Poloniex Confirms Hacker’s ID, Involves Police In Investigation
Crypto exchange Poloniex claims to have confirmed the identity of the party behind the $126 million hack of its platform. In addition, the crypto exchange has also invited the local police of multiple nations into its investigation as it looks to recover these stolen assets. On November 10, Poloniex, which is majorly owned by TRON […]
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The Tokyo Metropolitan Police Department has launched an official investigation into possible illicit activity surrounding the closure of Japan-based bitcoin exchange Mt. Gox. The news comes roughly five months after the bitcoin exchange reported it lost roughly744,400 BTC - then about $350m in customer funds, and about one month since Mt. Gox was approved for its Chapter 15 bankruptcy in the US. A spokesperson for the police department told The Wall Street Journal: "We decided to launch an investigation as we concluded this case could be connected to criminal activity." Tokyo police told....
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts.
Embezzlement Investigation and Asset Freeze
The Seoul Metropolitan Police Agency’s Cybercrime Investigation Unit announced Monday that it has launched an investigation into possible embezzlement by an employee of Terraform Labs, local media reported.
An official from the Seoul Metropolitan....
A total of six people has been arrested during police raids yesterday, which took place in The Netherlands and beyond. These police raids are a result of an ongoing investigation regarding money laundering with Bitcoin, a service offered by several individual residing in the Rotterdam area. Bitcoin’s PR problem has gotten slightly worse yet again by the look of things. It is not the first time Bitcoin is linked to money laundering activities. However, this police investigation focuses on several individuals offering a guaranteed anonymous exchange from fiat currency to Bitcoin. This type....
We have a problem. There is a problem with cryptocurrency, How do we police crypto? A big problem, and that problem is that many members of the general public see it as just another scam. Why do they believe this? Well, the fiasco at Mt Gox is one reason, the well publicised losses at Fortress are another, Flexcoin and Poloniex are just two more and then there are the cryptocoins they can buy on sites such as eBay, completing the transaction just days before the value drops and yet another pump and dump scheme reaches its climax. Crypto is certainly getting bad press and to be fair it does....
The Australian Federal Police (AFP) has uncovered cryptocurrency and cash worth more than $1.66 million during an investigation. Following information received from the FBI, the AFP arrested a hacker who sold stolen Netflix and Spotify subscriptions. Subsequently, the Supreme Court of New South Wales ordered the convicted hacker to forfeit the currencies to the Commonwealth. […]