Vancouver ICO firm co-founders alleged to have defrauded investors of $30 million over EtherParty ICO

RCMP Investigation According to court filings in Canada, Kevin Hobbs and Lisa Chang, the two co-founders of an ICO called EtherParty FUEL and an associated company, Vanbex, based in Vancouver, are allegedly under investigation by the Federal and Serious Organized Crime Division of the RCMP for, inter alia, fraud and are also allegedly under investigation by [...]

Alleged drug dealer in Vancouver tied to Silk Road facing extradition

A Vancouver man, James Ellingson, is the subject of an extradition request by the US, based on charges that include money laundering and narcotics importation from the Southern District of New York (“SDNY“). Ellingson was arrested in Vancouver on October 29, 2018, under an Extradition Act provisional warrant. According to the SDNY, Ellingson sold drugs on the [...]

Listed terrorist organization asks for Bitcoin

According to an article in CCN today, a person who may be a supporter of HAMAS, a listed terrorist organization, allegedly took to social media – in particular Twitter – to solicit financial support with Bitcoin. The Twitter account is still operational even though, if the story is accurate, the tweet constitutes an attempt at [...]

Dark Overlord hacks into US law firm systems and obtains 9/11 files

According to news media, the hacking group Dark Overlord has hacked the systems of a large law firm in the US and obtained privileged and confidential records that were published online at Pastebin. The files are allegedly encrypted and the group is seeking payment in Bitcoin, failing which they will make all the documents available. [...]

Two US lawmakers introduce bills to prevent Iran from developing an ICO

Two US lawmakers introduced bills to prevent Iran from being able to grow its planned government issued sovereign initial coin offering, or its own digital currency. Both bills add criminal liability to persons, financial institutions, correspondent banks and digital currency exchanges that facilitate transactions involving an Iranian digital currency. That criminal liability is in addition [...]

Digital currency exchange CEO who spent customers’ Bitcoin settling with SEC and awaiting criminal sentencing

Exchange CEO Indicted The CEO of a digital currency exchange who pleaded guilty after being indicted in New York for, inter alia, selling Bitcoin to US residents illegally and then stealing it from them by removing it from the exchange’s pooled wallet, is awaiting sentencing for the criminal proceeding against him, and is also negotiating a [...]

7 Russian foreign nationals indicted in US for alleged money laundering and hacking of Canadian / US agencies

The Department of Justice announced the indictment of 7 Russian foreign nationals in Pennsylvania for their roles in an alleged hacking of anti-doping sports agencies, including one in Canada called the Canadian Centre for Ethics and Sports. According to the indictment, the indicted persons hacked into computers for several years to allegedly influence sports doping [...]

CEO of the exchange OKCoin allegedly stalked by several customers demanding back investments in digital currencies

According to Caixin, China’s most influential media company, the founder and CEO of  the Chinese digital currency exchange OKCoin, Mingxing Xu, 徐明星, was stalked and chased to a hotel in Shanghai by angry customers of his exchange. Later that day, he was taken to the Shanghai police station and detained overnight and part of the next [...]

Did Canada just seize enough carfentanil from an alleged drug dealer that could have been used to kill hundreds of millions of people?

Last fall, the police in Ontario arrested a person named Maisum Ansari who lives in the suburbs of Toronto, who had in his home approximately 42 kilograms of carfentanil, or a substance containing carfentanil. 42 kilograms of carfentanil is a massive amount and likely the largest seizure by law enforcement in the history of seizures of carfentanil. [...]

US and China continue joint investigation into fentanyl trafficking

This week, US and Chinese law enforcement announced the continuation of a joint investigation into fentanyl production and trafficking with a view to tackle the problem through money laundering investigations to identify TCOs involved. As part of the announcement, China said that on September 1, 2018, it banned two fentanyl variants. In February 2017, China [...]