European Parliament Petitioned to Create Crypto Crime Compensation Fund

A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims.

Mt. Gox Victims Can Now Recoup (Some of) Their Bitcoin

Investors in the defunct Bitcoin exchange have been trying to recoup at least some of their losses since 2014.

Report: Mt Gox Creditors Could Claim 90% Of The Owned Bitcoins After A CoinLab Deal

Victims of the infamous Mt. Gox hack could finally see a happy ending after a deal that will enable them to claim 90% of the bitcoins they are owned.

EU Parliament Receives Petition Seeking to Establish Crypto Crime Victims’ Fund

The petition asks the EU to take a tiny fee on crypto transactions to be pooled into a fund for victims of fraud and hacks.

Founder of a $147M Crypto Ponzi Scheme Sentenced to 10 Years in Prison

The founder of GemCoin faces ten years in prison for a $147 million fraud, which duped more than 70,000 victims into investing in a gemstone-backed token.

Crypto-Stealing Malware Targets At Least 6.5K Victims

The ElectroRAT malware has been attempting to steal cryptoassets, including bitcoin (BTC), litecoin (LTC), ethereum (ETH), and monero (XMR), among others, from thousands of victims for the past year, according to a researcher at the New York-based cybersecurity company Intezer Labs. Intezer estimates the campaign has infected thousands of victims, “based on the

Indian Cryptocurrency Fraudster Arrested For Duping $350K From 45 Victims

By falsely promising 20%-30% monthly returns for investing in a new cryptocurrency, a 60-year-old fraudster had duped $350,000 from 45 victims.

Binance Pledges $10 Million to Compensate Cover Finance Hack Victims

After the price of Cover Finance’s token was obliterated via an infinite minting attack, Binance decided to step in.

FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto Ransoms

The US Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group.

Regulatory Crypto Primer, NiceHash Reimburses BTC 4.6K Hack Victims + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news The US Commodity Futures Trading Commission (CFTC) released a Digital Assets Primer today.

Compound refused to compensate victims of unfair liquidation — Here's why

Compound governance refused to compensate COMP farmers right now, but the proposal may come back. On Dec.

Lawyer Who Represents Victims of Alleged Spanish Crypto Ponzi Says It Could Be the ‘Biggest One’ in the Country

The Arbistar case victims’ defense lawyer claims that the overall number of those affected amounts to 32,000 families with at least 93.4 million euros ($113.55 million) in losses.

Mt. Gox trustee submits draft rehabilitation plan

The long wait for the victims of the Mt.

Caitlin Long calls on SIM swap victims to help resurrect Wyoming bill

“A SIM swap was part of the infamous Twitter hack in July, so this is no longer just an issue affecting the crypto industry," said Long. Caitlin Long, founder and CEO of Avanti Financial, is asking crypto users and others to testify in support of a piece of legislation which could help stop SIM swap attacks.  In a tweet posted today, Long requested that any of her 70,500 followers who had been the victim of a SIM swap testify for the Wyoming legislature on Dec.

NiceHash Exchange Keeps Promise to Reimburse Victims of 2017 Security Breach

NiceHash is making good on its promise to repay victims of the 2017 security breach of its exchange, which saw over 4640 BTC stolen ($55,680,000 in Bitcoin at the time).

Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams

Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in.

‘Ragnar Locker’ Gang Uses Facebook Ads in $15 Million Bitcoin Ransom

A hacker group targeted a major Italian alcohol producer and demanded a Bitcoin ransom—taking out Facebook ads to “pressure” the victims.

8,000 Bitcoin Scam Victims Get Refunds From US Regulator

The US Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams.

Ernst and Young Trustee Outline Options for Compensating QuadrigaCX Victims

Ernst and Young has filed a report with the Ontario Superior Court of Justice suggesting how the court should distribute the recovered funds.

Crypto investors in UK allege to be victims of $3M 'staking' scam

Several cryptocurrency investors in the UK claimed to have lost hundreds of thousands of pounds in a so-called Lyfcoin crypto project which they believe to be a scam according to a local news report.

EU Rejects Petition for Tax-Based Crypto-Crime Victims’ Fund

Victims of cryptocurrency-related crimes don’t warrant any special treatment, said the EU Parliament’s committee.

Tether Froze $300K of Stablecoin Hacked After Victims Left Wallet Keys in Evernote

The US government is pursuing a civil forfeiture claim on the more than 300,000 units of the tether (USDT) cryptocurrency said to have been stolen earlier this year.

European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry

The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU.

Telecoms protocol from 1975 exploited to target 20 crypto executives

At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month. Hackers compromised the Telegram messenger and email accounts of multiple cryptocurrency executives last month by exploiting a vulnerability in a decades old protocol.  The fraudsters are believed to have been trying to intercept two-factor authentication codes of victims in an attack on Israel-based telecommunications provider Partner Communications Company, formerly known as Orange Israel. The attacks are currently being investigated by Israel’s National Cyber Security Authority, and national intelligence agency Mossad. According to cybersecurity publication Bleeping Computer, the devices of at least 20 Partner clients were compromised.

$1.7 Billion Rehabilitation Plan for Mt. Gox Hack Victims Shelved Until December

Victims of the now non-defunct crypto exchange Mt.

Mt. Gox’s $1.5 Billion Rehabilitation Plan Delayed Again

The infamous crypto exchange is supposed to return over 150,000 Bitcoin to victims of the 2014 hack.

Robinhood Traders, Including Bitcoin Holders, Left in the Lurch Following Theft: Report

The popular personal investing platform did not do enough to help targeted customers, victims claim.

OFAC Warns That Firms Helping Victims With Ransomware Payouts Risk Violating Its Rules

If you assist a ransomware victim in paying out to cyber attackers, you could end up facing civil penalties, OFAC says.

US Treasury warns crypto firms not to reimburse unknown ransomware victims

Malware payouts from insurance companies pose a threat to US national security. Two offices of the US Department of the Treasury have issued advisories on ransomware payouts, which they say pose a threat to national security.

Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation Fund

Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund.

SEC Seeks Trial of Swedish National Over Alleged Fraud That Took $3.5M in Crypto

The man is alleged to have fleeced 2,200 victims in the US and 45 other countries, netting $3.5 million via payments in bitcoin and other digital assets.

Maker Votes to Not Compensate Black Thursday Victims

The decentralized court has ruled, and MakerDAO traders who got wiped out last March won't be seeing a penny of that money back.

European Union Parliament Considers Petition for Crypto Fraud Victims Fund

European Union Parliament is considering a petition from a consortium of individuals and companies to establish a restitution fund for victims of crypto-fraud.

Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation.

Blockchain Bites: MakerDAO’s Do or Dai Moment, Bitcoin in Africa, Dollar Trends Up

MakerDAO has voted not to compensate victims of the "Black Thursday" flash crash, a former Pantera partner is launching a new crypto-focused fund and bitcoin may be headed to the doldrums as the US dollar rises.

Member of Dark Overlord Crypto Hacking Group Pleads Guilty to Ransom Attacks

UK national Nathan Wyatt was found guilty of multiple charges this week after extracting personal information from victims while demanding a Bitcoin ransom.

Member of Bitcoin Ransom Gang “The Dark Overlord” Arrested

A UK national plead guilty in US courts this week in connection with a ransomware group that demanded Bitcoin from victims.

Hacked Cryptopia Gets One Step Closer to Returning Funds

The liquidator of New Zealand crypto exchange Cryptopia plans to open a portal for the victims of the hack by the end of the year.

UJ DOJ Indicted Two Russians For Duping $17M From Crypto Exchanges and Customers

Two Russian nationals are indicted for duping nearly $17 million worth of cryptocurrencies from exchanges and their victims.

US ramps up enforcement actions against global crypto scams

The US Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams. The United States has taken actions against international hackers responsible for the theft of millions of dollars in cryptocurrency. On September 16, the US Department of Justice, US Department of Homeland Security, and the US The Department of the Treasury’s Office of Foreign Assets Control announced it has imposed sanctions on two Russian nationals who used a sophistication phishing campaign to steal at least $16.8 million from the customers of three virtual currency exchanges in 2017 and 2018 — including two based in the United States. The pair, Danil Potekhin and Dmitrii Karasavidi, created multiple websites impersonating legitimate crypto exchanges to steal the login information for unsuspecting victims, before using accounts verified with stolen identities to move the crypto assets through various intermediaries and execute pump and dump schemes targeting altcoins with low market capitalization.

6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China

Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday.