Crypto Corruption Exposed: Thailand Police Gang Arrested For $165K Extortion
“Police are inevitably corrupted.” A quote from Frank Herbert’s novel God Emperor of Dune may hold true in the case of a group of cops in Thailand who allegedly prey on foreign nationals to extort money. A Chinese-Vanuatu expat who filed a complaint at Thailand’s law enforcement agency said that the extortionist cops coerced him […]
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A report revealed that the spouse of one of the co-founders of the now-defunct Three Arrows Capital, or 3AC, sold one of their luxurious mansions in Singapore. Related Reading: Crypto Corruption Exposed: Thailand Police Gang Arrested For $165K Extortion Property Sale Despite Asset Freeze Reports disclosed that 3AC co-founder Zhu Su’s wife, Tao Yaqiong, successfully […]
Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest the victims and freeze their assets. Bitcoin Extortionists Arrested in India Delhi police have reportedly arrested 96 people for allegedly extorting bitcoin from foreign nationals through fake call center schemes. According to local media, 54 people were arrested for running a call center in west....
Bit2Bit responded to our request for comment and issued a statement following the police raid. The company said it was "appalled" by what happened, describing the seizure of its ATM as "collateral damage" in the war on gang crime. Bit2Bit went on record to state the following: "The arrested individual has no relationship to Bit2Bit Holdings Pty Ltd. He is not a shareholder, either directly, or indirectly. Rouge Coffee, and The Roastery Cafe do not own, or operate the ATM. The ATM is the sole property of Bit2Bit and is operated by us. The ATM does not allow large volume transactions.....
It is believed this gang's activity has caused losses worth 1.7bn rubles, or US$25m. Russia continues its crackdown against malware distributors and other criminals these days. It is good to see the Russian police focus their attention on where it really matters, rather than trying to oppose bitcoin. Another nine people have been arrested for their alleged involvement in the widespread criminal gang activity. These arrests come on the heels of over four dozen prior arrests carried out in the Summer of 2016. It will hardly come as a surprise most of the malware in circulation originates....
Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids carried out between Feb.15 and Feb.16, the Malay Mail reported. The miners are claimed to be worth a combined 2.6 million ringgits ($650,000). ● Seven local suspects aged between 24 and 64 were nabbed in the operation, which involved domestic power company Tenaga Nasional Berhad (TNB). ●....