Australia Bitcoin Crime Bitcoin Scams Cryptocurrency News india Plus Gold Union Coin 

$28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail

Indian police arrested an Australian citizen who had operated a crypto Ponzi scheme that defrauded victims by $28 million. | Source: Shutterstock (i), PGUC (ii). Image Edited by CCN An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him – but not before he defrauded victims out of $28 million. ‘Hybrid crypto’ with low risks and high returns India’s Special Task Force (STF) arrested Sydney resident Harpreet Singh Sahni in a hotel near the Delhi airport, the Times of India…

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bitcoin Bitcoin Crime Destination Bitcoin Op-ed William Green 

Feds Rightfully Indict New Jersey Man for Running Illegal Bitcoin Exchange

One of the many problems with bitcoin is that regulatory policy is still developing, and it is individuals like William Green that will always require cryptocurrency never stray far from the very governments they seek independence from. Unregistered Bitcoin Exchanges Are Illegal William Green, a New Jersey resident, was indicted by a federal grand jury because he operated an unlicensed “money transmitting business”. He converted $2 million worth of money into bitcoin. William Green’s website, “Destination Bitcoin”, would take money from people, deposit their cash into his bank accounts, convert…

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bitcoin Bitcoin Crime Cryptocurrency News florida 

Florida Inmates Used Bitcoin to Bankroll Crazy Money Laundering Scheme

Authorities at the Pasco County jail in Florida recently caught inmates in an elaborate money laundering scheme involving Bitcoin and the dark web. Florida Inmates Find The Best Money Laundering Counterparty: The Government The scheme reportedly involved buying stolen credit card information on the dark web with Bitcoin. Then, using the stolen cards to fund their commissary accounts, inmates released the funds to co-conspirators on the outside. Just over $8,000 was stolen throughout 43 transactions, deputies reported. It’s unclear how many people were involved in the scheme. Reportedly, multiple inmates…

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Bitcoin Crime bitfinex Cryptocurrency News 

Israeli Crypto Scamming Bros Arrested for 2016 Bitfinex Hack

Two Israeli brothers have been arrested in connection with a cryptocurrency scam involving “tens of millions” of dollars. Jerusalem-based Eli and Assaf Gigi were involved in a scheme were they accessed traders’ wallets and took the coins for themselves, Finance Magnates reports. The brothers are also reportedly suspected by investigators of links to the 2016 Bitfinex exchange hack. The incident led to the loss of around $65 million in bitcoin in 2016. A police spokesperson refused to further discuss the link with the publication. How the Brothers Conducted the Scam…

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Bitcoin Crime Cryptocurrency News cryptocurrency scams law lawsuit 

Cryptocurrency Scammer Dubbed ‘Coyote of Wall Street’ Pleads Guilty

By CCN Markets: A scammer that called himself the “coyote of Wall Street” has admitted to telling clients he would invest their money in cryptocurrency only to keep it for himself. Patrick McDonnell, a 46-year-old from Staten Island in New York, pleaded guilty to one count of wire fraud on Friday. He explained to U.S. District Judge Nicholas Garaufis, in comments reported by Bloomberg, that he spent the money on himself: I perpetrated a fraud. I claimed to invest it in virtual currency and spent it on personal expenses. How…

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

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Alex Johnson bitcoin Bitcoin Crime Crypto Ivana Smit Luna Johnson 

Bitcoin Millionaire Admits Steamy Sex Affair, Denies Model’s Grisly Murder

 By CCN: Bitcoin tycoon and Everus World founder Alex Johnson and his wife engaged in a threesome that ended with the mysterious death of a Dutch model in December 2017. Ever since, the couple has been living as outcasts, moving from one city to another while hiding from the anger and threats of vigilantes. Now, after 18 months, the Johnsons have broken the silence, claiming their innocence in the grisly murder case and calling for an end to their “witch hunt.” While they denied their involvement in her death, the…

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Baltimore bitcoin Bitcoin Crime Crypto NSA 

NSA’s Terrifying Bitcoin Ransomware Leaves Baltimore Begging for Help

By CCN: As Baltimore’s crippling bitcoin ransomware siege enters its fourth week, an official in the U.S. city demanded that Maryland Governor Larry Hogan declare the incident an emergency, the United Press International reports. Per Baltimore’s City Council President, Brandon Scott, a letter has already been sent urging Hogan to seek federal assistance: “I sent a letter to Gov. Hogan, asking him to officially ask and declare for federal disaster relief funds.” Baltimore & Cyber Terrorists Extend 13-Bitcoin Standoff The ransomware attack, which was first discovered on May 7, has…

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Bitcoin Crime Crypto russia Sberbank 

Russia’s KGB Successor Warns Terrorists are Turning to Cryptocurrencies

By CCN: Terrorist organizations getting support in the form of cryptocurrency are becoming the norm, according to Russia’s FSB director Alexander Bortnikov. As per local news portal RBC, citing media agency Tass, the chief of Russia’s Federal Security Service (the FSB’s successor) reported on the latest updates in the international terrorist networks at a meeting of the heads of security agencies of Commonwealth of Independent States (CIS) member states. “Electronic payment systems and cryptocurrencies are increasingly being used by terrorists to move money received from some states and organizations that…

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Bitcoin Crime bitgo Crypto Sean Coonce 

Crypto Engineer Details ‘Embarrassing’ $100,000 SIM-Hack Bitcoin Theft

By CCN: SIM hijackers aiming to steal bitcoin and other cryptocurrencies are getting bolder and more daring. No longer are they just going for the soft targets but are now even pursuing the technologically adept and sophisticated. One such victim is the engineering manager at cryptocurrency custodian BitGo, Sean Coonce. In a bold move, the blockchain engineer has publicly revealed that attackers stole bitcoin worth more than $100,000 from his Coinbase account. The attackers managed this over a period of 24 hours while carefully concealing any evidence that something was…

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