Crime

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EU Authorities Shut Down Bitcoin Transaction Mixer

| Stan Higgins

A bitcoin transaction mixer has been seized and shut down by authorities in the European Union.

SEC Moves to Halt Diamond-Linked Crypto ‘Ponzi Scheme,’ Freeze Assets

| Daniel Palmer

The U.S. Securities and Exchange Commission has taken action over what it alleges is a $30 million crypto scam based on supposed diamond investment.

Australian Government Employee Charged With Mining Crypto at Work

| Yogita Khatri

A 33-year-old Australian IT contractor has been charged after he allegedly mined cryptocurrency on government computer systems.

Crypto and Forex Scam Reports Tripled in the UK Last Year, Watchdog Says

| Yogita Khatri

Reports of cryptocurrency and foreign exchange scams surged in the U.K. last year, while total reported losses dropped, says the FCA.

Beyond KYC: Regulators Set to Adopt Tough New Rules for Crypto Exchanges

| Marc Hochstein, Nikhilesh De and Anna Baydakova

Exchanges will likely have to collect information about their clients' crypto transactions under new global standards expected in June.

Crypto Investor Awarded Over $75 Million in SIM-Swapping Hack Case

| Yogita Khatri

U.S.-based cryptocurrency investor Michael Terpin has been awarded over $75 million in a lawsuit related to a SIM-swapping fraud.

Alleged Multibillion-Dollar Pyramid Scheme OneCoin Sued by Former Investor

| Yogita Khatri

The cryptocurrency investment scheme OneCoin, widely claimed to be a fraud, is being sued by a former investor over her losses.

U.S. DOJ Moves to Detain Defendant in Crypto ‘Shadow Banking’ Case

| Nikhilesh De

U.S. prosecutors want to detain Reginald Fowler until his trial for illicitly providing banking services to crypto exchanges.

Crypto Crime May Have Cost Sector $1.2 Billion in Q1, Says Report

| Yogita Khatri

Losses arising from cryptocurrency hacks and fraud may have reached as high as $1.2 billion in the first quarter of 2019, CipherTrace estimates.

Microsoft Outlook Hackers Stole Crypto Using Victims’ Emails: Report

| Yogita Khatri

Hackers who breached Microsoft Outlook have reportedly used the email service to steal cryptocurrency users' funds.