Binance has offered a $300,000 reward for information leading to the capture of an individual who posted 10,000 photos of users and their identity documents that may have come from the leading cryptocurrency exchange’s customer data.
Kik Interactive responded angrily yesterday to a lawsuit by the U.S. Securities and Exchange Commission alleging its $100 million initial coin offering of the Kin cryptocurrency was illegal. The case is the SEC’s highest-profile action to date claiming that an ICO violated the law by selling an unregistered security to the public.
A California judge gave Brian Armstrong’s cryptocurrency exchange Coinbase three quarters of a win Tuesday, throwing out fraud and unfair competition allegations.
A Canadian Bitcoin YouTuber turned the tables on a scammer this week, convincing a con artist—who promised to double bitcoin investments in 24 hours—to send him $50 worth of the cryptocurrency. He promptly passed it along to Bitcoin Venezuela, a charity providing food in the suffering country.