Indian Police Arrest Asian Chief of Multi-Billion Crypto Scheme Bitconnect

A high-ranking promoter of Bitconnect has been arrested at the Delhi airport India for his involvement in the alleged multi-billion dollar Ponzi scheme that blew up earlier this year. Bitconnect was touted as a multi-level marketing venture wherein a trading bot would generate revenue for investors over time. Funds would be deposited, locked for a time with no

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Thailand: Stockbroker Indicted in $24 Million Bitcoin Fraud Pleads Innocence as Victim

Prasit Srisuwan, a well known Thai stock investor who has been roped into the ongoing probe over a $24 million bitcoin fraud case has denied being a party to the fraud. The Bangkok Post reports that Srisuwan told a press conference that he is in fact a victim of a fraudulent transaction which left a

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South Korean Businessman Loses US$2.3 Million in Bitcoin-Fiat P2P Scam

An offline peer-to-peer exchange of bitcoin to fiat turned sour for a South Korean businessman after it emerged that the euros he had swapped for his cryptocurrency holdings were fake. According to Agence France-Presse (AFP), the Singapore-based South Korean businessman who runs a cryptocurrency firm intended to exchange the bitcoins worth approximately US$2.3 million for

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Chinese Police Arrest Hackers Behind $87 Million Cryptocurrency Theft

Chinese police have reportedly arrested three suspected hacked alleged to have stolen bitcoins and other cryptocurrencies worth $87 million. According to a report in Xinhua, China’s state-owned press agency, police in the city of Xi’an in northern China first began investigating a complaint by a victim who alleged hackers had compromised his computer to steal

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Hawaiian Electric Utility Scam Threatens Disconnection Unless Bitcoin Bill is Paid

It’s a case of an old scam in a new wineskin. Customers of electric utility companies in the state of Hawaii are being targeted by scammers who are relying on the relative anonymity offered by cryptocurrencies. The fraudsters are calling the customers of power firms that include Hawaii Electric Light, Maui Electric and Hawaiian Electric

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EA Hacker Ordered to Post $750,000 Bail in Cryptocurrency

A man who stands accused of illegally accessing the secure network of well-known gaming company Electronic Arts (EA) was arrested in San Francisco National Airport on Aug. 8 attempting to board a flight to Serbia. EA is responsible for games like FIFA, Battlefield, and Star Wars Battlefront and manages assets in excess of $8.5 billion. Martin Marsich, 25, made

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Bitcoin Mining Farm in Norway Receives Bomb Threat as Noise Complaints Mount

It appears that the cryptocurrency revolution is not all that welcome in Norway, with a bitcoin mining facility in a remote part of the country receiving a bomb threat. According to the Vakdalposten newspaper, the mining company, which is called Kryptovault and operates in the cities of Follum, Honefuss, and Dale, received the bomb threats

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1 in 3 U.K. Businesses Hit by Cryptojacking in July: Study

A new study published by Citrix has suggested that approximately 30 percent of businesses in the U.K. fell victim to cryptojacking attacks in July alone, as criminals continue to push malware that secretly uses the processing power of their computers to mine cryptocurrency. The research, which was commissioned by software company Citrix, asked 750 IT

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Thailand Bitcoin Fraud Case Ropes in Bank Staff and Prominent Stock Investor

The investigation into the Thailand bitcoin fraud case involving a Finnish national who lost 5,564 bitcoins to Thai fraudsters has now widened its reach to include a stock investor and bank employees. According to the Bangkok Post, Prasit Srisuwan, an investor at the Stock Exchange of Thailand, as well as employees of three Thai commercial

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Bitcoin Investor Sues AT&T for $224 Million after Mobile-Linked Theft

A bitcoin investor has sued telecommunications giant AT&T for $224 million after losing millions of dollars worth of cryptocurrency in a theft that he says is the cellular service provider’s fault. According to CNBC, California resident Michael Terpin has filed a 69-page complaint against AT&T in U.S. District Court in Los Angeles, in which he

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