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Resigned Wirecard CEO Detained by Police as $2.1B Fraud Threatens Company

The former chief executive officer of Wirecard, a German fintech company, has been detained by Munich police after being charged with misrepresenting the company’s balances.As reported by Reuters and many others, Markus Braun, who led the company for the better part of two decades, has been arrested by police in Munich,

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How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims

Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures.An interview with Bitcoin

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Founder of Floyd Mayweather-Promoted ICO to Plead Guilty to Fraud

Robert Farkas is negotiating a plea bargain for his role in the fraudulent Centra Tech initial coin offering (ICO) that commissioned celebrity endorsements from Floyd Mayweather Jr and DJ Khaled.U.S. District Judge Lorna Schofield has granted Farkas’ attorneys’ request to schedule a plea hearing for next week, with details of

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Norwegian Salmon Exporter Fights Food Fraud With Blockchain

[sociallocker id="55298"] The Norwegian-based producer of farmed-salmon, Kvarøy Arctic, has become the latest firm to join IBM’s Food Trust — the tech giant’s blockchain-based supply chain solution for the food industry. Kvarøy Arctic is a supplier for numerous restaurants and Whole Foods retailers in the United States and Canada, and will

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Not Your Tulip Trust? Message Calling Craig Wright ‘Fraud’ May Unlock the Case

Infamous cryptocurrency figure Craig Wright faces newfound legal challenges over more than 1 million Bitcoin (BTC) after addresses listed in the Tulip Trust were used to sign a message labeling him a fraud. Wright has long been a divisive figure within the cryptocurrency community, having made unverified claims of being

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Blockchain ID Solution Aims to Tackle Spike in Delivery Fraud Amid Coronavirus Measures

Nuggets, a digital identity and payments platform, has developed a way to accept deliveries without needing a physical signature to combat a spike in fraud and chargebacks during the COVID-19 pandemic. Using biometrically verified contactless delivery technology secured with blockchain technology, the London-based firm wants to equip consumers with the means

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Over a Hundred 10-Year-Old Bitcoin Addresses Signed: Message Calls ‘Craig Wright a Fraud’ 

Just recently news.Cryptox.trade reported on Craig Wright’s recently submitted bitcoin address list that contained at least three spent blocks. Following the court filing, on May 25 a pastezone dump of 144 addresses, which are also represented in Wright’s list, contained a verified message that notes “Craig Steven Wright is

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