Why The CEO Of This Crypto Exchange Was Arrested For Leaking Secrets To North...
Per a report from a local news media, the CEO of an unnamed South Korean crypto exchange platform was arrested for his alleged connection to an espionage operation. The executive was acting as an intermediary between a North Korean agent and elements in the South Korean army, the report claims. Related Reading | Illegal Crypto Exchange […]
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More revelations have come to light since the trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), commenced last week. Part of these secrets include the alleged illegalities that went on in FTX and its sister company, Alameda Research. FTX Offered To Pay Whistleblower $5 Million According to a report […]
Five individuals have been arrested by Hong Kong police forces in connection with the collapse of MyCoin, an alleged bitcoin trading platform. The arrests were made as part of a broader hunt for individuals associated with MyCoin, which is believed to have cost investors millions of dollars in losses for fraudulent activities. The five were arrested for conspiracy to defraud, according to the South China Morning Post. The individuals taken into custody on 5th March were allegedly involved with soliciting funds for the scheme and holding events to attract potential investors. Hong Kong....
An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The scheme also promised investors a monthly return of 20%-30% on investments. Alleged Kingpin of Crypto Scam Arrested An alleged mastermind of a cryptocurrency scam, Umesh Verma, was arrested at the Indira Gandhi International Airport on Thursday as he arrived from Dubai. Local media reported that he was arrested “on charges of duping at least 45 people to the tune of Rs 2.5....
Japanese authorities will be arresting Mark Karpeles, former CEO of Mt. Gox, at one time the largest Bitcoin exchange in the world. Investigators claim that Karpeles played the system for years, skimming bitcoins while the exchange was actually in debt. It is now commonly believed that the exchange may have been broke since as early as 2011, but always managed to appear as if things were being done properly. The Japanese government is charging Karpeles with cooking the books, using fake accounts to fill orders, fraudulently skimming funds in the process. Following the independent report....
The CEO of failed Bitcoin exchange company Mt. Gox has been arrested by the Japanese police and is currently being held in connection with the loss of bitcoins worth $387 million. Mark Karpelès, former founder and CEO of Japanese-based bitcoin exchange Mt. Gox, once the biggest bitcoin exchange in the world has been arrested in Japan by the country's police on suspicion on inflating his account by a million dollars. Japanese police arrested Karpelès, 30, alleging that he manipulated the collapsed company's computer systems in February 2013 to increase the cash balance in an account owned....