Police: Dispute over Bitcoin Account Led to Connecticut Home Invasion

Two women have been arrested in connection with a March home invasion in Killingly, CT, where victims were not only robbed but also allegedly pistol-whipped and attacked with an electric cattle prod. The incident, police said, was the tragic culmination of a dispute involving a bitcoin account. Incident Details Apparently, the home invasion occurred because

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Norwegian Man Brutally Murdered Following In-Person Bitcoin Trade

A Norwegian man was brutally stabbed to death shortly after completing an in-person cash-for-bitcoin exchange, and investigators believe that the two events may be linked. According to Norwegian news organization TV 2, the stabbing occurred on Monday morning at the 24-year-old victim’s apartment in Majorstuen, an affluent neighborhood in Oslo, likely between 7:50 am and

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North Dakota Regulator Issues Cease and Desists Against 3 ICOs

The North Dakota Securities Department last week issued cease-and-desist orders against three companies promoting initial coin offering (ICO) in the state. Karen Tyler, the Securities Commissioner, named Crystal Token, Advertiza Holdings (Pty) Ltd., and Life Cross Coin aka LifecrosscoinGmbH, as the latest offenders involved in illegal business practices related to cryptocurrencies. Investigations found that the accused

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PSA: Hackers Are Using Fake Flash Updates to Hide Cryptocurrency Mining Malware

cryptocurrency mining malwareIt has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. Cryptojacking Breaks New Ground While fake Flash updates that push malware have traditionally been easy to spot and avoid, a

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Thailand Police Arrest Prime Suspect of $24 Million Bitcoin Fraud Scheme

Thailand Bitcoin ScamThe alleged mastermind of the bitcoin fraud scheme which saw a Finnish investor lose 5,564 bitcoins in Thailand has been arrested. Prinya Jaravijit, who is the principal suspect in swindling Finnish national Aarni Otava Saarimma out of bitcoin worth 797 million baht (approximately US$24 million) was arrested at Bangkok’s Suvarnabhumi Airport on October 11, according

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$6.4 Million of Thai Actor’s Family Assets Seized in $24 Million Bitcoin Fraud Case

Thailand BitcoinTen months after a Finnish national filed a complaint after losing 5,564 bitcoins to fraudsters in Thailand, the family of the Thai television actor Jiratpisit ‘Boom’ Jaravijit is now the target of the country’s anti-money laundering agency in relation to the scam. According to The Nation, Thailand’s Anti-Money Laundering Office (AMLO) has seized assets worth

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Hacked Bitcoin Exchange Zaif Discontinues New Registrations

Tech Bureau Inc., the owner of Zaif exchange, decided to suspend new account registrations at their trading platform temporarily. The decision came on September 28, 14 days after a hacking incident took place at Zaif and caused the crypto exchange more than $60 million worth of damages. Tech Bureau said in its press statement that

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Philippines Deports Mastermind of $33 Million Bitcoin Pyramid Scheme

The Bureau of Immigration of the Philippines had ordered the deportation of a South Korean national who is wanted in South Korea over his involvement in a bitcoin pyramid scheme. Identified as Go Yongsung, the South Korean was arrested in the city of Las Pinas. According to Jaime Morente, a Bureau of Immigration Commissioner, the

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Bitcoin Scam Ads are Destroying Lives, Says Money Expert Suing Facebook

People who have lost their entire savings to fraudulent bitcoin investment schemes advertised on Facebook are turning suicidal, Martin Lewis says. The U.K.-based consumer advisor, who runs MoneySavingExpert.com, blamed Facebook for causing the financial catastrophe by promoting scam ads on its trusted social network, many featuring himself. Lewis in April launched a lawsuit against the

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Bitcoin Fraudsters Impersonated U.S. Regulators, Forged CFTC Documents

The Commodity Futures Trading Commission (CFTC) has filed charges against two cryptocurrency fraudsters who impersonated U.S. regulators and forged documents as part of a scheme to steal bitcoin from retail investors. According to a complaint filed last Friday in the U.S. District Court for the Northern District of Texas, the defendant(s) — operating under the

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