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FBI Warns of Ichcoin Targeting American Crypto Investors

FBI Warns of Ichcoin Targeting American Crypto InvestorsThe Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of money. Victims are led to believe their investments are growing but are ultimately left with nothing, often […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud

Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities FraudIn a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices was securities fraud,” said the head of the Justice Department’s Criminal Division. […]

Quantum computing will fortify Bitcoin signatures: Adam Back

UK Sentences Woman to Prison for Laundering Bitcoin After Police Seize 61K BTC

UK Sentences Woman to Prison for Laundering Bitcoin After Police Seize 61K BTCA woman has been sentenced to nearly seven years in prison for laundering bitcoin tied to a £5 billion fraud in China. Authorities seized over 61,000 bitcoin during their investigation, now worth over $4 billion. The woman denied all charges, claiming she was manipulated by a “mastermind.” 61K Bitcoin Seizure Leads to Jail Sentence A […]

Quantum computing will fortify Bitcoin signatures: Adam Back

‘Crypto King’ Aiden Pleterski faces fraud, money laundering charges

Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation.

Canadian police are charging self-declared “crypto king” and social media personality Aiden Pleterski with one count of fraud over $5,000 Canadian dollars ($3,666) and money laundering after a lengthy investigation. His associate Colin Murphy was also charged with fraud, police and the Ontario Securities Commission (OSC) have announced.

Pleterski was arrested on May 14 and freed on the same day on C$100,000 bail provided by his parents. Colin Murphy faces the charge against him for soliciting investments and falsely claiming to receive “large weekly profits through savvy investments.” Murphy was released on a promise to appear in court.

Related: Canadian police warn crypto investors on growing home robbery trend

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Quantum computing will fortify Bitcoin signatures: Adam Back

Crypto Tops Investor Threats for US Securities Regulators

Crypto Tops Investor Threats for US Securities RegulatorsU.S. state securities regulators have revealed that cryptocurrency investments are their top investor threat this year. “Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes and other frauds,” one regulator warned. Crypto Is the Top Threat for US […]

Quantum computing will fortify Bitcoin signatures: Adam Back