Tag: fraud

  • scam
    Bitcoin

    $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
  • CFTC
    Industry

    CFTC Demands Almost $2 Million from Illegal Bitcoin Pool Operator

    In a case that has been developing over the past few months, the U.S. Commodity Futures Trading Commission (CFTC) has taken another step in its actions against Dillon Michael Dean and his U.K.-registered company The Entrepreneurs Headquarters Limited (TEH). Dean, of Longmont, Colorado, who used Bitcoin to funnel his ill-gained...

    Thomas Delahunty | July 23, 2018 | 9:00 pm
  • Vinnik
    Industry

    Ex-BTC-e Operator Alexander Vinnik to be Extradited to France

    As part of an ongoing criminal case that has drawn international attention, a Greek court has agreed today to extradite Russian cybercrime suspect and ex-Bitcoin BTC-e platform operator Alexander Vinnik to France. The move comes after Greek authorities decided exactly where to send Vinnik, who is also wanted...

    Thomas Delahunty | July 13, 2018 | 10:30 pm
  • Trump
    Industry

    Donald Trump’s US Government to Focus More On Crypto-Related Fraud

    A new task force created by Donald Trump seeks to further investigate “cyber fraud” and “digital currency fraud,” as per an executive order from the U.S. President and his administration. Trump Looking at Crypto The announcement, made today, looks to place digital currencies amongst more traditional crimes like...

    Thomas Delahunty | July 11, 2018 | 10:30 pm
  • Mining
    Bitcoin

    Bitcoin Mining Con Artist Arrested Over $15 Million Fraud

    A man has been arrested in China for fraud over the sale of underpriced Bitcoin mining equipment and is awaiting prosecution. According to state media, the man made nearly 100 million yuan ($15 million) from 50 investors within a few months. Mining Fraudster Defaults on 3,000 Orders The...

    tim copeland | June 25, 2018 | 11:30 pm
  • CFTC
    Industry

    ‘My Big Coin’ in Court This Week as CFTC Tries to Combat Crypto Fraud

    The case against embattled cryptocurrency startup My Big Coin is being watched closely by industry insiders, as it will help determine whether or not the U.S. Commodity Futures Trading Commission has the authority to combat potential fraud associated with the coin and others.  Jurisdiction of U.S. Regulators In...

    Thomas Delahunty | June 14, 2018 | 4:04 am
  • upbit
    Industry

    Audit Results: South Korea’s Largest Cryptocurrency Exchange Upbit Cleared

    Upbit, the largest cryptocurrency exchange in South Korea, has conducted an internal audit amid suspicions of fraud from national authorities. The audit results allegedly disprove the claims that the exchange has falsely reported the amount of funds it holds. South Korea’s Upbit Exchange Claims Internal Audit Disproves Suspicions of...

    Ricardo Esteves | May 16, 2018 | 1:00 pm

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