Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.
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Category: Police Raid
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South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud
Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors. Masterminds Could Have Defrauded Over 40,000 People According to Yonhap, police […]Powered by WPeMatico
South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities According to Newspim, the 5th Investigation Team of the Seoul Metropolitan Police Agency […]
The post South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives appeared first on Bitcoin News.
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South Korean Police Seize Shares From Major Bithumb Shareholder
South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows a September 14 ruling from the Seoul Central District Court. The […]
The post South Korean Police Seize Shares From Major Bithumb Shareholder appeared first on Bitcoin News.
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Australian Crypto Miner Mistakenly Raided Over Marijuana Grow Room Concerns
The concept of mining cryptocurrencies has attracted all kinds of attention lately. Either criminals get in on the action, or experts worry about the electricity consumption. It now seems Australian police wrongfully raided a crypto miner’s home over concerns he was growing cannabis. Crypto Mining and Growing Cannabis are Different Things The story coming out of Adelaide in Australia is quite interesting, albeit also slightly worrisome. A cryptocurrency miner who had multiple machines running at his house has been raided earlier this month. The police suspected the individual of growing cannabis at his home, primarily because of the high electricity
The post Australian Crypto Miner Mistakenly Raided Over Marijuana Grow Room Concerns appeared first on The Merkle Hash.
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