Indian Police Make Fourth Arrest in $70 Million Crypto Scam

Delhi cyber crime police have made further developments in the unfolding cryptocurrenvy scam run by an organization going by the name ‘Flintstone Group’. The group launched a fraudulent cryptocurrency called Money Trade Coin (MTC), hoodwinking 25,000 investors with promises of massive returns which, of course, never materialized. After making three arrests last year including Flintstone The post Indian Police Make Fourth Arrest in $70 Million Crypto Scam appeared first on CCN

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Bitcoin Wallet Malware Scam Targets Electrum Users And Garners Over 200BTC

An attack on the Electrum bitcoin wallet has so far netted hackers over 200 bitcoin worth around $750,000. The attack began on December 21, 2018. Though it has victimized some unsuspecting users, it can be avoided. Electrum is a Bitcoin wallet which doesn’t require the user to download the full blockchain. Instead, servers remotely provide The post Bitcoin Wallet Malware Scam Targets Electrum Users And Garners Over 200BTC appeared first on CCN

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Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report

According to a Cluj, Romania-based newspaper, the case of bitcoin exchange executive Vlad Nistor is much deeper than the simple illegal operation of a cryptocurrency firm. Their most recent report on the case speaks to some much more serious allegations as to the behavior of Vlad Nistor. More Details Emerge in Bitcoin Exchange CoinFlux CEO’s The post Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report appeared first on CCN

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TKO: Floyd Mayweather, DJ Khaled Knocked out by SEC Probe into ICO Promos

Pro boxing champ Floyd Mayweather Jr. and music producer DJ Khaled agreed to pay the Securities and Exchange Commission a combined $767,500 to settle charges of illegally promoting ICOs. These are first cases the SEC has brought violations involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional The post TKO: Floyd Mayweather, DJ Khaled Knocked out by SEC Probe into ICO Promos appeared first on CCN

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Guilty Conscience? $30M Crypto Exit Scam in South Korea Refunds Victims

Earlier this week, a crypto exit scam in South Korea called “Pure Bit” disappeared with more than $30 million in user funds. On November 4, the group conducted an initial coin offering (ICO) to raise nearly $30 million using Ethereum (ETH) to build a cryptocurrency exchange. On November 13, as CCN reported, Pure Bit and The post Guilty Conscience? $30M Crypto Exit Scam in South Korea Refunds Victims appeared first on CCN

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Belgium Regulator Blacklists 21 Crypto Firms Suspected of Fraud

The Financial Services and Markets Authority (FSMA) has added 21 new websites of suspected cryptocurrency scams to its blacklist. Belgium’s financial regulator published the list on its official website, bringing their tally of suspected crypto scams in the country to 99. The agency found that despite their prior warnings concerning the risks associated with crypto The post Belgium Regulator Blacklists 21 Crypto Firms Suspected of Fraud appeared first on CCN

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Bitcoin-Stealing Malware Targets Fortnite Gamers

The release of season six for the popular Fortnite video game has inspired the development of bitcoin-stealing malware disguised as game cheating tools. Malwarebytes Labs has discovered malware disguised as cheat tools that can steal data and bitcoin from Fortnite gamers, according to Christopher Boyd, the lead malware intelligence analyst. Malwarebytes Labs found the malware … Continued The post Bitcoin-Stealing Malware Targets Fortnite Gamers appeared first on CCN

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U.S. States Ask Indian Authorities to Seize Property of BitConnect Promoters

News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running The post U.S. States Ask Indian Authorities to Seize Property of BitConnect Promoters appeared first on CCN

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