Decentralized finance (DeFi) platforms have been the target of criminal attacks this year. Investors in the blockchain-based form of finance have lost billions of dollars to criminals that target the platforms. The total amount of money deposited at DeFi services has spiked from just $500 million in 2019 to $247 billion this year. Related Reading | Dog-Themed…
Video games introduce players to exciting worlds composed of stunning visuals, captivating storylines, and multiplayer experiences. Strategy, action, and community merge together on screen as players drive, fly, fight, and compete toward the end of their mission. Behind the scenes though sits another game of sorts, one that is of vital importance for publishers, marketplaces,…
The UK’s Financial Conduct Authority has charged two men for orchestrating a £1.5 million cryptocurrency fraud, they both pleaded guilty to multiple charges In a landmark case that has underlined the risk of unauthorized crypto schemes, the UK’s Financial Conduct Authority has prosecuted two men, Raymondip Bedi and Patrick Mavanga, for orchestrating a £1.5 million…
Facebook has banned people entirely from advertising bitcoin and other cryptocurrencies. The site's new policy is just the latest expression of concern that the rising price and interest in bitcoin is allowing malicious scammers to try and defraud people interested in investing in cryptocurrencies. Facebook said it had found a huge number of people using the…
What does a OneLife-produced event look like? Is the organization that supports the OneCoin community competent enough to produce a beauty pageant? The answer to those questions might surprise you. For this fourth episode, Jamie Bartlett and Georgia Catt go into the lion’s den. They travel to Bucharest, Romania, and witness the Miss OneLife coronation.…
A US investor says he lost $3 million in XRP after hackers emptied his wallet, and blockchain tracking suggests the funds moved fast through shadowy over-the-counter networks tied to Southeast Asia. Related Reading Funds Traced To OTC Networks According to blockchain sleuth ZachXBT, the stolen coins were first pooled into a single Tron address and…
Circle Society, Corp., and its owner, David Gilbert Saffron, have been charged with fraud relating to an Bitcoin and crypto asset investment scheme. The Nevada-based firm is suspected of operating an $11 million binary options scheme. The charges have been brought by the CFTC. Curiously, the chair of the US financial regulator said such scams…
Between Harvey, Irma, Maria, and now Florence, the United States has seen an unprecedented amount of disastrous natural disasters that have devastated communities and have left billions of dollars’ worth of damages in their wake. Ethereum’s blockchain is now potentially being used to solved many of the resulting problems. The sheer number of insurance requests…
Blockchain analytics firm Chainalysis puts the number at close to $20 billion — the estimated volume of dirty money that flowed through Xinbi, a Chinese-language crypto marketplace, between 2021 and 2025. Now the UK government wants to shut it down. Related Reading Scam Hubs At The Center Of It All Britain’s Foreign, Commonwealth & Development…
In a case that could set a precedent in the United Kingdom, a 37-year-old trader has pleaded not guilty to charges related to operating an illegal cryptocurrency ATM business Habibur Rahman, a 37-year-old trader from East Ham, London, has pleaded not guilty to charges related to operating an illegal cryptocurrency ATM business and laundering approximately…