DeFi platform allegedly posts a note on its website confessing it scammed Bitcoin investors and there isn’t sh*t they can do about it

According to the Twitter account of a Bitcoin investor, the DeFi platform called DeFi100, that is listed on Binance, posted a notice on its website earlier today that it scammed its investors and that there was nothing the investors could do about it. “Ha ha. All you moon boys have been scammed. Fuck you moon […]

After a month, the hunt for fugitive Turkish foreign national who ran Bitcoin exchange that saw US$2B evaporate, may be over

The hunt for Faruk Fatih Özer’in, aka Özer, a Turkish foreign national, may be over. Özer ran a large digital currency exchange in Turkey called Thodex. He fled Turkey in April and US$2 billion of money from its customers is apparently missing, or inaccessible. In the CCTV footage below, he is seen arriving at the […]

Russian national who provided money laundering as a service, pleads guilty in US

A Russian national, Maksim Boiko, who was accused of operating a money laundering as a service (“MLaaS“) business, pleaded guilty in Pittsburg today, to one count of conspiracy to launder money. In this case, the MLaaS involved opening personal and company bank accounts to receive and then move money for criminals and opening Bitcoin accounts […]

FinCEN assesses US$60 million penalty against owner of Bitcoin mixer / tumbler service

US$60 million penalty On October 19, 2020, the Financial Crimes Enforcement Network (“FinCEN“) assessed a US$60 million penalty (here) against Larry Dean Harmon, the owner of two Bitcoin mixing and anonymizing services called Helix and Coin Ninja LLC. FinCEN found that the two entities were operating as unregistered money services businesses (“MSB“) which exchanged currencies, […]

Bitcoin exchange owners charged by CFTC and US DoJ with various federal violations

CFTC civil enforcement action The Commodities Futures Trading Commission (“CFTC“) today filed a civil enforcement action in the SDNY against the owners – operators of a digital currency exchange called BitMEX, for alleged violations of the Commodity Exchange Act. BitMEX processed trillions of dollars in transactions, received over US$11 billion in Bitcoin and made more […]

Money laundering and securities fraud indictment unsealed against key promoter of OneCoin

After two years, the Attorney General for the Southern District of New York has unsealed the indictment against Karl Sebastian Greenwood, a promoter of the Bulgarian initial coin offering, and supposed digital currency called OneCoin. Greenwood was allegedly extradited to the US from Thailand in 2018. Indictment unsealed In the indictment, Greenwood is charged, inter […]

Interpol issues warning that Bitcoin ransomware cyberattacks targeting hospitals could lead directly to deaths in covid-19

Interpol has released a warning that, during the Covid-19 pandemic, ransomware cybersecurity attacks against hospitals and other institutions and research departments, are expected to increase. The way ransomware attacks work is that hackers infiltrate and take exclusive control over computer systems, locking out the administrators, and promise to relinquish control of the computer systems on […]

SEC files injunction against digital currency executives who allegedly obtained investments on the basis of false representations

The US Securities and Exchange Commission (the “SEC“) filed a complaint in Texas on March 16, 2020, against Robert Dunlap, Nicole Bowdler, the girlfriend of Dunlap, and a former Washington State Senator, David Schmidt, in connection with a digital currency they launched called Meta 1 coin (the “MetaCoin“) which raised US$4 million from the public. […]

American ICO lawyer and director of Vancouver Blockchain company, hit with more extortion charges

Grand jury indictment for Canadian director Steven Nerayoff, a US lawyer who advised a number of digital currency companies and initial coin offerings (“ICOs“) was indicted by a Grand Jury on January 10, 2020, in New York. Nerayoff is, or was, the Chairman of a British Columbia public company called Global Blockchain Technologies Corp. According […]

UK Bitcoin drug dealer who imported illegal drugs from Canada on the darknet, sentenced to 8 years in jail

A UK man, Paul Johnson, was sentenced to eight years in jail in the UK for operating a darknet drug trafficking business from the attic of his home. In order to obfuscate what he was doing, he set up a company called “Labrador Tea Company” and used it to buy illegal drugs from Canadians in […]