Category: Cryptsy

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$540 Million Worth of ‘Sleeping Bitcoins’ From 2014 Move — BTC Possibly Linked to Cryptsy Theft

$540 Million Worth of 'Sleeping Bitcoins' From 2014 Move — BTC Possibly Linked to Cryptsy TheftOn March 29, blockchain parsers caught a sequence of 11 transactions totaling 11,325 bitcoin moving from unknown wallets created in 2014, to a great number of recipient addresses. Furthermore, the stash of bitcoin worth $540 million today is possibly linked to the Cryptsy theft, according to onchain analytics. 11,325 Bitcoins Move From Dormant 2014 Addresses, […]

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Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying Evidence

Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying EvidenceThe CEO of cryptocurrency exchange Cryptsy has been indicted in the U.S. The 17-count indictment charges the crypto exchange executive with “tax evasion, wire fraud, money laundering, computer fraud, tampering with records, documents, and other objects, and destruction of records in a federal investigation,” the DOJ said. Cryptsy’s CEO Faces 17-Count Indictment The U.S. Department […]

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Coinbase Avoids Cryptsy Lawsuit Going to Trial by Paying Just Under $1 Million in Damages

TheMerkle Tezos ICO Secnd LawsuitThe Cryptsy exchange used to be one of the biggest trading platforms in the world. When it eventually met its demise – and took customers’ money – a lawsuit was filed. The victims of this defunct exchange wanted to get their money back, which is only normal. The end of the Cryptsy Saga, for now In most cases, there is little to no recourse when an exchange suddenly goes dark. During the early stages of the cryptocurrency industry, such practices were sadly rather common.  It now appears a resolution is in sight for all of the Cryptsy victims. Coinbase has

The post Coinbase Avoids Cryptsy Lawsuit Going to Trial by Paying Just Under $1 Million in Damages appeared first on The Merkle Hash.

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Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

Since 2011 Hackers Looted More Bitcoin Than Satoshi's Entire StashEver since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms. […]

The post Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash appeared first on Bitcoin News.

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