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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Creditors of failed cryptocurrency lending platform BlockFi are seeking liquidation of the firm’s assets, citing allegations of fraud and misconduct against the company and its CEO, Zac Prince. The unfolding financial crisis at BlockFi, a former cryptocurrency
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“It is time to end all of this,” the creditors’ filing said, adding that, unlike other cases of alleged crypto wrongdoing, such as Sam Bankman-Fried’s FTX, “BlockFi customers do not yet know their story, and this is facilitating case mischief … It is time for the Court to order an
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His lawyers say their client was put in a van on the day of his arrest and given a clipboard with a list of names of hundreds of the top players in the crypto industry, from Ethereum founder Vitalik Buterin to Caitlin Long, the founder and CEO of Custodia Bank,
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“This is an absolutely baseless extortion attempt. The individual is falsifying information to come across as legitimate, and they're just trying to extort money out of companies. I'm sure we're not the first company on their list or the only scam they have running,” Jeff Lunglhofer, chief information security officer
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A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware.“Current Trends in Ransomware” delves into trends observed during 2021 but was only released this week. The firm revealed there was almost a 500% increase
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Ripple Labs, the digital asset payment service provider tied to XRP, one of the five largest cryptocurrencies, was blackmailed at the height of crypto mania three years ago, CryptoX has learned.Documents obtained by CryptoX through a Freedom of Information Act request show an unidentified individual emailed Ripple on Oct. 19,
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The extortionists demand a payment in bitcoin to avoid the detonation of an explosive device, per a report. Source
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Nigerian programmer Adebiyi David Adedoyin hears knocking at his apartment door. He’s just woken up and headed to the bathroom. He decides to take his time. He’ll answer in a minute. But the knocking grows louder – and more urgent. Inching open the bathroom door, Adedoyin sees someone clawing open his apartment
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A group of hackers associated with the North Korean regime have kept their crypto extortion efforts alive in 2020.A group of North Korean hackers operating under the name “Lazarus” targeted several crypto exchanges last year, according to a report published by Chainalysis.One of the attacks involved the creation of a
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The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police extortion.Venezuela Seizes Bitcoin Mining
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