2019-2-25 14:52 |
Over $104,000 stolen from cryptocurrency exchange Bitfinex in 2016 have been recovered and returned to the exchange by U.S. law enforcement
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Bitfinex has received roughly 28 BTC from U. S. federal law enforcement agencies in a rare example of the U. S. government returning stolen bitcoin that were retrieved from the criminals. $110,000 Retrieved Out of $72 Million The amount totals about $110,000 at today’s prices, which law enforcement managed to retrieve in November 2018.
2019-2-25 13:00 | |
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Two law firms have been appointed to represent the clients of insolvent Canadian crypto exchange Quadrigacx in court. The number of affected users has been estimated at approximately 115,000 and lawyers will have to contact as many as they can.
2019-2-20 20:15 | |
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Justice Wood has appointed legal counsel to represent some 115,000 creditors in incipient legal proceedings against seemingly insolvent cryptocurrency exchange QuadrigaCX, documents published today, February 19, 2019, from the Halifax, Nova Scotia court reveal.
2019-2-20 00:52 | |
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U. S. -based digital asset platform Coinbase has acquired blockchain intelligence startup Neutrino. The company made the news known earlier today, February 19, 2019, but the cost of the acquisition was not disclosed.
2019-2-20 23:12 | |
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Law firms Miller Thomson and Cox & Palmer will represent 115,000 QuadrigaCX customers as the exchange seeks to recoup the $196 million it owes them.
2019-2-20 20:45 | |
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Coinbase has acquired the cryptocurrency surveillance company Neutrino, whose team will be joining the American exchange’s European operation. The Milan, Italy-based startup develops blockchain intelligence platforms for crypto companies as well as law enforcement agencies.
2019-2-19 20:30 | |
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A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation.
2019-2-15 01:45 | |
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Bitcoin traders in Indonesia are protesting what they call excessive capital requirements imposed by the government on cryptocurrency futures trading. The aggrieved brokers say the restrictive law is preventing anyone from participating in the market.
2019-2-15 21:00 | |
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For those QuadrigaCX users who were fortunate enough to have withdrawal requests honored, some appear to have received their funds through unconventional means. An anonymous QuadrigaCX user who corresponded with Bitcoin Magazine said that they received a bank deposit from Robertson Nova Consulting Inc.
2019-2-15 20:28 | |
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Coinbase is a cryptocurrency exchange that is known around the world, but that does not mean that everyone is a fan. In fact, Shurat HaDin, an Israeli civil rights NGO, is threatening to impose a lawsuit against the exchange.
2019-2-14 16:34 | |
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Cryptocurrency exchange Coinbase has been threatened with a lawsuit by an Israeli civil rights NGO Shurat HaDin (Israel Law Center) if it continues to allow Hamas to fundraise via its platform, The Jerusalem Post reports.
2019-2-13 14:30 | |
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According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $470,000 CAD (approximately $355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019.
2019-2-13 03:56 | |
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Commissioner Hester Peirce wants to open the Security Exchange Commission (SEC) to innovation and entrepreneurship. And she calls for a novel and better regulatory framework that is more adaptable to the crypto space.
2019-2-12 12:00 | |
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Whether or not financial innovations like Bitcoin could fit inside the parameters of old-school laws became the central point of Hester Pierce’s recent keynote. The U. S. Securities and Exchange Commission (SEC) Commissioner, while speaking at the University of Missouri School of Law, recognized that blockchain-based decentralized networks do not fit “neatly” within their securities framework.
2019-2-11 21:30 | |
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When QuadrigaCX announced last month that CEO Gerald Cotten had suddenly died and roughly $150 million in cryptocurrency ($180 million Canadian) was inaccessible as a result, the crypto world went nuts.
2019-2-5 20:35 | |
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Shares in debt-laden Reliance Communications (RCom) fell close to 50% on Monday as the Anil Ambani-owned company announced that it would seek bankruptcy protection from India’s insolvency tribunal.
2019-2-5 15:57 | |
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Two “prominent professional hacking groups” are responsible for the majority of publicly reported hacks of cryptocurrency exchanges and other cryptocurrency organizations, concludes a report published by blockchain data analytics firm Chainalysis this week.
2019-2-2 01:45 | |
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A former regional director at the U.S. Securities and Exchange Commission (SEC), Shamoil T. Shipchandler, has resigned his position at the SEC for Jones Day, a global law firm. Shipchandler, who supervised a large number of high-profile crypto cases, was in charge of more than a hundred attorneys, accountants, investigators and compliance examiners at the […]
2019-1-30 09:10 | |
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BitGrail, NANO, Raiblocks (XRB)–In another twist on the now lengthy scandal involving the hacked cryptocurrency exchange BitGrail, Francesco Firano, the platform’s owner, has been sentenced by court of law to return investor funds–at least to the degree that he is able.
2019-1-29 04:54 | |
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According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.
2019-1-24 20:28 | |
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The US Securities and Exchange Commission (SEC) has frozen all pending administrative proceedings due to the government shutdown. According to a legal expert, however, the Commission is not allowed, by law, to delay the decision on VanEck/SolidX Bitcoin ETF past its current deadline.
2019-1-19 05:00 | |
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It seems like ShapeShift has done exactly as its name suggests, changing form almost beyond recognition. Founder, CEO, and no fan of the SEC, Erik Voorhees’ exchange once existed without accounts.
2019-1-19 23:00 | |
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Prominent cryptocurrency exchange service ShapeShift has disclosed the number of times it has been forced to give up information about its users to international authorities. In a blog post, ShapeShift revealed it has “assisted” law enforcement agencies with 60 different inquires last year, 30 percent of which came from the United States.
2019-1-18 19:31 | |
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Law enforcement subpoena requests to crypto exchange ShapeShift rose 175 percent in the second half of 2018: report
2019-1-19 14:20 | |
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The alleged hack at NZ exchange Cryptopia is now an official police matter, law enforcement confirms
2019-1-17 11:04 | |
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Silver Miller and securities law firm Levi & Korsinsky from United States have filed a lawsuit against the developers of altcoin Nano (NANO) as well as Italian cryptocurrency exchange BitGrail, according to a notice published Jan.
2019-1-11 13:16 | |
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Kraken revealed in a tweet shared on January 5th that the volume of Law Enforcement inquiries received by the exchange in 2018 has tripled as compared to 2017. The US-based exchange commented on the finding by stating that the cost of handling those agencies subpoenas is unequivocally becoming a barrier to entry for US customers.
2019-1-9 20:29 | |
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Silver Miller, a United States-based securities law firm committed to investment fraud and consumer class action cases, has joined forces with Levi Korsinsky to file a class action lawsuit against Nano (NANO) and the controversial BitGrail cryptocurrency exchange for allegedly defrauding investors according to a press release on January 7, 2018.
2019-1-9 17:00 | |
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U.S. law firms Silver Miller and Levi & Korsinsky have filed a lawsuit against altcoin Nano, demanding a “rescue fork” to compensate lost funds
2019-1-9 23:53 | |
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In 2018, crypto exchange Kraken received nearly three times more law enforcement inquiries compared to the previous year
2019-1-7 22:51 | |
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International law is tricky and so is an international business, in between the gray areas lies pertinent questions about knowledge and responsibility. Something that the founder of the Romanian crypto exchange Coinflux, Nistor Vlad Calin, is learning about.
2019-1-6 21:05 | |
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Cryptocurrency exchange Kraken has revealed that it has received three times more law enforcement requests in 2018 compared to 2017. The overwhelming majority of requesting authorities is in the US.
2019-1-6 15:00 | |
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Five cryptocurrency exchange operators including Coincheck have signed up to self-regulate under Japanese law. They have joined the self-regulatory association which, until now, has only accepted regulated crypto exchanges as members.
2019-1-5 16:10 | |
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Having worked over a decade in government before becoming a commissioner to the U.S. Securities and Exchange Commission (SEC), Hester Peirce is a regulator well-versed in matters of both rulemaking and securities law.
2018-12-31 19:55 | |
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India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.
2018-12-28 02:16 | |
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Japanese law authorities have proposed a ten-year prison sentence for the ousted founder of the now-defunct Bitcoin exchange Mt. Gox, reported local publication Mainichi on December 12, 2018. Mt. Gox in Shambles Once the world’s largest bitcoin exchange, Mt.
2018-12-13 04:00 | |
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On December 7, 2018, the United States Securities and Exchange Commission (SEC) issued a cease and desist order and a penalty of $50,000 against Delaware-based crypto assets fund firm CoinAlpha Advisors LLC.
2018-12-9 18:00 | |
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Steven Peikin, co-director of the enforcement division of the U. S. Securities and Exchange Commission (SEC), recently described international cooperation as playing a critical role in facilitating investigations in the initial coin offering (ICO) sector.
2018-12-7 12:10 | |
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Japan’s National Police Agency (NPA) received 5,944 reports on the suspected use of cryptocurrencies for wrongful purposes, such as money laundering, in January-October, Jiji Press reported on December 6.
2018-12-6 17:36 | |
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Coinzoom Australia said Dec. 3 that it has been officially registered as a digital currency exchange with financial watchdog Austrac. The registration allows the exchange to operate legally according to Australian law.
2018-12-4 22:30 | |
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Japan’s Financial Services Agency (FSA) is reportedly set to introduce a regulatory framework governing initial coin offerings (ICOs). FSA to Limit Participation Capabilities Citing sources familiar to the matter, local Japanese media Jiji Press reports that the country’s Financial Services Agency is set to introduce regulations on initial coin offerings.
2018-12-3 18:00 | |
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Jay Clayton, the chairman of the U. S. Securities and Exchange Commission (SEC), recently discussed the current regulatory climate surrounding initial coin offerings (ICOs). Clayton emphasized that all ICOs must register with the SEC to ensure compliance with U.
2018-12-1 15:00 | |
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Jay Clayton, the chairman of the U. S. Securities and Exchange Commission (SEC), recently discussed the current regulatory climate surrounding initial coin offerings (ICOs). Clayton emphasized that all ICOs must register with the SEC to ensure compliance with U.
2018-12-1 15:00 | |
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On November 27, 2018, a California judge turned back the SEC’s request for an injunction against token company BlockVest, a company the U. S. Securities and Exchange Commission (SEC) is pursuing for allegedly conducting an unregistered securities offering.
2018-12-1 22:36 | |
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A new development has arisen in the U. S. Securities and Exchange Commission’s (SEC) efforts to regulate ICOs: a District Judge has turned back a request for an injunction.
2018-11-30 23:08 | |
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Jared Rice Sr. , CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation (FBI) on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud.
2018-11-30 23:03 | |
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Tether is launching a new liquidity portal, one that will finally allow the direct redemption of Tether’s stablecoin USDT back into fiat. According to a new report released on the company’s website, Tether is going to “launch a redesigned platform allowing for the verification of new customers and direct redemption of Tether to fiat.
2018-11-28 01:21 | |
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Tokyo police arrested eight men on November 14, 2018, for a cryptocurrency-related pyramid scheme that scammed 6,000 people of 7. 8 billion yen (approximately $68. 42 million). According to Japanese News company Asahi Shimbun on November 16, 2018, the Tokyo Metropolitan Police Department suspected that the arrested men might have violated the Financial Instruments and Exchange Law as they failed to register their.
2018-11-18 02:00 | |
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There are those who are arguing that the federal government – particularly the Securities and Exchange Commission – should not have jurisdiction over the cryptocurrency and ICO industry. One specific individual heading the argument is Ohio Representative Warren Davidson, who is a republican and is opposed to federal oversight. In an effort to prompt the […]
2018-11-15 22:47 | |
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Crypto scams around pig butchering saw crypto users lose over $3. 6 billion in 2024. This reflects a 40% surge in the past year. Pig butchering scams hit highest in 2024 to crypto users,according to a report issued by Cyvers.
Pink Drainer lost 10 ETH ($30,000) to an address poisoning scam, exploiting address similarities. Attackers mimicked Pink Drainer’s wallet address to deceive them into sending funds. The attack comes days after Pink Drainer announced ceasing operations.
Layerswap’s domain, layerswap. io, was hijacked, leading to a phishing scam and $100,000 loss. Despite delays, Layerswap regained control, pledged full refunds, and offered a 10% bonus. Crypto scams remain prevalent, with $46.
So far, concerns have escalated over the use of cryptocurrency by sanctioned groups and terrorist organizations, as revealed in the latest “2024 Crypto Crime Report” by leading blockchain analytics firm Chainalysis.
KyberSwap is yet to get back the $7 million that was stolen on November 22. The decentralized exchange has offered a 10% bounty to the hacker in a bid to get the funds back. Security firm Beosin unveils the intricacies of the exploit, attributing the attack to a vulnerability in Kyber’s liquidity pools.
CREDIX token value has plunged by 100%. The price drop is attributed to a Rug Pull as reported PeckShieldAlert. The rug pull involved a wallet address that executed a swap transaction. In a recent turn of events, the cryptocurrency CredixFinance (CREDIX) has experienced a staggering 100% decline, leaving investors and the crypto community in disbelief.
Lee Jeong-hoon, former Bithumb Chairman, faces an eight-year prison term. Prosecutors assert Lee misled Kim about joint Bithumb management, BXA Coin listing, and restructuring to evade financial regulations.