![Hacker Pleads Guilty in Crypto-Related SEC X Account Breach](maxthumb/bitcoinist.png)
Hacker Pleads Guilty in Crypto-Related SEC X Account Breach
A recent guilty plea in a high-profile hacking case has drawn attention to vulnerabilities in online account security and the ripple effects they can have on cryptocurrency markets. Eric Council, a 25-year-old from Athens, Georgia, has pleaded guilty in the United States federal court to charges related to the hacking of the US Securities and […]
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A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses.
Bitclub Network Investor Pleads Guilty
The U.S. Department of Justice (DOJ) announced Thursday that Gordon Brad Beckstead, a 57-year-old from Henderson, Nevada, has pleaded guilty in connection with the Bitclub Network fraud. The announcement details:
A Nevada man today admitted his role in laundering funds solicited for Bitclub Network, a $722 million fraudulent cryptocurrency scheme.
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A promoter of the cryptocurrency scheme previously touted by famous martial artist and actor Steven Seagal has pleaded guilty for his participation. The scheme falsely claimed that it “could generate an 8,000% return for investors within one year.” Crypto Scheme Promoter Pleads Guilty The U.S. Department of Justice (DOJ) announced Friday that John DeMarr, 55, has pleaded guilty “for his participation in a coordinated cryptocurrency and securities fraud scheme through purported digital currency platforms and foreign-based financial accounts.” DeMarr admitted to....