Japanese Police Arrests 18-Year Old Hacker for Stealing $134,000 in Monacoin

Local prosecutors in Japan have charged an 18-year old male with cryptocurrency theft. Per a report published in a local news outlet, the Metropolitan Police Department (MPD) of Japan are accusing the young adult of stealing 15 million Yen ($ 134,310) worth of stealing MonaCoin (MONA)—a Litecoin hard fork. According to the report, this is the first time local authorities have charged a hacker for crypto theft in Japan. The young hacker is accused of breaching Monappy, an online wallet service used by crypto investors to store their digital assets last year. The teenager reportedly took advantage of the website’s vulnerability,

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Bitcoin ATM Double-Spenders: Police Need Help Identifying Four Criminals

CBC reports that four Canadian men are wanted in connection with conducting double-spend attacks against Bitcoin ATMs in four cities. A total of 112 transactions are alleged to have taken place in September last year, with half of them taking place in Calgary. The other attacks took place in Winnipeg, Toronto, Montreal, Sherwood Park, Ottawa and Hamilton. The men’s identities are unknown, and Calgary police are asking for help identifying them. Double-Spending on a Bitcoin ATM: A Lucrative Criminal Enterprise Apparently, the Bitcoin ATMs accepted zero-confirmation transactions, and the men exploited this fact to double-spend Bitcoin in exchange for cash.

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Australian Police Arrests Bitcoin Exchange Operator for Running a Drug Ring

The Australian Federal Police arrested a 27-year bitcoin exchange operator for running a drug distribution ring. The investigation dates back to 2017 when the AFP had arrested two Victorian men for importing drugs to Australia. The agency reportedly continued their probe, which led them to reveal an email-based drug trafficking organization operating out of Australian suburbs Bulleen, Templestowe Lower, and Malvern. The AFP raided these premises and seized steroids, money and what it called “cryptocurrency-related items.” Following the arrest, the AFC charged the accused drug trafficker for importing, trafficking and possessing 66 pounds of banned drugs, including MDMA, methamphetamine, cocaine,

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India: Police Halt Bizarre ‘Who Wants to Be a Millionaire’ Crypto Scam

According to local police and the Hindu, a Mumbai resident named Pritam Patil stands accused of scamming 12 people out of around $ 250,000 in a crypto scam. Patil and a partner pestered a local businessman and his partners for months to invest in KBC Coin. As reported by Hard Fork, KBC Coin is named after “Kaun Banega Crorepati,” the Indian version of “Who Wants to be a Millionaire?” featured in “Slumdog Millionaire.” Nanasaheb Patil and 11 associates bought KBC Coin from Patil and his friend Pintu Bajaj.  The AFC Mint coin website was down at time of writing, but we

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Virginia Police Department Reveals Why its Pension Fund is Betting on Bitcoin

Fairfax County, Virginia has targeted part of its pension fund toward investments in the Bitcoin and cryptocurrency industry, as well as blockchain technology in general. Now, they’re explaining why. Fairfax County Retirement Systems Director Jeff Weiler published a post in response to CCN and other media’s reporting on the county’s decision to invest in Morgan Creek’s latest offering, the Blockchain Opportunities Fund. Oversubscribed from its intended $ 25 million, the fund invests in blockchain companies. It captured $ 40 million from two Fairfax County pension plans and other institutions. Less Than 1% Of Two Retirement Funds Allocated to Crypto Ventures First things

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Florida Bitcoin Trader Faces Felony Charges for Selling Crypto to Undercover Police

It’s a case of police entrapment that goes beyond the pale. After a ruling Wednesday by the U.S. Third District Court of appeals, a Florida man will have to face a trial by jury over felony charges in Miami for selling bitcoin to undercover police. Felony Charges for a Victimless Crime? “Espinoza’s bitcoins-for-cash business requires him to register as a payment instrument seller and money transmitter” under Florida financial statutes, the court ruled Wednesday, adding that he was “not merely selling his own personal bitcoins, he was marketing a business.” Now he’ll face serious felony charges for money laundering as

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What’s The Difference Between Trump’s Immigration Compromise And a Communist Police State?

Donald Trump’s big announcement Saturday wouldn’t be the first time the word “compromise” was used as a euphemism for the government. Stealing even more of your money to pay for both big corporate political parties’ wish lists and all their friends and corporate sponsors. The big compromise is: Donald Trump gets to spend five billion

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