The DoJ Shows an Interest in CoinGather Exchange Victims

TheMerkle GoldenShield hacking ICOThroughout the course of cryptocurrency history, many exchanges and trading platforms have come and gone. The demise of CoinGather has been largely undocumented, but affected users may have some recourse after all. The CoinGather exchange has never generated a lot of attention in the competitive cryptocurrency exchange space. The CoinGather Story Continues When the company went dark in 2018, some people were left wondering what was going on exactly. Eventually, it became apparent that the platform had been seized by the US Department of Justice. This happened months after the exchange went offline and all of its operators disappeared into

The post The DoJ Shows an Interest in CoinGather Exchange Victims appeared first on The Merkle News.

Go to Source

Powered by WPeMatico

US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency

US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen CryptocurrencyThe U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts and addresses used to launder funds have been identified. Also read: SEC […]

The post US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers

Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of CustomersWells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money from millions of customer accounts to unauthorized accounts, and misusing customers’ sensitive […]

The post Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Ireland Seizes Bitcoin Stash Worth $56M But Can’t Sell for 7 Years

Ireland’s Criminal Assets Bureau (CAB) seized 6,000 BTC from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of BTC was the biggest single-value asset seizure by the CAB since 1996. A new era […]

The post Ireland Seizes Bitcoin Stash Worth $56M But Can’t Sell for 7 Years appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash

Regulatory Roundup: Trump's Cryptocurrency Proposals, IRS Changes Rule, China Quarantines CashIn this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover China quarantining yuan bills, its central bank filing 84 digital currency patents, 40 […]

The post Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks

US Government Auctioning off Bitcoins Worth $37 Million in 2 WeeksThe U.S. government has opened registration for the bidding of over 4,040 bitcoins, currently worth more than $37 million, which will be auctioned off on Feb. 18. The winning bidder will be notified on the same day. These bitcoins were forfeited in various federal criminal, civil and administrative cases, the U.S. Marshals Service explained. Also […]

The post US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

US Politicians Want to Ban End-to-End Encryption on Messaging Services like Telegram and Whatsapp

US Politicians Want to Ban End-to-End Encryption on Messaging Services like Telegram and WhatsappUnder the guise of fighting against online child pornography, American politicians are trying to effectively ban end-to-end encryption on all communication technology platforms for everyone. Newly proposed legislation could force companies like Apple, Google and Facebook to create back doors on their services to make sure law enforcement can easily monitor everything they want or […]

The post US Politicians Want to Ban End-to-End Encryption on Messaging Services like Telegram and Whatsapp appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

DOJ Indicts two US Men for SIM Swapping and Crypto Theft

TheMerkle Bitcoin Trading SimulatorPutting an end to cryptocurrency scams remains an ongoing effort. The Department of Justice has recently arrested and charged two individuals for stealing cryptocurrencies. In the document published on the DOJ website, it is explained how two Massachusetts men are currently in custody. SIM Swapping Culprits get Nabbed Both of these individuals are charged with being involved in SIM swapping incidents, resulting in the theft of various cryptocurrencies. Their main objective was to take over victims’ social media accounts and then use that information to steal cryptocurrencies. Both men face 11 different indictments, including conspiracy, wire fraud, computer fraud, and

The post DOJ Indicts two US Men for SIM Swapping and Crypto Theft appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico

Trump Administration Looks to Make an Example out of BTC-E

TheMerkle Mark lewis Facebook LawsuitLawsuits have become increasingly common in the cryptocurrency world over the past few years. Given the number of scams, hacks, and shady businesses going around, that shouldn’t come as too much of a surprise. BTC-E, one of the more notorious platforms in history, is now facing a $100m lawsuit courtesy of the Trump administration.  Another Chapter in the BTC-E History Most cryptocurrency enthusiasts will be rather familiar with the BTC-E exchange and its history to date. It once was a big Bitcoin trading platform, albeit it seems the company was run into the ground by shady operators who tried to

The post Trump Administration Looks to Make an Example out of BTC-E appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico