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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Several suspects have been apprehended in China for selling used graphics cards as new to crypto miners in a counterfeit operation, reports on July 20 reveal. Their modus operandi involved purchasing relatively new GPUs in bulk from miners, cleaning
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Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming legislation for the industry. ‘Underground’ Crypto Mining
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Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Department announced. The Russian owner of the platform has been arrested for his role in the alleged transmission of illicit money. Bitzlato claimed
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The bust saw four call centers and 18 other places searched, with 14 people arrested in Serbia and one in Germany. Source
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Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian
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Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers
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Russian authorities have arrested a group of several dozen individuals who allegedly sold more than 1 billion counterfeit rubles (roughly $13.6 million in nominal value) for crypto assets over the dark web.The Russian Ministry of Internal Affairs has described the scale and scope of the operation as unprecedented.Russian police
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U.S. Attorney Craig Carpenito announced the arrests of four men who were accused of defrauding investors during an investigation of a crypto Ponzi scheme called the BitClub Network. The fraudulent scheme was based on a whopping $722 million cryptocurrency mining scam.Yes, you’ve been reading it right, seven hundred and twenty
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A gigantic Monero cryptojacking scheme, big enough to take down all the civilian websites on the planet, was recently taken down by the French police. The French police cybercrime unit, C3N, believes the scheme was designed by a French-speaking group, which has allegedly made millions of euros from several fraudulent
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