Beware of sophisticated scams and rug pulls, as thugs target crypto users
The year 2021 has seen an increase in “rug pulls,” a new scam capable of luring both early adopters and new crypto investors.
Auto Added by WPeMatico
Crypto tumblers, exchanges under microscope as DOJ launches new task force
Under the pretext of holding corrupt actors accountable, the new taskforce will address crimes related to the criminal misuse of cryptocurrency.
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department.
Silk Road 2 Admin Forfeits $667,000 in Bitcoin to British Law Enforcement
According to reports, the founder of the now-defunct Silk Road 2 marketplace has forfeited more than half-million dollars worth of bitcoin to British authorities. White’s Silk Road 2 admin handle…
Brazil aims to tighten penalties for crypto-related financial crimes
The penalties are part of a new piece of legislation that also regulates crypto trading and payments.
U.S. government goes to court over $11M USDT purportedly stolen by fake Coinbase rep
In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse.
Additional compensation available for Cryptsy victims, court notice says
Those who lost money in a 2016 U.S. crypto exchange heist maybe be entitled to additional recoupment.
US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks
The government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments.
Monero’s former maintainer released from US custody
“I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me…
El Salvador police arrested and released Bitcoin detractor without a warrant
The National Civil Police later released a statement saying Mario Gómez’s detainment was related to an investigation for financial fraud.