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Head of BitConnect India arrested

The head of BitConnect India, Divyesh Darji, was recently arrested in India after arriving from Dubai, UAE – to be charged with investment fraud. The BitConnect platform was closed in January of this year. With the previous value of $ 509 in December 2017, the cost of BitConnect decreased to $ 7. Based on preliminary

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3 months ago
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Two more people arrested in the GainBitcoin pyramid for $300 million in India

Indian police arrested two citizens associated with the fraudulent project GainBitcoin. Their arrest continued a series of detentions in Delhi, where authorities raided a major mining center. Times of India refers to an anonymous police officer who stated that the two suspects were promoting the scam project among thousands of investors across the country. According

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3 months ago
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Thai police suspect Russian emigrants in a $ 22 million crypto fraud

37 y.o. Alexey Chikalov from St. Petersburg, who is currently living in Phuket, is accused by the Thai police of fraud on the SiamOption, a “fairly large criminal network”. As a result of alleged fraudulent activities, 1,400,000 people who invested more than 730 million baht ($ 22 million) were deceived. On Wednesday, August 15, national

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3 months ago
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Building managers in Moscow has expropriated mining equipment worth 1.4 million rubles

On the afternoon of August, 15th the police station of Yakimanka in Moscow was alerted. The unknown entrepreneur explained that he rented a room from the building management company, where he placed the equipment for mining – to discover later that the staff took possession of his equipment. Now the Moscow police is verifying information

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3 months ago
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SEC issued a lifetime ban on trading securities for ICO fraud

The Securities and Exchange Commission (SEC) brought to justice the head of ICO Tomahawkcoins, David T. Lawrence, for fraud. He received a lifetime ban on trading securities and was charged $ 30,000 for his delict. As reported, earlier Lawrence had already been found guilty of fraud associated with trading. Lawrence is the head of the

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3 months ago
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Kaspersky Lab: hackers stole $2.3 million in crypto during Q2 2018

Kaspersky Lab experts reported that cybercriminals managed to steal $2.3 million in crypto in the second quarter of 2018, according to the company’s press release. According to security experts, in the second quarter of this year Kaspersky Lab prevented more than 60 thousand crossings to phishing websites. Similar websites pretend to be popular cryptocurrency wallets

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3 months ago
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A “treasure-backed” company Shinil Group is suspected of fraud

In the headquaters of the South Korean firm called Shinil Group, which had launched an ICO with “tokens, secured by treasures from the sunken ship,” police search took place. The authorities accuse Shinil Group of being a fraud. On July 15, the company published photographs of the cruiser allegedly found on the bottom of the

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3 months ago
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Research: US is #1 in crypto related crimes

A recent study showed that the United States is the most frequent place of crypto crimes. The IB Group conducted this research with an emphasis on hacking and cyber security. The study showed that more than 50% of crimes related to BTC, occurred in the United States or came from there. Out of 50 botnets

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3 months ago
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Voodos and spirits: Russian miner is looking for stolen ASICs with the help of shamans

Yuri Dromashko, from Irkutsk, Siberia is searching for stolen equipment worth 1.5 million rubles – and apparently, he lost his faith in law enforcement. So he turned to private detectives and to¬†psychics. “Detectives work in Irkutsk. On lake Baikal we are searching with the assistance of spirits and shamans. Four or five people probably worked

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4 months ago
112
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Vietnam toughens measures on digital currencies

Vietnam’s State Securities Commission (SSC) has warned companies not to carry out transactions related to cryptocurrencies. In April 2018, the government prohibited crypto trading in the country. Vietnam’s authorities banned any cryptocurrency-related activities as part of the Prime Minister’s Directive, on April 11. The ban was later expanded to hardware that could be used for

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4 months ago
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Extortioners threaten to hack the systems in Moscow airport and demand a ransom in BTC

Unknown people demand several hundred bitcoins from the administration of Domodedovo airport, threatening to remotely interfere in the operation of the airport’s navigation systems in case of refusal. According to Interfax, the attackers sent an e-mail with threats to the airport contact center. They claimed that they have technical capabilities for hacking the systems. As

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4 months ago
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CEO BitFunder has pleaded guilty to fraud and giving false testimony

John Montroll, the founder of bitcoin-exchange BitFunder, which ceased to exist in 2013, pleaded guilty to fraud with securities and giving false evidence to the investigation. The information was confirmed by John’s lawyer Jeffrey Berman. According to investigators, in July 2013 John Montroll, with the help of BitFunder, as well as partner’s crypto exchange sites

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4 months ago
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