Brazil’s ‘Bitcoin King’ arrested over alleged $300M embezzlement
Claudio Oliveira was the president of the Bitcoin Banco Group, a Brazilian digital currency brokerage company that reportedly lost over 7,000 BTC following an alleged hack in 2019.
Latest embezzlement News
South Korea’s Coinbit seized over market manipulation claims
An analysis of transactions reportedly showed that Coinbit allegedly manipulated up to 99% of its total transaction volume.
Wirecard execs allegedly looted $1 billion before collapse: report
Top ranking executives at the Munich-based company allegedly funneled millions of euros to suspicious companies in Asia, according to reports.
MicroBT market share rises as Bitmain’s struggles continues
MicroBT, has managed to increase its market share while industry leader Bitmain struggles with supply chain setbacks and internal strife.
Bank of Ireland employees not cooperating with OneCoin investigation
Diane Sands, Derek Collins, Dierde Ceannt and Greg Begley were all set to testify next month, reportedly able to produce especially damaging evidence.
Tokyo court hands down surprise ruling against Mt. Gox CEO Mark Karpeles
The Japanese court has issued its verdict and it certainly wasn’t what any in the crypto community had expected given the magnitude of the case.
South Korea’s crypto exchange Coinbin folds after massive embezzlement
The exchange has suffered million-dollar losses after the individual charged with maintaining crypto balances reportedly embezzled its funds.
Israeli crypto businessman faces new embezzlement accusation
Moshe Hogeg might not be a thief, but a lot of people would say otherwise. The Israeli cryptocurrency entrepreneur is defending himself once again against a lawsuit from a scorned investor.
Israeli crypto businessman charged with embezzling ICO funds
Moshe Hogeg, a known cryptocurrency entrepreneur in Israel, is reportedly facing embezzlement charges in connection with the missing funds from two initial coin offerings (ICOs).
South Korea police search for 3 crypto exchange employees
Three senior employees at cryptocurrency exchange HTS Coin are suspected of being involved in embezzlement and fraud, according to local media reports.
Coinnest co-founder arrested in South Korea on embezzlement charges
Kim Il-hwan, CEO of South Korean cryptocurrency exchange Coinnest, was arrested in Seoul on allegations of embezzling customer funds.
3 exchanges in South Korea face embezzlement probes
Employees at three cryptocurrency exchanges in South Korea have been taken into police custody for alleged embezzlement of their clients’ funds.