Brazilian police have shut down a purported bitcoin investment scheme they allege stole 1.5 billion Brazilian reals.
Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling
A U.S. man has pleaded guilty to having embezzled millions from his former employer and splashing the funds on personal expenses and crypto-funded online poker.
Brooklyn ICO Promoter Sentenced to 18 Months in Federal Prison
The fraudster used diamonds and real estate to whisk away $300,000 in other people’s money in 2017.
Criminal Case Against Failed WEX Crypto Exchange Points at Russian Law Enforcement
The administrator of failed crypto exchange WEX has reportedly told Russian police that he was forced to hand over users’ holdings to the FSB.
Chainalysis Says BitForex Trading Volumes Could Be Fake
BitForex exchange coiuld be faking its bitcoin trading volume, according to a report by Philip Gradwell, chief economist for Chainalysis.
Ukrainian Railways Branch Caught Mining Crypto With State Power
The Lviv branch of Ukrainian Railways has been caught red-handed diverting company electricity to mine bitcoin.
OneCoin Founder’s Brother Faces 90-Year Jail Term After Plea Deal
The brother of OneCoin’s infamous “Cryptoqueen,” Konstantin Ignatov has reached a plea deal with U.S. authorities.
FBI Director: Cryptocurrency Is ‘Significant Issue’ for Law Enforcement
Christoper Wray said crypto is becoming a “bigger and bigger” issue for the agency in a Senate hearing with Mitt Romney.
Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin
Brian Haney, a former narcotics trafficker, pled guilty to charges that he laundered $19 million in bitcoin on Silk Road.
Russia Wants to Be Able to Seize Cybercriminals’ Bitcoin
Russian regulators will begin developing proposals for legislation allowing confiscation of crypto assets seized in crime investigations.
North Korea Set Up a Blockchain Firm to Launder Cash: UN
North Korea set up a Hong Kong blockchain firm in a bid to to launder stolen cryptocurrency and avoid sanctions, the UN has reportedly said.
ATM Coin Founders Ordered to Pay $4.25 Million for Fraud
A U.S. court issued penalties against the team and firms behind ATM Coin for fraud and misappropriation of client funds in case brought by the CFTC.
Bittrex Target of Latest $1 Million Crypto SIM Hack Lawsuit
Gregg Bennett had never heard of SIM swapping before. Then, one night in April, he learned in the worst way one can.
Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud
The U.S. Securities and Exchange Commission has reached a $9.5 million settlement with Reggie Middleton, organizer of the fraught Veritaseum initial coin offering.
Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers
Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese regulator said Monday.
AT&T Responds to Crypto Exec’s SIM Swap Suit: See You in Court
The loss highlights an obvious question for security experts, who wondered why an experienced crypto executive would keep such high sums online.
Crypto Capital Principal Indicted on Fraud, Confirming Bitfinex Allegations
Crypto Capital’s Oz Yosef has been indicited on three criminal acts, confirming statements made by Bitfinex Friday.
Another AT&T SIM Swapping Hack Targets Trio of Crypto Execs
Another crypto executive is suing AT&T over a SIM swapping hack that he claims cost him $1.7 million in digital assets.
Bitfinex Denies Laundering, Says It’s a Victim of ‘Fraud’ by Crypto Capital
The crypto exchange released a statement Friday denying that it had any part in the payment processor’s alleged money laundering.
Final Russian Nuclear Scientist Sentenced Over Illicit Crypto Mining
The last of three Russian scientists caught illegally mining bitcoin at a top-secret nuclear lab has been given a prison sentence.