The US Attorney’s Office Eastern District of New York has announced that New York-based businessman Maksim Zaslavskiy was arrested on Nov. 1, 2017, due to securities fraud conspiracy in connection with two initial coin offerings (ICO). Zaslavskiy was recently accused by the US Securities and Exchange Commission (SEC) of defrauding investors in the two...
Rather than waiting until it’s too late, law firms are opening up bitcoin wallets to pay ransoms in case their data is stolen, according to a cybersecurity expert. John Sweeney, president of IT and cybersecurity advisors LogicForce, said that law firms are taking proactive steps rather than reactive steps. However,...
Accused of laundering hundreds of thousands of euros through the digital currency Bitcoin, six men are facing charges in a Dutch court for apparently selling Bitcoin paid for by illegal drug sales. The men face potential sentences ranging from six to 36 months for crimes relating both to drug possession, as...
US president Donald Trump’s Attorney General Jeff Sessions has called the Dark Web a “big problem” and hinted at potential future regulatory moves. As part of a testimony at the Senate Judiciary Committee on Justice Department oversight, Sessions responded to a query from California senior senator Dianne Feinstein, who raised the issue...
A cryptography security flaw, present in 750,000 Estonian e-Residency cards and elsewhere, has a five-year history, researchers say. Since news broke earlier this year that the code library by Infineon, the company responsible for dishing out multiple countries’ ID schemes, was vulnerable to hacking, attempts have been underway to assess the scale...
A police investigation in Finland into the OneCoin cryptocurrency investment scheme is accelerating. The Finnish Broadcasting Company reports that, according to law enforcement officials in the city of Österbotten, an as-yet-unnamed OneCoin promoter is now the subject of an "economic crime case." "The...damage is over half a million euros," said Antti Perälä, an official with the...
South Korean authorities have confirmed that hackers from North Korea targeted bitcoin exchanges in the country in multiple attempts to steal the cryptocurrency. The Republic of Korea’s National Police Agency (NPA) has published details of its investigation surrounding several claims of cybersecurity incidents involving hackers from North Korea. As covered by CCN...
The U.S. Securities and Exchange Commission has charged a businessman and two of his companies with defrauding investors through initial coin offering (ICO) scams, including the REcoin ICO. SEC Charges REcoin ICO Organizer With Fraud According to a SEC press release, Maksim “Max” Zaslavskiy committed fraud by selling unregistered securities backed by...
In an agency first, the U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit accusing a Brooklyn, New York man of operating a bitcoin Ponzi scheme. Earlier this week, former CFTC commissioner Bart Chilton called for the cryptocurrency community to embrace regulation to protect investors and reduce price volatility...
CCN has uncovered an ICO scammer going around various Slack groups for ICO-funded efforts and scamming them by offering “special rates” on tokens and a “special contract address,” all the transactions of which can be downloaded here or for updated data, from which you’ll have to do your own math, go here. By...