Search Results for: Police

Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department

The police department of the Haizhou district in Lianyungang, a coastal city in China published an announcement on ” information verification and registration of investment members of the Baer Chain case” on June 15. According to the notice, the project has been classified as a Ponzi scheme. As shown on CoinMarketCap, the trading volume of … Continue reading Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand police have revealed that they have frozen NZD$140 million ($90 million) from Canton Business Corp and its company owner Alexander Vinnik who were holding funds in a New Zealand company. Vinnik is now in French custody but is also wanted in the US. Andrew Coster, New Zealand Police Commissioner, stated that they had … Continue reading New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials

The Chinese police arrested a crypto scammer gang in Wenzhou that reportedly swindled $14.3M in cryptocurrencies.   The gang, which was made up of Chinese graduate classmates, operated by reaching out to victims through Telegram group chats, one of which was called “Huobi Global Moving Brick Arbitrage HT Chinese Group Community.” By posing as the global investment group and with the help of devised marketing … Continue reading Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials

Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims. According to the announcement by local outlet CLS on July 30, two million people with at least 3,000 hierarchies were involved, and it was the first online … Continue reading Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Police Search of South Korean Coinbit Crypto Exchange Finds 99% Trade Volume Manipulation

Coinbit, the third-largest crypto exchange in South Korea, has found itself in trouble with the authorities for alleged arbitrage manipulation of Bitcoin (BTC), Ripple (XRP), and Ethereum (Eth) transaction volume. Foul play detected The Seoul Metropolitan Police Agency alleges that Coinbit has gained unfair income to the tune of 100 billion won, approximately $84 million … Continue reading Police Search of South Korean Coinbit Crypto Exchange Finds 99% Trade Volume Manipulation

South Korean Police Raid Bithumb Crypto Exchange Headquarters On Fraud Allegations

South Korean Police have raided the headquarters of Bithumb, South Korea’s largest cryptocurrency exchange on trading volume, reportedly as part of a wider investigation into embezzlement and fraud. According to a local media outlet, Newsis reported that on Sep. 2, law enforcement officers from the Seoul Metropolitan Police Agency’s Intelligence Unit raided and searched Bithumb’s … Continue reading South Korean Police Raid Bithumb Crypto Exchange Headquarters On Fraud Allegations

South Korean Police Raid Bithumb Crypto Exchange For Second Time in BXA Token Fraud Case

Bithumb, the largest cryptocurrency exchange in Korea has been raided for a second time in five days by the Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit in connection to the BXA token fraud allegations against its Chairman. Following an initial raid on Bithumb headquarters in Seoul on Sept. 2 in connection with  fraud charges, … Continue reading South Korean Police Raid Bithumb Crypto Exchange For Second Time in BXA Token Fraud Case

Bithumb CEO Summoned by South Korean Authorities Following Police Raid on Offices

The Chairman of the Board of Directors of Bithumb Holdings, Lee Jung-hoon has been summoned by the Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit. Per reports from South Korea’s Yonhap News Agency, Chairman Lee was summoned on allegations of defaulting to list the controversial token called BXA tokens. As Blockchain.news previously reported, the genesis … Continue reading Bithumb CEO Summoned by South Korean Authorities Following Police Raid on Offices

French Police Arrest 29 People for Financing Syrian Islamist Terrorists Using Bitcoin Coupons

The French police have apprehended 29 individuals across the nation suspected of funding Islamist extremists in Syria using cryptocurrencies. French authorities allege that the arrested individuals are involved in a complex terrorism-fiancing scheme using coupons to finance terror members in Syria as the payments are credited to the extremists’ Bitcoin accounts. Purchasing cryptocurrency coupons The … Continue reading French Police Arrest 29 People for Financing Syrian Islamist Terrorists Using Bitcoin Coupons

Twitter CEO Jack Dorsey Supports Nigerian Protest Against Police Brutality With Bitcoin Donations

Twitter’s Chief Executive Officer Jack Dorsey has thrown his support behind the ongoing #EndSars campaign and protests in Nigeria with Bitcoin (BTC) donations. The protests aim to shine a light on police brutality in the African nation. Dorsey revealed his support for the Nigerian movement via Twitter on Wednesday where he said: “Donate via #Bitcoin … Continue reading Twitter CEO Jack Dorsey Supports Nigerian Protest Against Police Brutality With Bitcoin Donations

Exit mobile version