The Justice department’s complaint involves a U.S. citizen accused of transmitting more than $10 million worth of BTC to a digital currency exchange in a country under sanctions from the United States.
Jeremy Spence, aka 'Coin Signals,' has been sentenced to 42 months in federal prison after he was found guilty of scamming more than 170 victims.
Indian police thought they were curbing a simple job scam but stumbled upon one of the largest digital asset scams, with Binance and OKCoin reportedly at the heart of it.
Bitcoin is a financial system, and it doesn’t matter whether systems on the network ‘want’ a transaction; it only matters whether something can be legally processed and enforced.
The draft bill, which received a green light from a Senate committee in February, is now headed to the Chamber of Deputies and, if approved, to the country’s president.
Senate Bill S8839 and Assembly Bill A8820 both call for the defining, criminalizing, and penalizing digital currency projects designed to fleece investors.
The man solicited funds from several victims, promising to deliver S9 and L3 miners and offer miner-hosting services but channeled the funds to personal use, authorities said.
AUSTRAC said that the digital assets use in criminal activities is increasing revealing that in 2020-21, 500 ransomware attacks were reported, marking a 15% increase from the previous fiscal year.
Reginald Fowler has told the court that he intends to plead guilty to charges of fraud, money laundering and running an unlicensed money transmitting business.
The U.S. attorney’s office announced that three New Hampshire citizens have pleaded guilty to wire fraud, operating using church accounts to help their “co-defendant” Ian Freeman.
With SmartLedger’s enterprise-grade blockchain solutions and Gray Wolf’s expertise in Bitcoin scam response and prevention, the two companies aim to provide an expanded range of products and services.
In a podcast, Michael Lewis warned BTC speculators that “it may all come crashing down”—revealing that the value of popular coins could plummet and could pose risks to the financial markets.
