$6.4 Million of Thai Actor’s Family Assets Seized in $24 Million Bitcoin Fraud Case

Thailand BitcoinTen months after a Finnish national filed a complaint after losing 5,564 bitcoins to fraudsters in Thailand, the family of the Thai television actor Jiratpisit ‘Boom’ Jaravijit is now the target of the country’s anti-money laundering agency in relation to the scam. According to The Nation, Thailand’s Anti-Money Laundering Office (AMLO) has seized assets worth

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Philippines Deports Mastermind of $33 Million Bitcoin Pyramid Scheme

The Bureau of Immigration of the Philippines had ordered the deportation of a South Korean national who is wanted in South Korea over his involvement in a bitcoin pyramid scheme. Identified as Go Yongsung, the South Korean was arrested in the city of Las Pinas. According to Jaime Morente, a Bureau of Immigration Commissioner, the

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Bitcoin Scam Ads are Destroying Lives, Says Money Expert Suing Facebook

People who have lost their entire savings to fraudulent bitcoin investment schemes advertised on Facebook are turning suicidal, Martin Lewis says. The U.K.-based consumer advisor, who runs MoneySavingExpert.com, blamed Facebook for causing the financial catastrophe by promoting scam ads on its trusted social network, many featuring himself. Lewis in April launched a lawsuit against the … Continued

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Bitcoin Fraudsters Impersonated U.S. Regulators, Forged CFTC Documents

The Commodity Futures Trading Commission (CFTC) has filed charges against two cryptocurrency fraudsters who impersonated U.S. regulators and forged documents as part of a scheme to steal bitcoin from retail investors. According to a complaint filed last Friday in the U.S. District Court for the Northern District of Texas, the defendant(s) — operating under the … Continued

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Bitcoin-Stealing Malware Targets Fortnite Gamers

The release of season six for the popular Fortnite video game has inspired the development of bitcoin-stealing malware disguised as game cheating tools. Malwarebytes Labs has discovered malware disguised as cheat tools that can steal data and bitcoin from Fortnite gamers, according to Christopher Boyd, the lead malware intelligence analyst. Malwarebytes Labs found the malware … Continued

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Bitcoin Price Manipulated by Cryptocurrency Trading Bots: WSJ

Bots that manipulate bitcoin price are not new, and they aren’t going away, according to The Wall Street Journal. The problem continues to draw regulatory scrutiny, as it was cited by the Securities and Exchange Commission (SEC) when it rejected several bitcoin ETF applications in August. Andy Bromberg, president and co-founder of CoinList, which issues tokens,

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John McAfee-Linked Bitcoin Mining Firm Hit with Lawsuit over Pump-and-Dump Scheme

MGT Capital Investments, a bitcoin mining and cryptocurrency investing firm formerly associated with John McAfee, has been hit with a class-action lawsuit over allegations that its former CEO participated in a pump-and-dump scheme that manipulated the price of MGT shares. Bitcoin Mining Firm Faces Class-Action Suit The suit, which was filed by Rosen Law Firm … Continued

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French Official Arrested for Allegedly Selling State Secrets for Bitcoin

A French security official with the Direction Générale de la Sécurité Intérieure (DGSI) was indicted last week and taken into custody on charges of selling state secrets in exchange for payments in bitcoin. According to local French media Le Parisien, the unnamed agent was allegedly arrested for peddling economic information and falsifying administrative documents. Protecting French

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Alleged Bitcoin Launderer Alexander Vinnik Questioned by French Investigators, Lawyer Says Charges are ‘Trumped up’

The legal saga surrounding alleged bitcoin launderer Alexander Vinnik continues to grow more complicated, as law enforcement officials in three separate countries jockey for the authorization to extradite the alleged BTC-e administrator from Greece, where is currently in local police custody. Russian state-operated news service TASS reports that French investigators questioned Vinnik on Monday in … Continued

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Oklahoma Duo Arrested for $14 Million Cryptocurrency Theft

Oklahoma police have arrested two men who reportedly stole millions of dollars from a California-based cryptocurrency company, local media reported. Fletcher Robert Childers, 23, and Joseph Harris, 21, of Missouri, were arrested on suspicion of grand theft, a first-degree felony, and identity theft, a Class C misdemeanor. If charged for both, the duo could receive

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Cybercriminals Hit Port of San Diego with Ransomware, Demand Bitcoin

It has not been smooth sailing for the Port of San Diego’s IT department this week following a cybersecurity breach. In a statement, the Port of San Diego has disclosed that its computer systems were hit by a ransomware attack with the attackers demanding to be paid in bitcoin before they can decrypt files. According

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Australia’s Taxman Warns of Scammers Demanding Tax Debts be Paid in Bitcoin

Australia’s taxman is once again sounding the alarm over fraudsters impersonating tax officials and demanding that tax debts be paid in bitcoin as well as other ‘unusual’ methods. In the latest scam alert, the Australian Taxation Office has warned that scammers are going around threatening to get the federal police to send Australians to jail

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Cryptojacking Surged by 86% in the Second Quarter of 2018: McAfee Labs

The surge in the popularity of cryptocurrency mining malware that started in the last quarter of last year has continued unabated into the first half of 2018. According to McAfee Labs, cryptocurrency mining malware attacks increased by 86% in the second quarter of this year. While the primary target of cryptocurrency mining malware has remained … Continued

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Meet The Man Who Tracks Kidnappers and Paramilitaries Using Blockchain

We first mentioned Ben Strickland in our coverage of his report on SadaqaCoins, a dark web marketplace aimed at crowdfunding for weapons and paramilitary training of Syrian jihadists. Strickland didn’t just stumble across the site — he’s an OSINT (open source intelligence) investigator who uses OSINT techniques to trace cryptocurrency transactions and draw connections between … Continued

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DarkWallet Dev & 3D-Printed Gun Pioneer Cody Wilson Arrested on Sexual Assault Charges

Cody Wilson, 3D-printed firearm pioneer and DarkWallet developer, has been arrested in Taiwan in connection with charges that he sexually assaulted a minor in Texas. The arrest was reported on Friday morning by a local CBS affiliate in Austin, TX, where police had filed an affidavit against Wilson on Wednesday, alleging that he sexually assaulted a … Continued

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Cryptojacking is up 459% in 2018, and it’s the NSA’s Fault

A report from the Cyber Threat Alliance (CTA) indicates a massive 459% increase in the rate of illegal cryptojacking, through which hackers hijack computer processing power to mine cryptocurrencies like bitcoin and monero. As CCN recently reported, the Indian government was recently targeted in a cyberattack which hijacked processing power from government website servers to … Continued

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Japan Cryptocurrency Theft Cases Tripled in H1 2018, $530 Million Stolen: Police

Barely before the ink had dried on the news that Japanese cryptocurrency exchange Zaif had been hacked and slightly less than US$60 million stolen, the National Police Agency (NPA) of Japan has released a report highlighting the vulnerability of Japan’s crypto space. According to the NPA, the number of incidents involving the theft of funds

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Licensed Crypto Exchange Zaif Plans Compensation after 6,000 Bitcoins, $60 Million Crypto Theft

In the second major hack of a Japanese cryptocurrency exchange this year, some 6.7 billion yen ($60 million) in cryptocurrencies were stolen from the wallets of Zaif of which 4.5 billion yen ($40 million) belonged to customers. Tech Bureau, operator of cryptocurrency exchange Zaif, confirmed the hack occurred between 1700 and 1900 local time on … Continued

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Texas Regulators Shut Down Three Cryptocurrency Scams

The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes. The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an

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Newsflash: Japanese Cryptocurrency Exchange Zaif Hacked, $59 Million in Losses

Japanese cryptocurrency exchange Zaif was the victim of a major hack last week, local media sources have reported and the company has now confirmed. The hack, which occurred on Sept. 14 but was not discovered until Sept. 17, saw the hacker steal various amounts of bitcoin, bitcoin cash, and monacoin from the exchange’s hot wallet, … Continued

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