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.
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.
Mirror Trading International grabbed headlines after it allegedly scammed 280,000 investors by posing as a multi-level marketing scheme, promising get-rich-quick returns for the investors.
The Financial Services Conduct Authority is seeking to categorize digital currencies as a financial product, giving it jurisdiction over the industry and allow it to protect investors.
Africrypt targeted high-net worth individuals and celebrities, promising them ludicrous returns, according to reports in South Africa.
South African investors are still in shock after a digital currency scam reportedly made off with R54 billion ($3.8 billion) and blamed it on a hack.
TSB Bank is concerned about the increase in scammers allowed to set up their e-wallets on digital currency platforms, particularly Binance and Kraken exchanges.
Sirin Labs, Stox and Leadcoin raised over $250 million in their respective token sales, but according to the employees, the operators directed the funds to their own personal expenses.
Singapore police noted that 393 reports of digital currency-related crime were filed in 2020, three times higher compared to 2019.
The U.S. Securities and Exchange Commission said it will commence action against a group of well-known online "influencers" associated with the now-infamous BitConnect investment scheme.
The Financial Intelligence Authority has been working on a campaign to get digital currency firms to register, but officials say only a few had heeded the call.
OneCoin’s fugitive founder Ruja Ignatova and financier Gilbert Armenta were found by a judge to be in default of the case, after failing to respond to official requests.
The South Korean government is out to strengthen its infrastructure to thwart the growing digital currency phishing activities in the country.