Category: Crime

Bitcoin crime hasn’t slowed. Our bitcoin crime news gives you the most relevant stories

Hacking in Crypto

Hacking in crypto: Cutting-Edge cyber-securitymeasures Cyber-security has become one of the biggest worries of our time; the thing is that you can find 7% of the world’s economy in the web, and it can’t be put in risk of being stolen, especially if we talk about cryptocurrencies. That is why...

btc-e seized federal government

BTC-E Seized by Federal Government

BTC-E Seized BTC-E has long been a recognized as an exchange with shady beginnings. No one publically came forward as running it, there was uncertainty about it’s location, among many other issues. In a long string of exposing events, the US federal governments and several agencies have seized the domain....

Bitcoin Gambling Law

Bitcoin Gambling Law

Bitcoin, a digital currency, was created by a software developer named Satoshi Nakamoto to revolutionize online payments. Based on complex mathematical formulas, this electronically generated currency actually worked and has been in use for more than a decade now. Bitcoin Gambling Law Unlike all other currencies in the world, Bitcoin...

Hackers Steal $32 Million In Ether Cryptocurrency Hack

With the growing popularity of cryptocurrencies, cyber criminals are becoming increasingly perceptive. Cybercrime is at an all-time high. Many cases go unreported, a few hundred dollars stolen doesn’t catch someone’s attention. However, one hacker has outdone himself by stealing over $30 million of Ether (ETH). Ether is one of the...

Bitcoin Ransomware Plagues Landscape

Bitcoin Ransomware Plagues Landscape Noone likes a shakedown. Rather, noone wants to be the target of a shakedown. However, where there’s a will theres a way. As the nature of crime evolves with the times, criminals are adopting Bitcoin as a payment receipt mechanism. Malware trojanhorse type programs such as CryptoLock...

IRS Coinbase Request

IRS Wants Information on CoinBase Users

IRS Requests Data on Coinbase Users In an ongoing IRS’s effort to fight tax evasion the Internal Revenue Service working with a federal court has forced Coinbase, a major bitcoin wallet service company to hand over personal information of their users. They’ve targeted those who have made transactions between the...

Bitcoin Price India

Bitcoin Price Skyrockets in India

Bitcoin Price Tops $985 on Indian Exchanges Ban of High Denomination Notes Indian Prime Minister, Narendra Modi, has announced that 500 Rupee (~$7.28 USD) and 1000 Ruppe (~$14.56 USD) banknotes will be discontinued. This act is part of a set of initiatives known as the Pradhan Mantri Jan Dhan Yojana (PMJDY), or financial inclusion...

Federal Judge Rules Bitcoin is Money

Major Ruling By Federal Judge Bitcoin is Real Money Bitcoin is a form of currency with intrinsic value pegged to traditional currency. Governmental and legal entities globally have not come to a consensus how to categorize Bitcoin. In a landmark decision U.S. District Judge Alison Nathan in Manhattan ruled Bitcoin was to be treated as money. This was for on the hacking...

paul vernon ceo cryptsy theft

Did Paul Vernon (Cryptsy CEO) Steal from his own exchange?

Cryptsy CEO Paul Vernon Stole from Exchange, Court Papers Alleges A recent development in the case alleges that Cryptsy CEO, Paul Vernon, or Big Vern, exchanged $3.3 million of cryptocurrency from the exchange to his and his wife’s bank accounts. This statement comes a receiver involved with the class action lawsuit continuing since the closure of...

Bitfinex Hack Theft

What Does the Bitfinex Hack Mean for it’s Future?

Will Bitfinex Remain When the Dust Clears? We have always regarded Bitfinex as one of our favorite exchanges. This is primarily due to the lack of verification required for transferring Bitcoin on to the exchange, along with exchanging it for USD. This is similar to BTC-E as reviewed here. Since registering...

Ether hack Dao theft

Ether/DAO Hack: Is Ethereum Dead?

Ethereum’s DAO Hacked… Here’s the How, Why, and When If you haven’t heard already, the DAO part of the ethereum network has been hacked. Funds have been draining from the fund since the hack, totalling nearly 60$ million. This hack exploited a recursive calling vulnerability. Essentially the hacker split transactions...

Erik Voorhees Shapeshift Hack Interview

Interview with Shapeshift.io CEO: Erik Voorhees

Interview with Shapeshift.io CEO: Erik Voorhees Shapeshift.io is our premier choice for converting (read: exchanging) cryptocurrencies. It is an invaluable tool for anyone interested in diversifying cryptocurrency holdings. Our preferred method is obviously direct, but Shapeshift has beat our expectations time and time again. With the recent shapeshift hack, many...

Silk Road extortion Bitcoin Theft DEA

Corrupt DEA Agent Sentenced for Bitcoin Theft from Silk Road

Corruption Plagues Silk Road Trial Many know the Silk Road’s creator, Ross Ulbricht, is in jail, but what about the DEA agents? The Silk Road Scandal hasn’t Ended Almost 18 months of the site’s infamous closure, a DEA agent and a secret service agent were both arrested, facing charges for wire fraud – in...

Shapeshift hack

Shapeshift.io Compromised and Funds Stolen

Shapeshift Compromised in Hack Shapeshift has been down the past few days according to their site for scheduled maintenance. According to the CEO of Shape Shift their servers had a security breach. The reassuring part is that the way they’re designed Shapeshift doesn’t hold customer balances, so even in the case...

wolf of wall st review bitcoin

Wolf of Wall St Review

The Wolf of Wall Street Wolf of Wall Street Breaks New Ground Ever see Wolf of Wall Street? I know I did, it was awesome. Not for all of the wrong reasons but the right ones. Look say what you need to say about how wrong it is to glamorize...

Biggest Bitcoin Heist Theft

Biggest Bitcoin Heists

Biggest Bitcoin Heists Bitcoin has gained a notorious reputation since mainstream media caught wind of heists in 2009. Mt Gox scandalmay be one of the most infamous accounts, but there are plenty more examples. Billions of Bitcoin are still “missing” in todays economy, which may lead to the higher price....

cyber crime bitcoin extortion

Bitcoin Crime: Bitcoin Extortion on the Rise

Bitcoin Ransom Extortion an Increasing Problem 21st century Digital Extortions on the rise with Bitcoin at the Center Bitcoin Ransoms in Lieu of Duffle Bags of Cash One way people have been using or should I say misusing Bitcoins is through demanding ransoms from people with crypto coins as the...