A young cryptocurrency trader has made history as the first to be charged with criminal fraud for allegedly stealing $2 million USD in bitcoin and litecoin from the Chicago trading house he worked for. Also see: Gong Xi Fa Cai! Bitcoin Tops $10k Again as Chinese Year of the Dog Begins Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders … [Read more...] about Chicago Trader the First to Be Charged With Cryptocurrency-Related Fraud
Criminals are laundering "billions" using bitcoin and other cryptocurrencies, according to E.U. law enforcement agency Europol. Although director Rob Wainwright used the statistics to call for more industry and regulatory action to combat it, some commentators noted the amount is tiny compared to that passing through the heavily-regulated banking system. Also see: John … [Read more...] about Europol Worries About Billions in Bitcoin Money Laundering, but What About ‘Regulated’ Banks?
The team behind the Seele ICO, which recently saw investors defrauded of $2 million USD worth of ETH in an alleged Telegram group scam, says it is determined to find out what happened and will "make detailed compensation plans". It also further clarified how a scammer managed to infiltrate its chat group by impersonating an official core team member -- an important lesson for … [Read more...] about Seele Explains How Its Investors Got Tricked, Promises Investigation and Possible Compensation
Potential investors in the upcoming Seele ICO claim they have been robbed of over $2 million in ETH, by members of a trusted project group or those impersonating them. Two accounts listed as approved admins in the project's Telegram group, "SeeleSupport" and "nicsmith", allegedly solicited ETH for private sale from syndicate pools, then disappeared. Also read: Litecoin’s … [Read more...] about Seele ICO Investors Stung in $2 Million Telegram Group Scam
This week ominously marks the first time a casual bitcoin trader in Britain was robbed of their digital assets at gunpoint. Balaclava-clad armed assailants recently broke into a Moulsford man's home and forced him to transfer over an undisclosed, though presumably non-trivial, sum of bitcoins. Also see: TNABC Miami 2018 Video Report: Mainstream Media’s View, With Bianca Chen … [Read more...] about Yikes: Bitcoin Trader in Britain Held at Gunpoint, Bitcoin Stolen