Ex-Microsoft Employee Convicted of 18 Felonies in Digital Currency Scheme
A software engineer who worked for Microsoft has been found guilty of a complex $10 million scheme to embezzle funds using Bitcoin Go to Source Powered by WPeMatico
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Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
Wells 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 … Read more
Are the BZx Flash Loan Attacks Signaling the End of DeFi?
Recent attacks on the lending platform bZx have left faith in DeFi shattered, but what actually happened? And can the sector bounce back? Go to Source Powered by WPeMatico
Belgian Regulator Adds New Crypto-Related Businesses to Its Blacklist
The FSMA, Belgium’s financial regulatory authority, has updated its list of crypto-related websites associated with fraudulent activity Go to Source Powered by WPeMatico
Gemcoin Founder Admits to Fraud in $147 Million Scheme
Gemcoin mastermind faces 10-year prison sentence over $147 million cryptocurrency scheme Go to Source Powered by WPeMatico
Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations
The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett … Read more
New Email Extortion Scam Targets Google’s AdSense, Demands Bitcoin
A new email extortion scam demands BTC from AdSense users in exchange for preventing an attack Go to Source Powered by WPeMatico
Governments Begin to Roll Out FATF’s Travel Rule Around the Globe
FATF’s deadline for crypto AML adoption is looming, and several counties have implemented the rules. But how are crypto firms coping under the new regime? Go to Source Powered by WPeMatico
Crypto Fraud Now Exposing Legacy Banks to Compliance Issues, Reports CipherTrace
Banks who ignore crypto could be setting themselves up for trouble in more ways than one Go to Source Powered by WPeMatico
Investigators Bust €6 Million Bitcoin and Gold Fraud Scheme
Investigators take down fraudulent crypto and gold investment scheme Go to Source Powered by WPeMatico
