The $272,000 seized was not a very large part of the amount seized, but it shows that the militarized hackers working for the Democratic People’s Republic of Korea are not too choosey about what they will pillage. The case involves hacks on at least 10 exchanges.
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Three charged in BitClub Network’s alleged $722 million bitcoin Ponzi scheme
Three men are accused of using the BitClub Network cryptocurrency mining pool to defraud investors, referring to them as ‘sheep’ and ‘idiots’
A Ponzi scheme that stole $722 million from investors in a fraudulent cryptocurrency mining pool has been broken up by FBI and IRS agents, according a federal indictment. BitClub Network promised investors around the world shares in the earnings of a major non-existent bitcoin mining pool.
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RECoin, Diamond ICO scammer Maksim Zaslavskiy jailed 18 months
Prosecution of the RECoin and Diamond initial coin offering set precedent defining cryptocurrencies as securities
Maksim Zaslavskiy was sentenced to 18 months in prison on November 18 for conspiracy to commit securities fraud in the RECoin and Diamond initial coin offerings.
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Bitfinex, Tether again face market manipulation accusations
The embattled cryptocurrency exchange and stablecoin issuer jointly announced that a “meritless and mercenary lawsuit” is coming.
It seems the New York Attorney General is not the only person accusing sister companies Bitfinex and Tether of breaking the law. A paper accusing the companies of market manipulation designed to boost the price of Bitcoin will be published soon.
