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.
An analysis of transactions reportedly showed that Coinbit allegedly manipulated up to 99% of its total transaction volume.
Top ranking executives at the Munich-based company allegedly funneled millions of euros to suspicious companies in Asia, according to reports.
MicroBT, has managed to increase its market share while industry leader Bitmain struggles with supply chain setbacks and internal strife.
Diane Sands, Derek Collins, Dierde Ceannt and Greg Begley were all set to testify next month, reportedly able to produce especially damaging evidence.
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.
The exchange has suffered million-dollar losses after the individual charged with maintaining crypto balances reportedly embezzled its funds.
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.
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).
Three senior employees at cryptocurrency exchange HTS Coin are suspected of being involved in embezzlement and fraud, according to local media reports.
Kim Il-hwan, CEO of South Korean cryptocurrency exchange Coinnest, was arrested in Seoul on allegations of embezzling customer funds.