Ukrainian Authorities Arrest Four Suspects Tied To Fake Crypto Exchanges

Crime, News | June 25, 2018 By:

Ukrainian authorities have arrested four individuals suspected of running six fraudulent crypto exchanges.

The suspects allegedly launched at least six crypto exchanges and lured users by promoting the exchanges with fake positive ratings and online reviews. The suspects reportedly asked the victims to transfer funds into digital wallets registered under forged identification documents through the fake trading sites.


Moreno Cryptojackers Arrested In Japan

Crime, News | June 18, 2018 By:

Japanese authorities have arrested 16 individuals from 10 prefectures for their alleged involvement in cryptojacking.

Cryptojacking is a form of cyber attack in which a hacker hijacks a target’s processing power in order to mine cryptocurrency on the hacker’s behalf.

According to the National Police Agency,


Research Finds 68% Of Crypto Exchanges Don’t Follow KYC Verification – Report

Crime, FinTech, News, Regulation | June 5, 2018 By:

Research firm P.A.ID Strategies has released the results of its analysis into the on-boarding practices of cryptocurrency wallets and exchanges.

The research, commissioned by Mitek, a digital identity verification solutions firm, looked into whether prominent cryptocurrency exchanges and wallets across Europe and the US are using Know Your Customer (KYC) checks when on-boarding customers.