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Alleged Bitcoin Ponzi Scheme Assets Frozen as US Judge Grants Injunction

News A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million. In a filing with the United States District Court in Nevada dated Dec. 6, Judge Jennifer A. Dorsey ruled in favor of the Co..

Pennsylvania Man Charged With SIM Swap Conspiracy to Steal Crypto

News United States authorities have charged a Pennsylvania man with conspiracy to commit wire fraud and extortion via a series of SIM swaps targeting cryptocurrency execs and investors. SIM-swapping — alternatively known as a port-out scam — involves the theft of a cell phone number in order to hi..

Russia: Darknet Marketplace Plans $146M ICO for Global Expansion

News Russia’s largest darknet marketplace is looking to raise $146 million in a token offering that would allow it to go global. As Forklog reported on Dec. 11, the token sale is almost certainly illegal — in this case not merely for flouting securities laws or other financial regulations. “A ne..

Ugandan Police Hold Director of Alleged $2.7M Crypto Ponzi Scheme

News Ugandan police have seized Samson Lwanga, one of the directors of the alleged cryptocurrency pyramid scheme Dunamiscoins Resources Limited. As domestic news publication Daily Monitor reported on Dec. 9, the police arrested Samson Lwanga, one of the four directors of Dunamiscoins. The company ..

US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties

News The United States Securities and Exchange Commission (SEC) has filed to reopen a case against Bitcoin (BTC) fraudster Renwick Haddow as he has not resolved the regulator’s claims for monetary relief against him. On Dec. 6, The agency submitted a letter to Judge Lorna G. Schofield of the New Y..

Texas-Based Data Center CyrusOne Hit by Ransomware Attack

News Texas-based data center provider CyrusOne has reportedly fallen victim to an attack from REvil (Sodinokibi) ransomware, business tech-focused publication ZDNet reported on Dec. 5. One of the largest data centers in the United States, CyrusOne has reportedly been exposed to an attack by a vari..

Tim Draper Calls For Ross Ulbricht’s Release: ‘We Need Entrepreneurs Like That Guy!’

News One of the most successful investors in the world is calling for the release of convicted criminal Ross Ulbricht. Following up on a September 21 tweet by Tim Draper that was completely sympathetic to the imprisoned Silk Road creator, Fred Schebesta of the Crypto Finder video podcast took a mo..

Researchers Detect New North Korea-Linked MacOS Malware on Crypto Trading Site

News Security researchers have discovered a new cryptocurrency-related macOS malware believed to be the product of North Korean hackers at the Lazarus Group. As tech-focused publication Bleeping Computer reported on Dec. 4, malware researcher Dinesh Devadoss encountered a malicious software on a w..

Report: Crypto-Related Fraud and Theft Resulted in $4.4B Loss in 2019

News In 2019, the total volume of cryptocurrency-related fraud and theft resulted in losses worth $4.4 billion, according to CipherTrace’s report for the third quarter of 2019. In its “Cryptocurrency Anti-Money Laundering Report, 2019 Q3,” security research firm CipherTrace delved into the 120 mos..

Signs Point to Inside Job in Upbit Crypto Exchange Hack, Says Commentator

News Following the theft of 342,000 Ether (ETH) ($50 million) from major South Korean crypto exchange Upbit, some commentators have suggested that the hack was actually an inside job. As Cointelegraph contributor Joseph Young tweeted on Nov. 27: “The ‘hacker’ timed when UPbit was making crypto tra..

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