#Crime

Duo Indicted for Selling Spurious “Xanax” on Dark Web in Exchange for Bitcoin

June 29, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Blockchain, Crime, News

Two men were indicted by a federal grand jury on the charges of illegally manufacturing and distributing alprazolam tablets, which are commonly known as Xanax, in exchange for payment through bitcoin. The duo, Ryan Farace, age 34, of Reisterstown, Maryland, and Robert Swain, age 34, of Freeland, Maryland were also...

Research: Bitcoin’s Protocol can Be Analyzed to Track Criminals

June 29, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Blockchain, Business, Commentary, Crime, News, Regulation, Tech

While the ethos of digital currencies is rooted in anonymity and privacy for the transacting parties, a New York-based company believes it can unravel blockchain’s data to uncover the person/s behind suspicious accounts. Anonymous? Not so Much As per a Fortune report on July 27, 2018, blockchain security company Chainalysis...

Bitcoin Price Manipulation Leads to Loss of Trust in Cryptocurrencies

June 28, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Blockchain, Business, Crime, News

The massive price manipulation in the cryptocurrency trading market affects both investors and authorities alike. While the former loses money, the latter finds price volatility the chief nemesis of the rising asset class. The absence of a central body tracking such illicit behaviour causes the sector to be mistrusted as...

Israeli Cybersecurity Experts Predict More Attacks on Crypto-Related Businesses in 2018

June 25, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Commentary, Crime, News, Regulation

At a time when the cryptocurrency sector is nearly saturated with heists, hacks, and more 'cryptocrimes,' Israeli cybersecurity experts say more turbulence await crypto investors this year, as blockchain-based digital currency attacks will surpass other types of cyberattacks in 2018. Blockchain Suffering Reputational Damage Present at the Tel Aviv University...

“Bitcoin Baron” Faces Jail-Time after Launching DDoS Attack on Government Websites

June 22, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Crime, News, Regulation

Self-styled hacktivist “Bitcoin Baron” was sentenced to prison on June 19, 2018, for launching a distributed denial-of-service attack against Madison’s administrative networks. “Bitcoin Baron” Faces the Heat The U.S. Department of Justice (DoJ), released a public report on the matter and confirmed the attack caused a city-wide outrage in Madison,...

Cryptocurrency Desktop Client Victim of Trojan Attack

June 21, 2018 by Peter Ivancic at Altcoins, Bitcoin, Blockchain, Crime, News, Tech

Syscoin announced on official Github page the project’s official client had faced a malicious trojan attack. The post urged users who downloaded the software via GitHub between June 09, 2018 10:14 PM UTC & June 13, 2018 10:23 PM UTC to take immediate action. GitHub Compromised The initial attack vector...

SkyCoin Sees Overnight Price Drop Following Crypto Embezzlement Scandal

June 21, 2018 by Cindy Huynh at Altcoins, Bitcoin, Crime, News, Tech

Skycoin, a community-owned, peer-to-peer internet was robbed by the firm’s marketing arm EVOLAB of 100,000 Skycoins. The discovery was a critical point for Skycoin as it led to a major sell-off, causing Skycoin tokens to cave in price. Status Update Skycoin was developed by many early contributors to the Bitcoin...

Crypto Markets Decline Stopped by SEC Decision That Decentralized Cryptocurrencies Are Not Securities: Week in Review Jun. 18

June 19, 2018 by Alex Lielacher at Altcoins, Bitcoin, Crime, Ethereum, Finance, News, News Digest, Regulation, Tech

It has been a sobering week for crypto investors as the price of bitcoin continued last week’s decline to drop another ten percent versus last week’s close after a new study suggested that Tether (USDT) trading manipulated the bitcoin rally of late-2017. Fortunately, for bitcoin and - especially ether -...

Japanese Police Arrest 16 Persons for Illegally Mining Cryptocurrency

June 18, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Crime, Mining, News, Regulation

While the entire crypto ecosystem is still trying to find lasting solutions to crypto-related financial crimes such as money laundering, crypto theft, hacks and heists, bad actors keep formulating new ways to benefit from the digital currency revolution at the expense of others. Now, Japan's security forces have arraigned sixteen...

Poloniex Crypto Exchange Resets Customers’ Passwords On Suspicion of Data Breach

Hackers Target Infrastructure and Weak Security to Steal Cryptocurrencies

June 15, 2018 by Cindy Huynh at Altcoins, Bitcoin, Crime, News, Tech

Carbon Black, a predictive cloud security service, recently published a report demonstrating that $1.1 billion worth of cryptocurrency-thefts occurred in the last six months. Security Experts Weigh in Unfortunately, most of these thefts came from an attack on a cryptocurrency exchange or business. TechWire mentioned that hackers often hide malware...

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