Bitcoin Exchange That Hacked JPMorgan Chase: Three More in Court
The fallout from the Israeli exchange Coin.mx’s shut down two years ago continues with three more people due to be sentenced in court next month. Among them is the United States resident Ricardo Hill, accused of engaging in fraudulent activities while working for the exchange which orchestrated cyber attacks against companies such as JPMorgan Chase while it was operating. In July 2015, Cointelegraph reported on the initial indictment of Coin.mx, which prosecutors believe is partly responsible for a cyber attack compromising the details of around 80 mln customers at the global accounting....
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A possible cryptocurrency scam is using JPMorgan & Chase's branding - and the bank isn't happy about it. In a message posted to its Chinese-language website, JPMorgan disavowed any relationship with the so-called "JPMCoin" or "Morgan Dollars", a virtual currency currently being pitched via Chinese social media platforms. The bank said in the statement: "JPM Coin is not a product of JPMorgan Chase nor of any of its affiliates in China or elsewhere. JPMorgan Chase has not authorised any virtual currency (of this type or similar in any way). JPMorgan Chase has not authorized references to....
It is this latter part that causes some concern. For now, it remains unclear which Bitcoin exchange was run by these individuals. JPMorgan Chase fell victim a major computer hacking and fraud scheme a while ago. As it turns out, an American has been involved in this scheme. Joshua Aaron was arrested on Wednesday after the entered the US from Russia. This flight was a part of this extradition to the US, where the will face several charges relate to the JPMorgan Chase hack. A total of nine people are under investigation for their involvement in the hack against this financial institution.....
A Florida software engineer and a New Jersey pastor are expected to face trial connected to the Coin.mx bitcoin exchange investigation and a security breach at JPMorgan Chase & Co, reports Reuters. According to the report, jury selection is set to start in Manhattan federal court for Yuri Lebedev, the suspected planner behind Coin.mx’s platform, and Trevon Gross, a pastor and ex-chairman of a now-defunct credit union. Lebedev is suspected of misleading financial institutions into processing transactions for bitcoin exchange Coin.mx, which was unlicensed. He is also alleged to have....
JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market in a note published Friday. They explained that the near-term outlook for the crypto market is “challenging,” noting that blockchain data suggests recent....
JPMorgan Chase’s president that crypto “is kind of irrelevant in the scheme of things.” Commenting on the U.S. economy, he defended the Federal Reserve’s hawkish stance, emphasizing that if the Fed’s action “causes a slightly deeper recession for a period of time” then “that is the price we have to pay.” JPMorgan Chase President on U.S. Economy and Recession JPMorgan Chase President Daniel Pinto commented on the U.S. economy and cryptocurrency in an interview with CNBC, published Monday. Pinto is also the global investment bank’s....