Tag: cyber crime

Blockchain technology company Bitfury is serious about stamping out bitcoin scams and now has the muscle to fight it. Bitfury has hired Michael DuBose, the former head of the Computer Crime unit at the U.S. Department of Justice, to roll out its bitcoin blockchain tracking product, Crystal. DuBose said in a statement:  “Crystal makes it much easier to identify and…

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The founder of the now-defunct Bitcoin exchange Bitfunder, Jon Montroll, has emerged as an alleged fraudster with a string of criminal cases behind him. In bringing the seriousness of the offense to the fore, Montroll is being sued for fraudulent behavior by the Securities & Exchange Commission (SEC). Coins, Lies and Questionable Videos Predating even the SEC lawsuit and separate…

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A news report by the Chinese television channel, CCTV13, outlined a case of bitcoin-related fraud in the Zhongyuan Oil Field Public Security Bureau of Henan Province. The police report was first filed by a Henan resident, Wu, on July 27, 2017, in which he claimed that 188.31 bitcoins, or just over half a billion US dollars at the time, were…

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Amid cryptocurrency’s rise in prominence, a major threat to its advancement looms. The relentless rate in which security attacks are occurring. In 2016 alone, these breaches appear to be occurring at an unprecedented rate, many of which are documented here at BTCManager. Arguably, The DAO attack has been the most high profile with subsequent assaults on the Ethereum network continuing…

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Many countries around the world, despite media depictions, have a laissez-faire approach to Bitcoin at the present time. Bitcoin isn’t bothering the government, and hasn’t worked into the mainstream as of yet; in return, governments haven’t bothered bitcoin in most parts of the world. Bitcoin has begun to pick up steam in the Philippines but could be looking at greater…

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