Tag Archives: Crimes

According to the documents released by the New York Office of the Attorney General, the judgment day finally comes to the castle of Bitfinex and the tower of Tether. Both companies were cheating with financial laws. And the development of their case only shows that Bitfinex is having some major troubles.The U.S. Supreme Court has destroyed Bitfinex, now it is the time to start packaging the inner functionaries.While examining the document, we can see that the Attorney General wants to dig...

The VeChain Hack announced by the Foundation Medium official page. It claims that the hacker took around 1.1 billion tokens (~$6,500,000) and transferred them onto this address. The coins associated with the hacker were marked on the VeChainStats website. Anytime the hacker will transfer the coins, the website will update the labels.VeChain Foundation is Tracing the CoinsAccording to the short report, VeChain is using special software to track the coins. They have sent notifications to many...

Yesterday, authorities in New Jersey arrested three men for running a cryptocurrency scam called BitClub Network, which defrauded unsuspecting investors of about $722 million. The announcement was made by U.S. Attorney Craig Carpenito in an official press release from the U.S. Attorney’s Office in the District of New Jersey.Initially reported by Bloomberg, Matthew Brent Goettsche, 37, of Lafayette, Colorado and Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, are both facing charges of...

Ethereum developer and a research scientist Virgil Griffith, who was last week arrested in Los Angeles, will be released from jail until trial. It was told by Brian Klein who acts as his defense lawyer.Just for reminder, Ethereum Foundation staffer Griffith has been arrested for reportedly going to a blockchain conference in North Korea where he wanted to share his knowledge of using cryptocurrency. However, such a move is said to violate the U.S. sanctions law.John Demers, an assistant...

Recently, popular Ethereum developer Virgil Griffith was arrested by the FBI for his educational efforts aimed at teaching blockchain technology in North Korea. According to our previous report, Griffith traveled there in spite of the U.S. sanctions prohibiting citizens from visiting the country, a specific note asking him to abandon his plans, and still performed activities authorities consider as jeopardizing. Ethereum co-founder Vitalik Buterin has now responded to the events, announcing...

The United States Attorneys in New York, together with the FBI agents, went on to issue a criminal complaint charging Virgil Griffith, Ethereum Foundation member. He is suspected of helping North Korea to prepare better measures of defense against the infamous U.S. sanctions.Not only the guy decided to travel to North Korea at his own expense, he was moving in the “vacation” style. He also delivered some tech presentations with consulting while he was in the country. He taught the locals...

The recent Upbit hack crashed all the cryptos down and again reminded crypto investors how vulnerable this sector is. However, this was the last among seven majors hacks that happened this year. So, let’s mention some of them:CryptopiaAround January 15, New Zealand-based cryptocurrency exchange Cryptopia said there was $3.2 million in tokens stolen and the company went into the liquidation. However, on Jan. 20, it was reported that as much as $16 million worth of Ethereum (ETH) and ERC20...

Earlier today, news of a possible hack on one of South Korea’s biggest cryptocurrency exchange platforms Upbit made the rounds. Reports had it that the exchange’s customers were confused because they noticed quite a few irregularities with their accounts including the inability to transfer funds. In a recent publication, Upbit has now confirmed that a large and unauthorized amount of funds was moved to an unknown wallet.It’s also worth mentioning that this news has negatively influenced the...

In what seems like a story out of spy movies, the Russian service of the British Broadcasting Corporation (BBC) has allegedly linked about $450 million of missing crypto assets from the long moribund cryptocurrency exchange Wex with to Russia Federal Security Bureau (FSB).The BBC has for six years been investigating the collapse of BTC-e which many have believed was a front for the alleged laundering of over $4 billion worth of Bitcoins and why Alexander Vinnik is being accused of the same....

One of the most popular court cases in the crypto industry is the one between the Kleiman estate and Bitcoin SV founder, Craig Wright. The case, however, took a new turn recently, when a certain document filed on Oct. 30 in the Southern District of Florida, revealed that Wright has pulled out of the settlement already negotiated, claiming that he’d be unable to finance it.Before now, the plaintiffs had somewhat suspended active pursuance of the case because it had already begun to focus more...