Scams

With the April 11, 2019, US copyright registration no. TXu 2-136-996, the US Copyright Office said that Australian Dr. Craig Wright claims he is Satoshi Nakamoto. The registration covers the paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” created...

  About the only good news from the year-long crash in cryptocurrency values is the potential to offset losses against other tax liabilities for investors. This creates several critical tax challenges and choices for digital currency holders and traders...

The Securities and Exchange Commission (SEC) settled charges against professional boxer Floyd Mayweather Jr and music producer DJ Khaled for failing to disclose payments they received for illegally promoting investments in Initial Coin Offerings (ICOs). Mayweather agreed to...

  A New York City hacker used a smartphone SIM scam to steal more than $1 million from a wealthy Silicon Valley resident. The New York Post calls 21-year-old Manhattan resident Nicholas Truglia the “Billy the Kid of bitcoin”...

  In two recent blog posts, Weiss Cryptocurrency Ratings picked for cryptocurrencies to avoid and another for that it considers “buy-rated.” Today, we’ve got a quick summary of Weiss ratings on those cryptocurrencies analyst Juan Villaverde says to avoid...

A report from Group-IB shows 14 cyberattacks on cryptocurrency exchanges resulted in a loss of $882 million between January 2017 and September 2018. Five attacks have been linked to North Korean hackers from the Lazarus state-sponsored group on four...

  The US Securities and Exchange Commission (SEC) used an emergency court order to halt a planned initial coin offering (ICO) by Blockvest LLC and its founder, Reginald Buddy Ringgold, III. The SEC said Blockvest falsely claimed it was...

  A new report from cybersecurity firm CipherTrace says cryptocurrency thefts have reached nearly $1 billion so far in 2018. $927 million has been stolen by the end of September 2018, the company says, an increase of 250% over...

  In February 2014, the infamous Tokyo-based Mt Gox cryptocurrency exchange was hacked and more than 850,000 bitcoins worth an estimated $473 million at the time were stolen. Today, those bitcoins would have a market value of more than...

At the same time the New York State Attorney General issued a 42-page report with concerns about cryptocurrency exchange security and investor protection, Japanese cryptocurrency exchange Zaif was hacked for $59.7 million earlier this week. The loss was...