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Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested
23.12.2020
Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest...
FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto Ransoms
19.12.2020
The U.S. Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group. FBI Is Aware of Cold-Calling Tactics by Ransomware Gangs According to a...
Regulatory Crypto Primer, NiceHash Reimburses BTC 4,6K Hack Victims + More News
17.12.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
The US Commodity Futures Trading Commission (CFTC) released a Digital Assets Primer today. The focus of this primer is broader...
Compound refused to compensate victims of unfair liquidation — Here's why
16.12.2020
Compound governance refused to compensate COMP farmers right now, but the proposal may come back
Lawyer Who Represents Victims of Alleged Spanish Crypto Ponzi Says It Could Be the ‘Biggest One’ in the Country
16.12.2020
The Arbistar case victims’ defense lawyer claims that the overall number of those affected amounts to 32,000 families with at least 93.4 million euros ($113.55 million) in losses. Lawyer in Arbistar Case Reveals Details on Class-Actions Lawsuits Against the Alleged Crypto Ponzi Scheme During...
Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto
10.12.2020
A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and...
Avanti CEO calls on SIM swap victims to resurrect Wyoming bill
3.12.2020
“A SIM swap was part of the infamous Twitter hack in July, so this is no longer just an issue affecting the crypto industry," said Caitlin Long
Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered
1.12.2020
The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims...
8,000 Bitcoin Scam Victims Get Refunds From US Regulator
7.11.2020
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims...
Tether Froze $300K of Stablecoin Hacked After Victims Left Wallet Keys in Evernote
26.10.2020
The U.S. government is pursuing a civil forfeiture claim on the more than 300,000 units of the tether (USDT) cryptocurrency said to have been stolen earlier this year
European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry
21.10.2020
The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues...
OFAC Warns That Firms Helping Victims With Ransomware Payouts Risk Violating Its Rules
5.10.2020
If you assist a ransomware victim in paying out to cyber attackers, you could end up facing civil penalties, OFAC says
US Treasury warns crypto firms not to reimburse unknown ransomware victims
1.10.2020
Malware payouts from insurance companies pose a threat to U.S. national security
Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation Fund
1.10.2020
Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund. The envisioned EU-administered fund will function as an insurance kitty for current and future victims of all crypto fraud. The petitioners...
Did a class-action suit play a role in Maker's refusal to compensate March crash victims?
25.9.2020
The community had originally voted in favor of compensation, but the final tally showed a different outcome
Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism
25.9.2020
Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted...
6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China
10.9.2020
Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid...
Hacked DeFi Platform Opyn Says They Will Reimburse the Victims in Full
5.8.2020
Options issuance platform Opyn said that they would reimburse the victims of a hack that occurred less than a day ago.
"We will be reimbursing ETH put sellers in full who were affected by the vulnerability," Opyn said this morning (UTC time). They added that more details on...
Ransomware Victims Are Fighting Back Against Their Attackers and Winning
27.7.2020
The initiative launched by Europol has stopped $630M+ in ransomware demands since 2016
How Billion-Dollar Crypto Scams Lure Victims
25.7.2020
In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear. Onecoin is one of the biggest...