Tag Archives: Crime

US Government Issues Advice Over Bitcoin Bomb Threat Emails

The U.S. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. The National Cybersecurity and Communications Integration Center (NCCIC), part of the Cybersecurity and Infrastructure Agency, announced Thursday that it is aware of such an email campaign worldwide. “The emails claim that a device will detonate unless a… Read More »

10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

Japanese prosecutors are seeking a 10-year sentence for Mark Karpeles, the former chief executive officer of now-bankrupt bitcoin exchange Mt. Gox. According to a report from The Mainichi on Wednesday, prosecutors claimed at the Tokyo District Court that Karpeles used customers’ funds for his own personal use. He reportedly transferred 341 million yen (or $3 million) of customers’… Read More »

Suspect Crypto Transactions Rise in Japan But Still Just 1.7% of Total

Japan’s cryptocurrency exchanges reported 5,944 suspicious transactions in the first 10 months of 2018. According to a report from Jiji Press on Thursday, the data was released by the country’s National Police Agency (NPA), which indicated the cases were reported from January to October of that year. The figure notably is 788 percent greater than the previous reported… Read More »

US Government Offering Up to $800K for Anti-Forgery Blockchain Solutions

The U.S. Department of Homeland Security is seeking to fund anti-counterfeiting solutions from blockchain startups with grants of up to $800,000. The DHS, through its unit Science and Technology Directorate (S&T), announced the non-dilutive funding, to be spread over four phases, on Tuesday through its Silicon Valley Innovation Program (SVIP). Non-dilutive funding means an entity doesn’t need to… Read More »

Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement

A senior U.S. official has called on the crypto industry and the wide global financial sphere to take steps to prevent malicious actors from using the tech for illicit purposes. Speaking at the American Bankers Association/American Bar Association Financial Crimes Enforcement Conference on Monday, U.S. Department of the Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker… Read More »

Man Tortured For His Bitcoin: 4 Ways to Protect Your BTC Funds

A Bitcoin trader from South Africa has reportedly been drugged, kidnapped, and tortured over his Bitcoin holdings. The assault happened after the man followed an invite to an anonymous presentation, highlighting the threats lurking on the internet.  Kidnapped Over Bitcoin  A bitcoin trader from the area of Lanseria in Johannesburg, South Africa, has reportedly been involved in what… Read More »

Bitcoin Trader on US Sanctions Blacklist Says He’s Innocent

Mohammad Ghorbaniyan says he’s been wrongfully blacklisted. An Iranian bitcoin trader, Ghorbaniyan was among the wallet holders whose names and blockchain addresses were added to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list last week. But in the wake of that event, Ghorbaniyan has told CoinDesk that he was unaware of the origins of his apparently… Read More »

Iranian Bitcoin Users Are Already Being Affected By New US Sanctions

On Wednesday, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced that two bitcoin addresses tied to Iran residents Ali Khorashadizadeh and Mohammad Ghorbaniyan were being added to its Specially Designated Nationals sanctions list, a first for the office. Hours later, Telegram channels across Iran began to light up with chatter about privacy and the security of bitcoin… Read More »

FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud

The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam. The new was announced Wednesday by the U.S. Attorney’s Office of the Northern District of Texas, which states that 30-year-old Jared Rice Sr. tricked hundreds of investors out of over $4 million and has now been charged with… Read More »