Tag Archives: Security & Ransomware

The U.S. Department of Justice (DOJ) has arrested security engineer Shakeeb Ahmed for engaging in the $9 million theft of an unnamed decentralized crypto exchange (DEX). The DOJ Has a Suspect The DOJ alleges Shakeeb created fake pricing data to generate fees through the exchange, which later allowed him to make ongoing withdrawals. He was arrested in mid-July of this year – approximately 12 months after he took part in the attack – following several days of...

A series of fake bomb threats aimed at some of America’s largest retailers has law enforcement baffled. The threats involved perpetrators asking for gift cards and bitcoin in exchange for not setting off explosives or doing lots of damage. Bomb Threats and Bitcoin… A Deadly Match? Among the big-name stores being targeted by the bomb threats are Kroger, Meijer, Walmart, and Whole Foods. The threats also took place in several states rather than isolated regions....

An 82-year-old woman in the city of Crawford, Texas has lost $15,000 to crypto scammers. The good news is that she’s gotten her money back, but the incident has sparked a serious feud between the McLennan County Sheriff’s Office and Lux Vending (operating as Bitcoin Depot), the crypto ATM company that served as the medium of transfer for the potentially illicit activity. Bitcoin Depot Says It’s the Victim The sheriff’s office wound up seizing cash from the machine...

Reginald Fowler – age 64 and a former part owner of the Minnesota Vikings football team – has been sentenced to six years in prison for his role in a crypto-related scam. Reginald Fowler Heads to Jail Fowler is alleged to have defrauded the short-lived professional football organization Alliance of American Football. The scam is said to have lost investors as much as $700 million at the time of writing. Originally from Chandler, Arizona, Fowler was found guilty in...

The Commodity Futures Trading Commission (CFTC) has warned that while it’s doing all it can to end crypto fraud, it admitted that there’s nothing it can do about all the illicit activity out there, and thus there’s likely to be things here and there that vanish from its radar or go unnoticed. The CFTC Doesn’t Have that Much Power Christy Goldsmith Romero – one of five commissioners at the CFTC – announced in a recent interview that crypto cases account for roughly...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A man in Aurora, Colorado has been accused of stealing roughly $9 million in crypto funds. 31-year-old Mark Shin has been charged with theft, cybercrime, and money laundering at the time of writing for allegedly taking part in a scheme back in April of 2020 through his home computer. Mark Shin: Stealer or...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Mona Faiz Montrage – an influencer on Instagram that’s originally from Ghana, but now lives in New Jersey – has been arrested for allegedly taking part in a romance scam that saw several old men send her lavish gifts including prepaid cards and cryptocurrency. Mona Montrage Sent to Court According to her...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ohio law enforcement agencies are telling residents about several growing crypto scams in the area that are targeting members of the elderly community. Ohio Is a Center of Crypto Fraud There are many crypto scams out there that seek to take advantage of older generations given they don’t always understand how...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Three years ago, the world watched in horror as one of the most prominent crypto scams to ever occur on Twitter unfolded before their very eyes. Man Faces Prison for Twitter Crypto Hack in 2020 Many high-profile accounts – including those of Bill Gates, Elon Musk, and former president Barack Obama – were hacked...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A senior citizen in British Columbia, Canada is the latest victim of a cryptocurrency scam. It’s estimated that the victim, who remains unnamed, has lost more than $7 million. British Columbia Citizen Conned Out of Tons of Crypto British Columbia authorities have stated this is arguably one of the worst digital...