There were 12 major cryptocurrency exchange hacks in 2019. In total, over $292 million and over 500,000 pieces of customer data were stolen. Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of cryptocurrency and…
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The North American Securities Administrators Association says cryptocurrency investment schemes are one of the top investor threats in 2020. Cryptocurrency investment is among the top five investor threats for 2020, according to the North American Securities Administrators Association (NASAA). The NASAA, the oldest international investor protection organization, has officially announced the top five products or…
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Greece’s top administrative court has suspended the decision to extradite Alexander Vinnik, who is accused of laundering billions of dollars through a cryptocurrency exchange. Greece’s top administrative court has suspended a decision to extradite Alexander Vinnik, a Russian national suspected of laundering of billions of dollars through a cryptocurrency exchange. According to Reuters on Dec.…
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Cyprus’ SEC recently flagged three investment platforms that look almost identical and falsely asserted ties to licensed firm BDSwiss. Cyprus’ Securities and Exchange Commission (CySEC) recently issued a warning against almost 200 unregistered investment platforms, three of which look strikingly similar and falsely advertise ties to licensed and regulated firm BDSwiss. The CySEC posted an…
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The New York Southern District Court granted a continuance in the lawsuit against David Pike over his alleged link to the OneCoin Ponzi scheme. The New York Southern District Court granted a continuance in the lawsuit against David Pike over his alleged link to the OneCoin Ponzi scheme. Finance news outlet FinanceFeeds reported on Dec.…
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Alleged $4 billion BTC launderer Alexander Vinnik to be extradited to France despite Russia’s multiple efforts to bring him to the country of his citizenship. Alexander Vinnik, the alleged former operator of now-defunct crypto exchange BTC-e, will be extradited to France, according to a new decision from Greece. Following years of disagreement on what jurisdiction…
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A 19-year old U.S. resident has been indicted for identity theft as part of an alleged $1+ million cryptocurrency heist affecting at least 75 American victims. A 19-year old man has been indicted for identity theft as part of an alleged $1+ million cryptocurrency heist affecting at least 75 victims in the United States. A…
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The ghost of what has likely become one of the world’s biggest ponzi schemes lingers on for crypto traders amid claims of sell-offs manipulating Bitcoin price. Ether (ETH) price faced fresh selling pressure on Dec. 19 as a giant transaction associated with the PlusToken ponzi scheme worried traders. Data from Twitter-based monitoring resource Whale Alert,…
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Two Canadian brothers hacked the account of a HitBTC user to steal 23 BTC in July 2018, but will now face sentencing for wire fraud. Two Canadian men who defrauded a Bitcoin (BTC) investor out of $140,000 by impersonating exchange HitBTC may serve two years in prison. According to court records on Dec. 16, brothers…
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Legal action against Circle Society and its operator continues, two months after regulators charged both with fraud over an alleged $11 million BItcoin scheme. A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million. In a filing with the United States…
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