NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Binance Helps UK Police Bring $50M Crypto Criminal to Justice

Rick Delafont
Rick Delafont
5 years ago
2 mins read
bitcoin crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Leading crypto asset exchange platform Binance has provided information to the UK police force to help bring a fraudster to justice. The unnamed Bulgarian individual pleaded guilty to five counts of fraud and received a custodial sentence for his role in numerous phishing scams.

The convicted fraudster had created phishing scripts that he sold via the dark web. This enabled other criminals to rack up a total of more than $50 million.

Binance Helping to Fight Crypto Crime

According to a post to Binance’s blog, the popular crypto asset exchange has been working closely with the UK’s Cyber Crime Unit. The department is a division of the Metropolitan Police Service.

How #Binance Helped UK Authorities Fight Cybercrime and Keep Customers ‘ #SAFU’

The operation affected roughly half a million victims, with most being targeted via e-mail, and resulted in fraud totalling about £41.6 million British Pounds. https://t.co/h8K4B0ad4B

— Binance (@binance) September 26, 2019

The exchange has provided information that helped with the conviction of a Bulgarian fraudster who created and sold phishing scripts. The scripts were designed to imitate correspondence from 53 different companies.

Sold via the dark web, the scripts were used by other criminals to defraud victims out of a total of £41.6 million, or more than $50 million. They were reportedly circulated mostly via emails.

The crypto exchange blog post reads:

“We also recognize that cooperation with law enforcement entities around the world plays a large part in fostering a safe environment in this space. We are thankful for the UK Metropolitan Police Service, as well as the many other agencies actively working with us, and other industry players, to continue our fight against cybercrime and sustain a healthy, legitimate market.”

The phishing scammer was recently extradited from his native Bulgaria to stand trial in London, England. During the court case, heard last week at the Southwark Crown Court, the individual pleaded guilty guilty to five counts of fraud. The criminal was sentenced to nine years in prison for his deeds.

Cryptocurrency Still a Poor Payment Method for Crime!

Contrary to the beliefs of many lawmakers around the world, cases like this one serve to highlight just how poor digital currency is for committing illegal acts. With most digital assets, all transaction data is stored on a publicly accessible immutable record – the blockchain. With a little digging around and crucial data provided by Binance, or blockchain forensics firms, such as Chainalysis, criminals are frequently discovering that non-privacy-focused crypto assets are not as anonymous as Bitcoin was often touted to be in its early days.

There have been numerous examples of criminals being brought to justice thanks to the paper trail they leave behind when using non-private crypto assets. As the efforts of law enforcement improve with greater experience, it seems likely that this trend will continue.

 

Related Reading: Is Venezuela’s Bitcoin Stash Really So Bullish for BTC?

Featured Image from Shutterstock.
Tweet123Share217ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway

Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway

Pump.fun, the Solana-based platform enabling users to easily launch and trade custom tokens—especially meme coins—has just marked a historic milestone....

Sebastian Villafuerte 1 hour ago

Gemini分析比特幣升勢帶動示新牛市周期 Bitcoin Hyper等Layer 2項目引爆關注!

2025年7月10日比特幣成功突破118,000美元大關刷新高,也標誌著市場情緒全面翻多。這一歷史性時刻並不只是主流資產的短線波動,更揭示出整個加密市場的新一輪進化正在發生。當傳統比特幣不再滿足應用需...

Kelvin Lee 7 hours ago
Cardano price

Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top

The Cardano price has witnessed an exhilarating run over the past few days, experiencing a significant breakout from consolidation beneath...

Opeyemi Sule 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin price

Bitcoin Price Could Soar To $146K In The Next Leg Up — Analyst Explains How

Opeyemi Sule 6 minutes ago
BTC All-Time High

Crypto expert: Bitcoin bereikt nieuwe ATH van $112k, betekent dit start van altcoin season?

Lars Diederiksen 3 hours ago
Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm

Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm

Sebastian Villafuerte 55 minutes ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    16 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    16 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    16 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    17 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    17 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.