed that the operator of two Bitcoin escrow companies, Jon Thompson, pleaded guilty for his involvement in a fraudulent […]
Maze ransomware hits U.S nuclear contractor: data leaked
U.S nuclear contractor hit by Maze ransomware Following a U.S nuclear contractor Maze ransomware attack, two offices of the US Treasury Department have issued advisories against ransomware pay-outs and state that they pose a threat to US national security. The Financial Crimes Enforcement Network (FCEN) has reminded crypto-processing companies of their obligation to file suspicious […]
Crypto terrorism: French police arrests suspected Islamic extremists
French police have rounded up 29 individuals who were said to be involved in crypto terrorism by funding extremist groups using digital assets. In the news that was reported by ABC News, the arrests were made in a bid to destabilize a high connection of crypto terrorism funding. The operation was said to be masterminded […]
Stripe pays $120K to resolve alleged connection with PlexCoin scam
US-based payment processing company Stripe will be paying $120,000 to resolve allegations stemming from the PlexCoin ICO scam. The allegations bought forward by the Massachusetts Attorney General’s Office (AGO) stated that the payment processor’s fraud prevention system failed to detect the illegal transactions made by the orchestrators of PlexCoin. PlexCoin ICO scam As Cryptopolitan previously […]
Bitcoin fraud: Serbian Deputy Prime Minister’s identity stolen
Bitcoin fraud using the likeness of a Serbian official uncovered on Instagram The person that goes by Melissa Brodbeck used the identity of Serbian Deputy PM to represent her business Serbian Government has issued a warning Recent bitcoin fraud has led to Serbian Deputy Prime Minister, Zorana Mihajlovic, Ph.D., become known abroad as a person […]
Global Trading Club operators charged for duping $1 million from investors
The United States derivatives market watchdog has reportedly charged Global Trading Club operators for allegedly running a fraudulent Bitcoin trading business. The regulator said that the investors were provided false information, which misled them to commit close to $1 million to the Global Trading Club operators. Amongst other things, CFTC seeks disgorgement of ill-gotten gains. […]
Irish crypto investors have lost over $3.5M to scammers since 2020
Cryptocurrency investors in Ireland are losing huge hard-earned money easily to fraudulent investment platforms, as scammers continue to flaunt a quick-to-profit scheme on digital currencies. About $3.5 million has been lost by Irish crypto investors to scammers in just this year. The national police fear that the number of victims and the money lost to […]
BitConnect Australian frontman receives a 7-year ban from offering financial services
After a long-time investigation, the Australian corporate regulator is placing a ban on BitConnect Australian frontman, John Louis Anthony Bigatton. This will prohibit Bigatton from offering any financial service whatsoever in the country for about seven years. Besides his involvement in BitConnect, the regulator discovered he was unfit to provide such services. ASIC places a […]
US gov’t wants $392.9M forfeiture order as part of OneCoin co-conspirator sentence
The United States authorities are currently seeking a forfeiture order against a convicted OneCoin co-conspirator, Mark Scott. He helped other OneCoin co-conspirators to launder $392,940,000 ill-gotten from their fraudulent cryptocurrency business. Scott was reportedly charged with the conspiracy to commit money laundering and bank fraud. OneCoin co-conspirator convicted of money laundering Citing the letter which […]
North Korean Hackers move $140,000 in Bitcoin from a DoJ red-flagged address
A cryptocurrency wallet that the United States Department of Justice (DoJ) believes is linked to the North Korean hackers has released nearly $140,000 in Bitcoin. The transaction today was spotted by Whale Alert, a digital currency transaction tracker. Recently DoJ filed a complaint to gain control of several accounts that reportedly belongs to the hackers. […]
Bitcoin scam: Google pulls work from Sykes over employees’ misconduct
American internet giant Google recently pulled a work it outsourced to Skyes’ Cebu branch in the Philippines to another local vendor, over a Bitcoin scam incident. The development stems from the bad behaviour of a few Sykes Philippines employees, who reportedly siphoned over $1 million by converting Google gift cards to the cryptocurrency. Sykes employees […]
Control Finance Operator gets $429M Penalty from CFTC
Commodity Futures Trading Commission has just slammed a $429 million lawsuit against Control Finance Operator. The Commission is still very much interested in making sure the founder of the alleged Ponzi scheme, Benjamin Reynolds, is brought to justice. Even though the owner of Control Finance Operator is presently nowhere to be found, the United Kingdom […]
Bitcoin scam: Police raised alarm after $430,000 was raked from 78 residents in Waterloo Region
More than a dozen residents from Waterloo Region have been caught in a Bitcoin scam, which was perpetrated through the cryptocurrency ATM machines, and fake phone calls. To that extent, the local police have been led to issue warnings to the residents, informing them on the phone call tricks. Bitcoin scams hit residents in Waterloo […]
DOJ frames charges against AirBit Club crypto scam founders
The U.S. Department of Justice has announced fraud charges against AirBit club crypto scam. The multi-million dollar Ponzi scheme took cash from investors and promised high crypto returns. Instead, the scamsters spent the finances lavishly on an expensive lifestyle. The filing mentioned that fraud charges are framed against five operators involved in the Ponzi operation. […]
Twitter hack raises massive security concerns
The recent Twitter hack in the middle of last month has gotten tongues wagging and rumors flying around as to how the security of the social media app was breached. It should be recalled that some high profile accounts were the victims as their accounts were compromised to host a scam Bitcoin giveaway. A small […]
Banana Fund: US authorities seize $6.5M in crypto from alleged Ponzi scheme
The United States Department of Justice (DOJ) has confiscated $6.5 million of cryptocurrencies from the operator of Banana Fund. The unnamed administrator allegedly plotted and conducted a scheme to defraud investors using “interstate wires.” The project was investigated by the US Secret Service that filed a forfeiture suit against the operator. Banana Fund The project’s […]
Chinese investor turned to scam after losing over $14K in crypto MLM scheme
Three digital currency traders in China were caught up in a fake crypto MLM scheme, losing thousands of dollars. To recoup the losses, the deceived investors launched another digital currency investment scam, which ended up gathering three times the initial amount lost in the fake digital currency scheme. Chinese investor lose 100,000 Yuan in fake […]
17-year-old suspected Twitter hacker own over $3million Bitcoin
After Graham Ivan Clark’s arrest, the 17-year-old boy suspected to have masterminded the recent Twitter hack, has been found to own over 3 million worth of Bitcoin assets. The suspected Twitter hacker attorney David Weisbor,d made the revelation about his client’s Bitcoin holding in a court hearing on Saturday. Clark reportedly has 300 Bitcoin, which […]
Bitcoin doubling scam on the rise as coin surges above key resistance
After months of volatility and trading in a downward zone, Bitcoin experienced what would best be termed a massive break as it saw its price skyrocket above $11,000. Coming with this massive price surge is the hype that followed while drawing in investors from around the globe. Given the interests that the digital asset has […]
Bitcoin ransom worth $4.5M paid to hackers by American transport firm
American travel firm CWT (formerly known as Carlson Wagonlit Travel), have been held to ransom by anonymous ransomware hackers forcing them to pay around $4.5 million Bitcoin ransom. The $4.5 million Bitcoin ransom was paid to the hackers after they launched a ransomware attack that led to the theft of piles of company documents and […]
Bitcoin ransom demanded to stop bomb explosion in Japan, Ukraine
Local reports in Japan revealed that the Numata Town Hall office, a government infrastructure in Hokkaido, an island in Japan, received bomb explosion threats after not giving any response to demanded Bitcoin ransom. The office earlier in the week was threatened to be bombed by an anonymous caller who claimed the bombs would be planted […]
Philippines govt official calls for help over Bitcoin scammers’ impersonation
A Philippines government official, Carlos G. Dominguez III, has asked for assistance from the country’s Department of Justice (DOJ) as Bitcoin scammers unauthorizedly flaunt his photos to dupe unsuspecting citizens. Following previous reports, the Philippines is likely facing increased crypto frauds, most of which claim endorsement from the government. Bitcoin scammers impersonate Dominguez to promote […]
Apple co-founder and 17 others sue YouTube over Bitcoin giveaway scam
Remember how Twitter quickly approached and managed the recent breach which flooded the platform with Bitcoin giveaway scams? Steve Wozniak is unsatisfied that YouTube isn’t taking that same haste to dissolve videos impersonating him to dupe people. Thus, Wozniak and many other affected victims have reportedly sued YouTube and its flagship company, Alphabet Inc. Apple […]
Bitcoin price falls after Twitter breach, $8,800 incoming?
As Twitter was hacked, the Bitcoin price fell to around $9,150 on July 15, 2020. The magnitude of the breach, observers note, is one of the biggest in the social media platform’s history. Elon Musk, Obama, Changpeng Zhao Twitter Accounts Hacked Elon Musk, Bill Gates, Barrack Obama, and even Joe Biden weren’t sparred. All, for […]
Twitter hack result of Twitter’s lax security, not Bitcoin
Following a devastating Twitter hack on Wednesday, that resulted in a hacker being able to infiltrate the service and gain access to several high-profile Twitter accounts to send fraudulent Bitcoin requests, lawmakers on both sides are pulling Twitter security apart. Bitcoin, surprisingly, has been spared from criticism this time. Since its inception, Bitcoin has often […]
South African BTC investment firm MTI rubbishes Texas scam allegations
The South African BTC investment firm named Mirror Trading International (MTI) is facing the heat from Texas State Securities Board (TSSB). Recently, the authorities had issued a cease-and-desist order by terming it a Ponzi scheme. Now, MTI refutes these allegations saying it runs genuine business activities. Johann Steynberg, the chief executive officer of South African […]
Coordinated social engineering behind the monumental Twitter hack
The massive Twitter hack story is developing strange contours as the social media giant struggles to contain the aftermath. On Wednesday, Twitter accounts of prominent world leaders, celebrities, crypto exchanges, and corporations were hacked to promote a Bitcoin scam. Victims included former US President Barack Obama, Israel Prime Minister Benjamin Netanyahu, Floyd Mayweather, Kanye West, […]
US attorney halts websites promoting fake COVID-19 Vaccine for $100 Bitcoin
While the world is curious to see a potential cure for the deadly coronavirus disease, scammers are taking advantage of flaunting fake COVID-19 Vaccine for cryptocurrencies. Most recently, a United States attorney was able to shut down multiple websites operated by a Louisville man. The man promotes fake COVID-19 Vaccine using several websites A report […]
US Army crypto tracing tool to aid cybercrime investigations
The US Army crypto tracing tools are ready to join cybercrime investigations. The increasing use of cryptocurrencies in cybercrime has shown the misuse of crypto technology. The privacy-focused coins meant to protect a user’s identity are often misused by malicious elements to cover their tracks. The principal investigative division of the US Army has decided […]
Bitcoin scammers rake in $24M in Q1 2020, report
A recently published report by crypto tracking and analysis firm Whale Alert shows that Bitcoin scammers have pocketed $24 million in the first quarter of this year, implying that no amount of crisis or slowdowns can deter them from deceiving people. From using the oldest trick in the book to finding the most innovative ways […]
Highly secure Bitxoe Bitcoin transactions coming soon
The upcoming Bitxoe Bitcoin transactions are going to be ultra-secure, as per the company’s latest statement. Bitxoe is a blockchain solutions firm that focuses on Bitcoin-related products. Bitxoe has announced that it is working on a product that will add more security layers to Bitcoin transactions. As Bitcoin enters the mainstream, the daily transaction volume […]
Double-spend RuneScape hack yields trillions of in-game currency
A recently unearthed RuneScape hack was exploited by the hackers to create trillions of in-game currency and later used it to purchase Bitcoin. The hackers were able to misuse the double-spend glitch and make trillions within the game. Subsequently, RuneScape community members are requesting game publishers to switch over to Bitcoin to avoid such vulnerabilities. […]
$147 million Bitcoin scammer still missing, CFTC plans to proceed case without him
Man, who operated a digital currency investment company three years ago, has gone into hiding after a supposed Bitcoin scam, which significantly raked thousands of the cryptocurrency belonging to investors. Since then, the US Commodity Futures Trading Commission (CFTC) could not locate him. Thus, it is planning to settle the pending matter without him. Over […]
Fake Joe Rogan Bitcoin giveaway scam scoops over $30,000 from unsuspecting investors
Cryptocurrency scammers are now using the names of celebrities and prominent figures as a strategic method to promote their fraudulent business, allowing them to dupe a high number of people. Recently, the names of two famous American figures were used in a fake Bitcoin giveaway scam, which scooped over $30,000. Scammers duped over $30K from […]
Bitcoin, not privacy coins, preferred choice in sextortion crypto scams
Sextortion crypto scams are nothing new as the privacy-quotient of the coins is often exploited for malicious gains. Though unfortunate, the use of crypto in illegal activities is also prompting the authorities to enact stricter guidelines and regulations. Bitcoin is the most widely used crypto in online crypto scams despite it not having the most […]
Illicit Philippines crypto firms on the rise, warns regulator
Fake Philippines crypto firms are on the rise. The securities regulator of the Philippines has warned investors in the country against unregistered and unregulated crypto firms. In an effort to make investors aware of the various crypto scams and illicit firms operating out of the country, it has named three firms specifically. These firms are […]
Most malicious chrome extensions come from the same origin, report suggests
Most Malicious Chrome extensions are operated by a single domain registrar and have been downloaded by millions of unsuspecting users. Malicious Chrome extensions have been plaguing the Chrome Web Store for quite a while now. These extensions affect crypto traders the most as the extensions usually imitate legit crypto wallets. Moreover, crypto traders have usually […]
$5.6 million Bitcoin scam: Lobbyist Jack Abramoff heads back to prison
Ex-convict, Jack Abramoff who was previously charged for one of the largest lobby scandals in Washington, will return to jail for his role in a Bitcoin scam. Abramoff will become the first person to violate a rule which was reportedly amended because of the previous crimes he committed. Abramoff charged for his role in $5.6 […]
PlusToken scam moves its last Bitcoins: Will it affect BTC price?
PlusToken scam has moved another batch of stolen Bitcoins from the hack address. However, a report suggests that it might be the last batch of bitcoins from the hack. PlusToken scam is one of the largest cryptocurrency Ponzi schemes to ever take place. The project was active in the region of China and South Korea […]
