New Zealand Police Seize $90M Linked to Alleged BTC-e Exchange Operator

New Zealand police have seized NZ$140 million (US$90 million) in bank funds linked to Alexander Vinnik, a Russian alleged to have been the controller of the now-defunct BTC-e cryptocurrency exchange. The seizure of funds, which were controlled by a New Zealand-registered company, is said to be the largest in the country’s history by federal police. […]

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OneCoin Lawsuit Could Be Thrown Out Over Plaintiff Failings, Warns Judge

OneCoin – the cryptocurrency investment scheme accused by the U.S. of being a Ponzi-type scam – may escape from a class-action lawsuit due to procedural mishaps by the lead plaintiffs. Brought in mid-2019 by investors who lost hundreds of thousands of dollars to the scheme, the complaint accuses the heads of OneCoin, including “Crypto Queen” […]

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FBI Used Bitcoin Trail to Catch Russian Rapper Accused of Money Laundering

The Federal Bureau of Investigation (FBI) used bitcoin wallet activity and an old exchange account as key evidence to arrest a Russian rapper on charges of conspiracy to commit money laundering. In an affidavit unsealed earlier this week, FBI special agent Samantha Shelnick said she and her team had used the digital paper trail to […]

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Bittrex Target of Latest $1 Million Crypto SIM Hack Lawsuit

Crypto exchange Bittrex is being sued over a SIM swap that netted criminals 100 bitcoin, currently worth nearly $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to then loot online crypto accounts: the swap was from cellular carrier AT&T, money was taken from […]

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Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud

The U.S. Securities and Exchange Commission (SEC) said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, dated Oct. 31 and published today, Middleton agreed to the consent decree of the final judgment, without having […]

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Crypto Capital Principal Indicted on Fraud, Confirming Bitfinex Allegations

Crypto Capital principal Oz Yosef was indicted on three criminal counts by the U.S. Attorney’s Office of the Southern District of New York Wednesday, Oct. 23, confirming statements made by Bitfinex’s general counsel Stuart Hoegner Friday. According to court documents, Yosef, aka Oz Joseph, has been indicted on conspiracy to commit bank fraud, bank fraud […]

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Hackers Launch Widespread Botnet Attack on Crypto Wallets Using Cheap Russian Malware

With millions of dollars cryptocurrency stolen from crypto wallets every year, security researchers were surprised to find one active botnet being run for about $160. The bargain Trojan malware is called MasterMana Botnet, which uses mass mailing to send phishing emails with attachments containing malicious code to crypto investors. Once someone clicks on the email, the […]

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Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one in Japan that will open this week. Tomoyuki Nii, executive officer for overseas investment at […]

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25-Year-Old to Plead Guilty to Running Unlicensed Crypto Exchange

A 25-year-old man from Westwood, Los Angeles, is said to plead guilty to federal charges for having exchanged up to $25 million in cash and crypto without a license and anti-money laundering program. Kunal Kalra, also known as “Kumar,” “shecklemayne” and “coinman,” was indicted on Friday for allegedly trading cash and crypto for individuals including drug […]

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