Chinese police have arrested three persons for allegedly stealing bitcoins and other cryptocurrencies worth $87 million, Chinese news agency Xinhua reported on Saturday. The three individuals are caught on August 15 in Hunan, Changchun provinces, and Beijing respectively, after a months-long probe. See also: Monero [XMR] experiences steep decline in hashrate; community delighted The report says a victim, who goes by the name Zhang, approached police in the northwestern city Xi’an after he allegedly lost crypto assets worth $14.5 million. He gave a complaint in March. The police investigated the matter with the help of many internet firms. They learned that a person Zhou (surname) hacked Zhang’s personal computer and stole his crypto assets. The investigating officers later identified Zhou’s partners, apparently highly-skilled hackers, the report stated. The trio had been accused of breaking into the networks of corporations and individuals and getting away with 600 million yuan ($87 million) as per estimates. Earlier, 20 persons were arrested in Dalian city of China for allegedly using crypto mining malware to infect over a million computers. They reportedly earned over $2 million in a span of two years.
$300 mn Bitcoin scam: Indian cops nab two more in ponzi scheme case
The crime branch police have arrested twomore involved in the ponzi Bitcoin scheme that duped thousands of cryptocurrency investors. The duo is said to be close aides of Amit Bhardwaj, the kingpin of the multi-million Bitcoin [BTC] scam. They are accused of marketing the schemes to lure gullible consumers. Pune police arrested Amit Bhardwaj on April 5 from the Delhi airport. He is believed to be the mastermind behind scamming thousands of Indians. He allegedly made a fortune of $300 million (approximately 2,000 crore INR). “The duo were involved in marketing the scheme. They had lured hundreds of people and then disappear. We are investigating the case and are also finding out the number of people that have been duped,” a police official said. Image via Shutterstock Join our Telegram group
Stripe, the San Francisco based company that became the first major online payments platform to accept Bitcoin has ditched the token due to its high volatility. However, its co-founder John Collison still sees future for cryptocurrencies, Recode reported on September 17. Giving up on Bitcoin For years, Stripe has been…
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The investigation into Danske Bank’s alleged money laundering has uncovered new funds. The amount of “questionable money” flowing through the bank’s Estonian branch has grown from $150 billion to approximately $234 billion. In response, the CEO of Danske Bank turned in his resignation.
The crypto news of the day is what the heck happened yesterday in Bitcoin? In a matter of 2 hours, we saw the Bitcoin price go from 6320 to 6080 on Bitmex and then rocket higher to 6580. In the process, stops were cleaned out for both longs and shorts. For all of 2018, Bitcoin has …
Line, a Tokyo-based messaging app giant, has revealed some ambitious plans today at CoinDesk’s Consensus: Singapore 2018 event. The company, which has more than 160 million monthly users, plans to launch a token-powered ecosystem – the Linear Network – by the end of this year. The ecosystem will be powered by its LINK token, which …
The former LinkedIn’s head of analytics and data science Michael Li has been hired as the VP of data, and Brian Brooks, a former executive at Fannie Mae, has become a new chief legal officer at Coinbase.
The Swiss Minister for Finance Ueli Maurer recently visited Israel along with State Secretary for International Financial Matters Joerg Gasser, citing their goal as gaining bank access to Israeli markets to allow Swiss banks to trade there. Reuters reports that the two nations have now agreed to collaborate on financial technology, cryptocurrency, and blockchain regulation following their discussion