In April, the Secret Service seized 100 Bitcoins from Clark, NYT reports. Weeks later, Bennett received a letter explaining that the Secret Service had recovered 100 of his Bitcoins. The letter cited…
On July 15, a Discord user with the handle Kirk#5270 made an enticing proposition. I work for Twitter, they said, according to court documents released Friday. I can claim any name, let me know if yo…
The South African bank accounts linked to alleged local bitcoin scammer Willie Breedt have been frozen.Investors approached the high court after not getting their money back.
The man thought to be behind notorious cryptocurrency exchange BTC-e, which is involved in a multi-billion Bitcoin BTC fraud case, will be extradited to France. According to a Greek news report, Alexander Vinnik is facing allegations of laundering at least $…
A man in the US is being sued by the Securities and Exchange Commission (SEC) for allegedly running a fraudulent cryptocurrency mining operation. According to a complaint dated January 8, Donald G. Blakstad swindled more than $3.5 million from investors usin…
An alleged member of The Dark Overload, hacking group which demanded Bitcoin ransom payments from victims has been extradited from the UK to face charges in the US. Nathan Wyatt, 39, was sent to the Eastern District of Missouri and appeared before US Magistr…
The indictment says the property obtained with the proceeds of the SIM swapping scheme is subject to criminal forfeiture. Faulk faces a maximum statutory sentence of 20 years behind bars and a $250,000 fine. If convicted of the extortion charge, Faulk co…
Three people were arrested — and two more remain at large — for involvement in an alleged “high-tech Ponzi scheme” that defrauded $722 million out of investors using the “complex world of cryptocurrency,” according to federal authorities. The alleged schem…
LOS ANGELES Five men were charged Tuesday in connection with what federal prosecutors called a lucrative cryptocurrency scheme that fleeced investors out of $722 million in a business model that one of the defendants described as built “on the backs of idiots…
The world of cryptocurrency has no shortage of imaginary investment products. Fake coins. Fake blockchain services. Fake cryptocurrency exchanges. Now five men behind a company called BitClub Network are accused of a $722 million scam that allegedly preyed on…