The US Commodity Futures Trading Commission (CFTC) is charging a US trader with running a Bitcoin-based Ponzi scheme after fraudulently soliciting US $600,000 from 80 clients. Also read: Decentralized Exchanges a Step Closer After Litecoin to Bitcoin Atomic Swap CFTC Takes Action Against Alleged Bitcoin Ponzi Scheme New York trader, Nick Gelfman, and his company Gelfman … [Read more...] about CFTC Goes After New York Trader for Operating a Bitcoin Ponzi Scheme
A lot has changed since Bitcoin was thrust upon the world about eight years ago. A world that once criticized, scorned, and mocked this technology has had to take notice -- and embrace what is possibly the greatest paradigm shift of the 21st century. The scandals and controversies of the past have taken a backseat to progress and prestige. On the other hand, these last few … [Read more...] about Bitcoin Crime and Punishment: Who’s Looking After the Users?
On 21st July, Genesis Mining temporarily suspended daily payouts to mitigate losses, after a hacker gained access to a hot wallet. The company said it would reimburse customers for any missing funds. Also read: Bitstamp: No Support for ‘Altcoin’ Bitcoin Cash – for Now Why Were Daily Payouts Suspended? In a service update released on the Genesis Mining blog, the cloud … [Read more...] about Genesis Mining Promises to Pay Users After Hot Wallet Hacked
Alexander Vinnik, the Russian man arrested in Greece and accused of laundering over $4 billion USD in bitcoin, is also the prime suspect in the 600,000+ bitcoin Mt. Gox theft. That's according to a blockchain investigator who's spent three years working on the case. Also read: Russian Arrested for Allegedly Leading BTC-e Money Laundering Ring Investigator: Vinnik Has Long … [Read more...] about Arrested Vinnik a Chief Suspect in Mt Gox and Other Bitcoin Thefts
The trial of Mt. Gox CEO Mark Karpeles began at the Tokyo District Court today. Although a number of people with a long-time association with the case showed up to watch, few expect any satisfaction from its result. Also read: US Attorney Holds Info Session for GAW Victims Ahead of Garza Sentencing A number of people with an interest in the Mt. Gox case arrived at the … [Read more...] about Few Expect Closure or Important Answers as Karpeles Trial Kicks Off