A guy in Bengaluru tried to sue the website where he had bought Bitcoin after losing a substantial amount of cryptocurrency. He unfortunately lost the lawsuit since the court found that he was a victim of cybercrime and that the…
Banking Scams Overtake Crypto Frauds in Ireland
In a noteworthy evolution of tactics, fraudsters targeting victims in Ireland are deviating from cryptocurrency promotions and increasingly adopting the persona of bank officials, as reported by the local press. This disconcerting trend has led to substantial financial losses for…
Suspected Crypto Ponzi Scheme Bitconnect, Faces Another Lawsuit
Author – Sam Reads, United Kingdom A new lawsuit filed against Suspected Crypto Ponzi Scheme Bitconnect with the US District Court of Northern California. UK-based Bitconnect faces a new lawsuit, which could be the sixth or higher suit filed against the…
Cryptocurrency trader from Chicago is facing fraud charges
Author – Anujit In what can be considered as the first of such cases in the USA, a cryptocurrency trader based out of Chicago, Illinois, USA, is facing charges of fraudulent misappropriation of US $ 2 million in cryptocurrencies. Joseph…
Ransomware: Tor Proxy Service Caught stealing from Ransomware Extortionists
Hackers, ransomware families, and phishing families are netting much the crypto market. The malware and ransomware started to gain traction in the last two years after the bitcoin started to gain much media attention. The Ransomware report Google researchers recently…
South Korea Regulations: South Korea Uncovers Nearly $600 Million in Crypto Crime
January has been a critical month for the crypto world with numerous regulations, bans and hacking incidents happening all over the globe. Much of the news that moved the market was from Asia and the United States. The two account…
Bitconnect shuts down, deceives its customers and stops controversial lending of BCC token
One of the most controversial coin and often referred to as Bitconnect ponzi scheme lending platform finally shuts down as of Jan 16th. Bitconnect lending platform was trading around 300$ before the announcement. Bitconnect dumped the bitcoin amount to bitconnect…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
