Serbian Man Extradited to US After Being Indicted in $70M Crypto Fraud
The scheme allegedly included offering bitcoin at “half market price.”…
Crypto Hedge Fund Founder Pleads Guilty to $90M Fraud
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle.…
$4.3 Million Lost as Crypto Scams in Australia Rise 190% in 2018
Authorities in Australia received 674 reports where cryptocurrency was used to pay scammers in 2018.
A 190% increase in cryptocurrency scams saw Australian consumers lose $6.1 million Australian dollars ($4.3 million)…
Tribeos Demos Bitcoin Cash-Powered Digital Advertising Marketplace
On April 3, digital advertising marketplace Tribeos published a demonstration of a software application that utilizes the Bitcoin Cash (BCH) network. The ambitious platform plans to launch in Q3 of…
Quadrigacx Co-Founder Michael Patryn Is Actually Convicted Fraudster Omar Dhanani
Quadrigacx co-founder Michael Patryn is actually a convicted criminal who went by the name Omar Dhanani, a Bloomberg report alleges. Dhanani has been previously convicted of identity theft linked to…
Self-Proclaimed ‘Satoshi’ Responds to Billion-Dollar Bitcoin Lawsuit
The man who claims to have invented Bitcoin, Craig Wright, is being sued in Florida for roughly $10 billion or 1.1 million BTC. Last December Florida district Judge Beth Bloom…
The Daily: Bitmain Launches Crypto Index, Xolaris Sets up Bitcoin Mining Fund
In this edition of the Daily, we cover Bitmain’s new cryptocurrency index and the establishment of a fund that will invest in bitcoin mining. We also look at a recently…
Crypto Detectives Project Rates and Investigates Suspicious ICOs
An online platform created in Russia has set a noble goal of making the cryptocurrency industry safer for investors. The project investigates initial coin offerings (ICOs) that have raised suspicions…
Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency
In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We…
Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud
Boxing superstar Floyd Mayweather and rap producer DJ Khaled face a legal battle for serving as celebrity endorsers to an initial coin offering (ICO) accused of fraud. The founders of…
US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million
A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures…