MEXC said it has liquidated a large-scale group of market manipulators engaged in various malicious activities, including self-trading, spoofing, and front-running. Presence of Institutional Actors Draws Concern Cryptocurrency exchange MEXC recently announced that it liquidated a large-scale, coordinated group of market manipulators engaged in self-trading, spoofing, layering, front-running, and quote stuffing. According to the exchange, […]
Spanish police dismantled a criminal gang behind a fraudulent cryptocurrency pyramid scheme that defrauded over 3,600 victims of more than $ 32 million. Fake Bitcoin Investment Platform Spanish law enforcement recently busted a criminal gang behind a fake cryptocurrency pyramid scheme that fleeced more than $ 32 million from over 3,600 victims. According …
A cryptojacking campaign that encompasses the use of over 700K cryptocurrency addresses has been unveiled by cybersecurity company Ciberark. Massjacker is a crypto jacking tool, meaning that it hijacks the clipboard of the infected devices, changing the cryptocurrency addresses into others, and making people deposit crypto to addresses different than the ones intended. Ciberark estimated […]
The U.S. sentenced an Indian cryptocurrency vendor to 121 months in prison for laundering over $ 20 million through darknet platforms and an international hawala network. Cryptocurrency Laundering Scheme Ends in Prison Sentence The U.S. Department of Justice (DOJ) announced on Jan. 17 that Anurag Pramod Murarka, a 30-year-old Indian national, has been sentenced …
David Brend and Gustavo Rodriguez, key figures in the cryptocurrency Ponzi scheme Icomtech, have been sentenced to 10 and eight years in prison, respectively, for defrauding thousands of investors. Icomtech falsely marketed itself as a crypto trading and mining company, promising guaranteed daily returns. Victims, lured by flashy events and promises of wealth, invested through […]