Meta said Thursday that it removed more than 2 million accounts this year that sought to trick internet users around the world into forking over their money in fake investment schemes, part of a rise in criminal activity across the web. The accounts are linked to so-called pig butchering schemes, in which criminal organizations make […]
Continue ReadingMonthly Archives: November 2024
Crypto Laundering Scheme
A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto. The value of that bitcoin at the time of the hack was just $70 million when […]
Continue ReadingCrypto Witch Hunt
SEC Sued by 18 States for Overstepping on Crypto Regulation 18 Republican Attorney Generals signed the lawsuit against the SEC and five of its commissioners for going after crypto companies and preventing the States from formulating their regulations. The lawsuit alleged that the agency’s crackdown on crypto companies goes against constitutionally bestowed powers to the […]
Continue ReadingCrypto’s Millions Yield Win
Republican Bernie Moreno unseated the incumbent Democrat in Ohio’s senate race, a major win for crypto companies that had funneled millions of dollars into his campaign. Moreno, a car dealer and blockchain entrepreneur, defeated Sherrod Brown late on Tuesday, putting the GOP on track for a Senate majority. Brown, a crypto skeptic and the chairman […]
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