Tag: bitcoin fraud

  • scam

    $24 Million Thai Bitcoin Scam Involves Renowned Investor and TV Actor

    Renowned stock exchange investor Prasit Srisuwan claimed to be a damaged party in the case of a $24 million bitcoin scam that victimized Finnish national Aarni Otava Saarimaa. Srisuwan recommended Saarimaa to invest in DNA 2002 Plc shares, a bitcoin-related business, for its high-growth potential. He brokered the...

    Ricardo Esteves | August 21, 2018 | 10:00 am
  • Industry

    US Judge Rules Cryptocurrencies are Commodities

    U.S. District Judge Jack Weinstein in Brooklyn ruled that the Commodity Futures Trading Commission (CFTC) has standing to regulate cryptocurrencies as commodities. The financial watchdog first determined that virtual currencies are commodities in 2015. Cryptocurrencies are commodities The ruling gives the CFTC the needed authority to bring a fraud lawsuit against...

    Ricardo Esteves | March 7, 2018 | 11:30 am
  • kim

    Chicago Crypto Trader Kim Embezzles $2 Million Worth Of Funds

    A trader at Consolidated Trading LLC faces allegations of wire fraud in the amount of $2 million. Joseph Kim, 24, is accused of embezzling funds in both Litecoin and Bitcoin from his employer’s coffers. The case is something of a landmark in that it is the first criminal...

    Rick D. | February 16, 2018 | 8:30 pm
  • Former HashingSpace CEO Wants to Sell Stocks. newsbtc bitcoin news

    Former HashingSpace CEO Wants to Sell Stocks

    The ongoing fraud case against a former HashingSpace executive has influenced him to sell the stocks he holds in the Bitcoin mining firm. According to a report of The Tampa Bay Journal, Tim Roberts, a serial entrepreneur, had started an online e-commerce platform Savtira in 2010. The startup...

    Gola Yashu | September 25, 2015 | 5:50 pm
  • South Korean Authorities Crack Down on Bitcoin Scams.

    South Korean Authorities Crack Down on Bitcoin Scams

    With the myriad of altcoins being introduced these days, some investors have had trouble telling which ones are legitimate and which ones are bitcoin scams. In South Korea, law enforcement officials have begun investigations on alleged pump-and-dump schemes wherein demand and volumes are artificially boosted before the altcoin...

    newsbtc | September 8, 2015 | 11:00 pm
  • Bitcoin Exchange Based in Australia Halts Trading. Bitcoin Scam news.

    Bitcoin Exchange Based in Australia Halts Trading

    A bitcoin exchange based in Australia called Igot Pty. Ltd. has halted trading on its platform, with clients complaining that they have been unable to withdraw their funds. As of this writing, igot has ceased responding to communications or support tickets. The bitcoin exchange was founded in 2013...

    newsbtc | August 25, 2015 | 7:00 pm
  • New Arrest Warrant Issued Against Bitcoin Exchange Mt. Gox CEO.

    New Arrest Warrant Issued Against Bitcoin Exchange Mt. Gox CEO

    Mt. Gox was one of the biggest bitcoin exchange companies in existence, before it got hit by a hack and lost several bitcoin and client funds. Investigations revealed that its CEO Mark Karpeles had tweaked some of the accounts, allegedly to funnel money to his account. Last week,...

    newsbtc | August 24, 2015 | 11:00 pm
  • SEC Sues Josh Garza’s Brother for Violating Subpoena.. Bitcoin Mining companies.

    Former Employee of Bitcoin Mining Company Under SEC Investigation

    A former employee of the collapsed bitcoin mining company, GAW Miners, is currently under investigation by the Securities and Exchange Commission (SEC) for fraud. Carlos Garza was issued a subpoena by a federal judge in Massachusetts to be forced to respond to these allegations. According to the SEC,...

    newsbtc | August 20, 2015 | 12:00 pm
  • Digital Fraud Researcher Discovers Loophole in Bitcoin Passwords. Newsbtc Bitcoin News and opinion.

    Digital Fraud Researcher Discovers Loophole in Bitcoin Passwords

    Ryan Castellucci, a security researcher at digital fraud firm White Ops, shared that there could be a loophole in which bitcoin passwords can be traced to steal funds. This might be possible through brainwallets, wherein bitcoin passwords are stored in the memory of the user through a long...

    newsbtc | August 14, 2015 | 11:00 am

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.


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