$28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail

Indian police arrested an Australian citizen who had operated a crypto Ponzi scheme that defrauded victims by $28 million. | Source: Shutterstock (i), PGUC (ii). Image Edited by CCN An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him – but not before he defrauded …

Multi-Million Bitcoin ATM Plot Exposes Holes in EU’s Money Laundering Net

Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users …

Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($32 million) to hackers, as reported by the Nikkei Asian Review. ¥3.5 billion hacked from Bitpoint cryptocurrency exchange https://t.co/zbdqXgFCIO — The Japan Times (@japantimes) July 12, 2019 Customer funds worth 2.5 billion yen have been stolen by …

QuadrigaCX CEO Faked Crypto Trades in Lavish Excess with Customer Funds

By CCN Markets: Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX whose death is the reason for $190 million of missing funds and a bankrupt company, had transferred user funds to his personal accounts to use them as security for margin trading, a report by Ernst & Young revealed. After Cotten had died, …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Infamous Mt. Gox Villain Mark Karpeles Launches New Blockchain Venture

By CCN: Mark Karpeles, disgraced CEO of the infamous Mt. Gox crypto exchange, has revealed new plans in the blockchain space. According to Associated Press, he will launch a new venture with a view to making Japan a “global leader in blockchain.” Karpeles was found guilty for manipulating data at Mt. Gox and handed a …

Bitcoin Millionaire Admits Steamy Sex Affair, Denies Model’s Grisly Murder

By CCN: Bitcoin tycoon and Everus World founder Alex Johnson and his wife engaged in a threesome that ended with the mysterious death of a Dutch model in December 2017. Ever since, the couple has been living as outcasts, moving from one city to another while hiding from the anger and threats of vigilantes. Now, …

Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hack

By CCN: It may not have sounded the death knell immediately but the January hacking of New Zealand-based cryptocurrency exchange Cryptopia changed everything forever. Now the crypto exchange which lost NZD$ 23 million (approximately $15 million) in the security breach five months ago has appointed liquidators. Cryptopia Limited appoints Grant Thornton as Liquidators – https://t.co/A35rq1Jls3 …

ISIS Used Bitcoin to Fund Horrific Sri Lanka Easter Bombings, Research Claims

Bitcoin played a role in staging the Easter Sunday suicide bombing in Sri Lanka that killed 253 civilians, according to Israeli blockchain intelligence firm Whitestream. The agency revealed that the ISIS used Canada-based payment gateway CoinPayments to convert bitcoins to fiat money. The firm identified large scale transactions between the wallets that ISIS used to …