Latest Bitcoin Scam: Demanding Crypto to Return Lost Dog

A woman in Youngsville, North Carolina, whose pet dog had gone missing, was told to pay a bitcoin ransom by criminals claiming to have taken the family pet. Patricia Howell was told to pay $600 in bitcoin or Happy the basset hound would be sold or killed. The pet owner said that she knew it

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US Government Opens Criminal Probe into Bitcoin Price Manipulation: Report

The United States’ Justice Department has reportedly opened a criminal investigation into possible market manipulation of prices of cryptocurrencies including bitcoin by traders. Citing sources familiar with the probe, Bloomberg is reporting that the United States Department of Justice (DOJ) is working alongside the Commodities and Futures Trading Commission (CFTC), the markets regulator, to focus

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1000 Bitcoins Seized in Landmark Israeli Money Laundering Case

The cybercrime division of the State Attorney’s office of Hebron, Israel indicted local resident Hilmi Git on Monday for allegedly using over 800 Israeli credit cards to carry out 20,000 fraudulent transactions and laundering the money using bitcoin. The indictment, filed in the Tel Aviv district courts, alleges that the transactions they claim Git made

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Founders of $32 Million Mayweather-Backed ICO Indicted for Securities Fraud

The founders of a high-grossing initial coin offering (ICO) have been indicted for defrauding investors in the course of operating their cryptocurrency company, Centra Tech. On Monday, the US Attorney’s Office for the Southern District of New York announced that it had filed charges against Sohrab Sharma, Raymond Trapani, and Robert Farkas, who co-founded and

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Greek Police Uncover Plot to Kill Accused Bitcoin Launderer/BTC-e Administrator

Greek police recently discovered a plan to kill Alexander Vinnik, a Russian national detained in Greece at the United States’ request under suspicion of money laundering, an unnamed source told Sputnik. Vinnik is wanted in the U.S. for allegedly laundering more than $4 billion in bitcoins. The sum includes funds stolen from the now-defunct bitcoin

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Greek Police Uncover Plot to Murder Alleged Bitcoin Launderer Alexander Vinnik

Greek authorities have reportedly managed to uncover a murder plot targeting Russian national Alexander Vinnik, which was arrested in the country earlier this year, suspected of laundering $4 billion in bitcoin through cryptocurrency exchange BTC-e. According to news source Sputnik, Greek police received information about the murder plot earlier this year, but decided not to

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Cryptojacking Attack Hits Hundreds of Websites to Mine Monero

Cryptojacking has been one of the most significant security threat researchers have been facing ever since cryptocurrencies took off last year. Mining requires computational power, and in return, miners are awarded a small amount of cryptocurrency. With cryptojacking, hackers infect machines and secretly use them to mine cryptocurrencies. According to a report by the UK’s

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Busted: Britain Confiscates $700,000 in Bitcoin from Hacker

A British court will this month sentence a 26 year old cyber-fraudster, from whom Scotland Yard seized about $700,000 in bitcoin proceeds earned from cyber-crime activities in 2015. The seizure of the $700,000 worth of bitcoin from Grant West last year is one of the first such seizures of cryptocurrency from any cyber-criminal in Britain.

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Those 600 Missing Iceland Bitcoin Miners Could Be in China

With an inquiry to police in China, Icelandic authorities are checking to see if the 600 missing bitcoin miners from Iceland’s ‘Big Bitcoin Heist’ have surfaced in Asia. According to a report by the Icelandic National Broadcasting Service (RUV), the country’s national public-service broadcaster, the island’s police have sent Chinese police an inquiry about the

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‘Big Bitcoin Heist’ Suspect Regrets Fleeing Iceland after Jailbreak

Sindri Thor Stefansson, a 31-year-old man who escaped from prison in Iceland and was rearrested two weeks ago in the Netherlands, has expressed regret for the jailbreak and his decision to flee the country, where he was a suspect in a crime dubbed the Big Bitcoin Heist. Stefansson confessed his feelings about the jailbreak during

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