Crimes Archives • Bitcoin Feed News

Cointelegraph / US SEC Charges Convict and Associates for $30M Fraudulent ICO

January 17, 2020 / cointelegraph

The United States Securities and Exchange Commision has charged a group of criminals, who raised over $30 million through a fraudulent initial coin offering (ICO). Per a Jan. 12 press…

Cointelegraph / Singapore Crypto Consultant Kidnapped for $1 Million Ransom

January 14, 2020 / cointelegraph

Singaporean Mark Cheng was recently kidnapped in Thailand and tortured for a $740,000 ransom in Bitcoin (BTC), the South China Morning Post and others report on Jan. 14. After transferring…

Cointelegraph / US Lawmakers Urge FCC to Step Up Its Action Against SIM Swaps

January 10, 2020 / cointelegraph

United States lawmakers have appealed to the Federal Communications Commission (FCC) to hold telecoms providers to account for failing to protect consumers against SIM swap attacks. SIM-swapping — alternatively known…

Cointelegraph / Blockchain Lock IoT-Solution Aims to Tackle Porch Pirates

January 9, 2020 / cointelegraph

Internet of Things (IoT) software developer It’s Here announced the launch of a blockchain-enabled lock that purportedly prevents porch pirating. According to a press release shared with Cointelegraph on Jan.…

Cointelegraph / Interpol Collaborates With Cybersecurity Firm to Tackle Cryptojacking

January 9, 2020 / cointelegraph

Interpol has collaborated with cybersecurity firm Trend Micro to reduce cryptojacking affecting MikroTik routers across South-East Asia, according to a Jan. 8 press release. Though the collaboration reduced the number…

Cointelegraph / North Korean Hacker Group Modifies Crypto-Stealing Malware

January 9, 2020 / cointelegraph

The Lazarus hacker group, which is allegedly sponsored by the North Korean government, has deployed new viruses to steal cryptocurrency. Major cybersecurity firm Kaspersky reported on Jan. 8 that Lazarus…

Cointelegraph / Directors of Alleged Crypto Pyramid Scheme Dunamiscoins Stand Trial

January 8, 2020 / cointelegraph

Two directors of Dunamiscoins, an alleged cryptocurrency pyramid scheme in Uganda, appeared before court on Monday to face 65 counts tied to obtaining money by false pretense. Local news site…

Cointelegraph / CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi

January 7, 2020 / cointelegraph

The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. Financial news outlet…

Cointelegraph / Most Significant Hacks of 2019 — New Record of Twelve in One Year

January 5, 2020 / cointelegraph

Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of…

Cointelegraph / US Citizen Indicted for Narcotics Distribution in Exchange for Bitcoin

January 3, 2020 / cointelegraph

A United States citizen has been charged with heroin and methamphetamine distribution in exchange for Bitcoin (BTC). According to a Jan. 3 press release published by the U.S. Attorney’s Office…

Cointelegraph / Ledger Wallet User Allegedly Lost $16K to Malicious Browser Extension

January 2, 2020 / cointelegraph

Twitter user and software architect WizardofAus (@BTCSchellingPt) has warned cryptocurrency holders against a Chrome extension for Ledger crypto wallets that allegedly contains malware. In a tweet posted on Jan 2.,…

Cointelegraph / Privacy Coins in 2019: True Financial Freedom or a Criminal’s Delight?

January 2, 2020 / cointelegraph

The right to privacy is a fundamental prerequisite for peace of mind and security. The idea that only criminals have something to hide is strange. Contrarily, privacy is sought by…

Cointelegraph / Vexed Tech Entrepreneur Turns Bitcoin Hacker, Steals €1M+ from Ex-Colleagues

December 31, 2019 / cointelegraph

A French tech entrepreneur has been nabbed for allegedly stealing over 1 million euros in Bitcoin (BTC) from his former colleagues in what is purported to have been an “act…

Cointelegraph / Chinese Authorities Confiscate Nearly 7,000 Crypto Mining Machines

December 23, 2019 / cointelegraph

Chinese authorities have seized nearly 7,000 crypto mining machines, illegally consuming electric power, local news outlet CCTV reported on Dec. 22. The cryptocurrency mining confiscation came as part of an…

Cointelegraph / Hackers Grab Nearly $480K From Blockchain Platform Nuls

December 23, 2019 / cointelegraph

Blockchain platform Nuls has lost almost $480,000 worth of NULS tokens due to a hack, according to a security update tweeted on Dec. 22. In its tweet, Nuls said it…

Cointelegraph / New York Court Proceeds Against Man Allegedly Linked to OneCoin

December 21, 2019 / cointelegraph

The New York Southern District Court granted a continuance in the lawsuit against David Pike over his alleged link to the OneCoin Ponzi scheme. Finance news outlet FinanceFeeds reported on…

Cointelegraph / Monero Malware Botnet Lurks Behind Taylor Swift JPEGs

December 19, 2019 / cointelegraph

Researchers have published a new report on what they deem to be a “relentless” crypto mining botnet that lurks behind seemingly innocuous content such as JPEG images of Taylor Swift.…

Cointelegraph / 19-Year Old Suspect Charged With $1 Million Crypto Heist via SIM-Swaps

December 19, 2019 / cointelegraph

A 19-year old man has been indicted for identity theft as part of an alleged $1+ million cryptocurrency heist affecting at least 75 victims in the United States. A news…

Cointelegraph / Former Kraken Employee Sues Exchange for ‘Unethical and Illegal Business Tactics’

December 18, 2019 / cointelegraph

A former employee of United States-based cryptocurrency exchange Kraken initiated legal proceedings against the company in connection with breach of contract and sanctions violation, among other issues. Per a court…

Cointelegraph / US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity

December 18, 2019 / cointelegraph

A member of the United States Federal Reserve’s board of governors appears to believe that one in four people who use Bitcoin (BTC) are criminals. In a panel speech honoring…

Cointelegraph / Two Russians Charged With Illicitly Mining Crypto on State Hardware

December 17, 2019 / cointelegraph

Two Russian citizens are being prosecuted for allegedly targeting computers at state organizations to illicitly mine cryptocurrency. The two unnamed individuals purportedly infected the hardware with a program that mines…

Cointelegraph / Alleged Bitcoin Ponzi Scheme Assets Frozen as US Judge Grants Injunction

December 13, 2019 / cointelegraph

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…

Cointelegraph / Pennsylvania Man Charged With SIM Swap Conspiracy to Steal Crypto

December 13, 2019 / cointelegraph

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…

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

December 13, 2019 / cointelegraph

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…

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

December 10, 2019 / cointelegraph

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…

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

December 9, 2019 / cointelegraph

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…

Cointelegraph / Texas-Based Data Center CyrusOne Hit by Ransomware Attack

December 5, 2019 / cointelegraph

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…

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

December 5, 2019 / cointelegraph

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…

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

December 4, 2019 / cointelegraph

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.…

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

November 27, 2019 / cointelegraph

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…

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

November 27, 2019 / cointelegraph

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…

Cointelegraph / Former Hollywood Executive Admits to Embezzling $22M to Buy Crypto and Gamble

November 25, 2019 / cointelegraph

A former executive of a Hollywood-based digital marketing firm has admitted to embezzling $22 million from his employer to buy digital currency. The United States Attorney’s Office of the Central…

Cointelegraph / Canada: Thieves Steal $4K From Bitcoin ATM, Leave $50K Untouched

November 22, 2019 / cointelegraph

Two thieves at a Canadian grocery store swiped $4,000 from a Bitcoin (BTC) ATM but forgot to check the second canister, leaving $50,000 behind. According to a local media report…

Cointelegraph / US Think Tank Releases Report on Investigation Into Illicit Transactions on the Dark Web

November 21, 2019 / cointelegraph

United States think tank The Rand Corporation has taken a closer look at the dark web, where criminal activities are difficult to discover, monitor, and investigate for law enforcement. On…

Cointelegraph / New York Judge Grants US Government Right to Intervene in $7M Bitcoin Fraud Case

November 20, 2019 / cointelegraph

The New York Southern District Court has ruled in favor of the United States government to intervene in a civil case against Jon Barry Thompson, who is alleged of a…

Cointelegraph / Cryptocurrency Forensics Firm Elliptic Ties $400M in XRP to Illicit Activities

November 20, 2019 / cointelegraph

Cryptocurrency forensics and analysis firm Elliptic has tied about $400 million worth XRP tokens to illegal transactions. In a press release published on Nov. 20, the firm indicated that “the…

Cointelegraph / Malware on Official Monero Website Can Steal Crypto: Investigator

November 19, 2019 / cointelegraph

The software available for download on Monero’s (XMR) official website was compromised to steal cryptocurrency, according to a Nov. 19 Reddit post published by the coin’s core development team. The…

Cointelegraph / U.S. Gov’t Extradites Alleged Fraudster for Selling Fake Securities for $11 M in BTC

November 19, 2019 / cointelegraph

The United States has extradited a Swedish national from Thailand for allegedly selling fraudulent securities to investors online, garnering over $11 million worth of Bitcoin (BTC). Per a press release…

Cointelegraph / BBC: New Files Allegedly Connect $450M in Lost Bitcoin to Russian Intelligence

November 15, 2019 / cointelegraph

$450 million worth of lost cryptocurrency from the now-defunct cryptocurrency exchange WEX may have been transferred to a fund belonging to Russian intelligence agency the Federal Security Bureau (FSB), according…

Cointelegraph / State-Run Ukranian Railway in Lviv Gets Caught Mining Bitcoin

November 15, 2019 / cointelegraph

A branch at Ukrainian Railways (Ukrzaliznytsya), was illegally mining crypto using the power grid of the state. Ukrzaliznytsya, a state-owned enterprise of rail transport in Ukraine, says that its Lviv…