Crypto Platform CEO Arrested for Allegedly Paying Deputies in Extortion Scheme

September 28, 2024 Bitcoin.com

Adam Iza

Crypto platform Zort’s CEO has been arrested on multiple charges. Allegations against Iza include paying large sums to Los Angeles County deputies for illegal activities, such as unlawful searches, extortion schemes, and even a failed kidnapping attempt. “Iza boasted about paying ‘active duty’ law enforcement $280,000 per month,” according to the authorities. Crypto Platform CEO […]

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Maryland Police Warn Gmail Users of Phishing Scam Demanding Bitcoin

September 20, 2024 Bitcoin.com

Bitcoin

Maryland State Police have warned of a scam targeting Gmail users, using phishing tactics to extort money through unsettling threats. Scammers are sending victims emails with Google Maps photos of their homes and demanding bitcoin payments, falsely claiming they possess incriminating evidence. The police are investigating, urging caution and providing resources for reporting these incidents. […]

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Missouri Man Arrested for Extorting Former Employer With Bitcoin Ransom

August 29, 2024 Bitcoin.com

Bitcoin

A Missouri man, Daniel Rhyne, was arrested for attempting to extort his former employer, a New Jersey-based industrial company. Rhyne, a former core infrastructure engineer for the company, allegedly sent an extortion email on Nov. 25, 2023, claiming to have locked out or deleted the company’s IT administrators from its computer network and deleted server […]

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Russian Cybercriminal Extradited to US in Crypto Crime Case

August 26, 2024 Bitcoin.com

bitcoin.com

A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commit money laundering, wire fraud, and Hobbs Act extortion. Arrested in Georgia in […]

Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

Indian Authority Arrests Man in Crypto Extortion Case

August 18, 2024 Bitcoin.com

Assets

A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt was taken into custody following a money-laundering probe initiated by the ED based on FIRs filed by […]

Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

After Exit Scam, Incognito Darknet Market Operators Now Threaten User Data Leak in Extortion Twist

March 12, 2024 Bitcoin.com

bitcoin.com

Numerous accounts have recently revealed that shortly after the darknet market (DNM) Incognito apparently conducted an ‘exit scam,’ its operators have now informed their clients and merchants they are facing extortion. The team behind Incognito claims possession of crypto asset transaction logs and archived conversations from its users, warning that this information will be leaked […]

Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

April 15, 2023 Bitcoin.com

Adoption

Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and […]

Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

Hive Ransomware Network Dismantled by American, European Law Enforcement

January 27, 2023 Bitcoin.com

bitcoin.com

Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted various organizations worldwide in the past couple of years, often extorting payments in cryptocurrency. Captured Decryption Keys […]

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Hacker Sent to Prison for Robbing Vietnamese Crypto Exchange

January 9, 2023 Bitcoin.com

bitcoin.com

Authorities in Vietnam have caught and sentenced a hacker who stole money and data from a local cryptocurrency exchange. The man, who was arrested and charged for extorting the trading platform’s owner, has been ordered to return the money he misappropriated. Vietnamese Court Jails Hacker for Attacking Crypto Exchange Website A resident of Ho Chi […]

Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent

May 24, 2022 Bitcoin.com

Arrest

The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced for Cryptocurrency Extortion in Russia Two Russian citizens have […]

Extortion

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