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Bitcoin cryptocurrencies Cryptocurrency Fraud mining ZCash

Altcoin Bitcoin Private Confirms Additional 2 Million Coins Secretly Premined

The Bitcoin Private team has officially confirmed that findings regarding the secret premining of an additional 2 million coins are mathematically correct. The development team behind altcoin Bitcoin Private (BTCP) has confirmed the creation of 2.04 million units of BTCP “that were never intended to exist on the blockchain,” according to an official statement published […]

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Adoption Banks Blockchain Cryptocurrency Fraud India Security SWIFT

SWIFT India Partners With Fintech Firm for Blockchain Pilot

SWIFT India has partnered with fintech firm MonetaGo to run a blockchain pilot aimed at addressing fraud in the e-way Bill system. SWIFT India has partnered with fintech firm MonetaGo to pilot a distributed ledger (DLT) network designed to improve the efficiency and security of financial products, according to a press release published Nov. 20. […]

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Bitcoin cftc Court cryptocurrencies Cryptocurrency Fraud USA

Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme

A New York federal court has ordered BTC hedge fund Gelfman Blueprint, Inc.and its CEO Nicholas Gelfman to pay over $2.5 million in penalties for a fraudulent Ponzi scheme. A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating […]

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Altcoin Bitcoin Scams cryptocurrencies Cryptocurrency Cryptocurrency Exchange Fraud Russia

Crypto Exchange YoBit Starts Pump Scheme on Random Coins

Russian crypto exchange YoBit tweeted that it will pump the price of 10 random coins. Cryptocurrency exchange YoBit is going to perform a pump scheme on random coins, according to an Oct. 10 tweet. A pump and dump scheme is a form of fraud that attempts to artificially boost the price of an asset through […]

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Cryptocurrency Fraud ICO Industry mining regulation Scams sec

Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million

The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies step up their crackdown on cryptocurrency-related […]

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Bitcoin Scams Cryptocurrency Fraud GAW Miners PayCoin Ponzi Scheme sec USA

CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison

The CEO of now-defunct GAW Miners has been sentenced to 21 months in prison and ordered to pay $9.2 million in restitution to investors. Homero Joshua Garza, the CEO of the now-defunct U.S. crypto firm GAW Miners, has been sentenced to 21 months in prison for defrauding investors, local news agency Hartford Business reports Thursday, […]

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Bitcoin Regulation cryptocurrencies Cryptocurrency Fraud Government sec USA

In an Apparent First, U.S. SEC Penalizes Crypto Hedge Fund

The SEC has issued a cease and desist order and a $200,000 fine to Crypto Asset Management for misrepresenting itself to investors. The U.S. Securities and Exchange Commission (SEC) has issued a cease and desist order and a $200,000 fine to Crypto Asset Management (CAM) and its founder Timothy Enneking, according to a document published […]