Theft

36-Year Old British Man Behind Bars After Stealing €10 Million IOTA Crypto
Jan 26, 2019 at 16:27
News
36-Year Old British Man Behind Bars After Stealing €10 Million IOTA Crypto
The United Kingdom (UK’s) South East Regional Organized Crime Unit (SEROCU), Europol, Hessen State Police of Germany and the UK’s National Crime Agency (NCA), tactically-technically arrested a 36-year old British man suspected of fraud, money laundering and theft crimes.
Bulgarian Local Police Arrested 3 Men in $5M Crypto CyberTheft
Nov 29, 2018 at 09:22
News
Bulgarian Local Police Arrested 3 Men in $5M Crypto CyberTheft
The Bulgarian Prosecutor's Office issued a statement on November 26, 2018, disclosing that the local police detained 3 men suspected of crypto theft.
Hacked & Scammed: Sailing Digital Currency’s 'Wild West', Unreported Theft Cases
Oct 19, 2018 at 14:14
News
Hacked & Scammed: Sailing Digital Currency’s 'Wild West', Unreported Theft Cases
After Peggy and Marco Lachmann-Anke realised in January 2018 that deadly hackers had cracked a very strong 40-character password and emptied their crypto wallet, they didn't run to the police or inform the tokens' issuer, IOTA, a Berlin-based tech group. They just purchased more coins.
$87 Million Hack is Under Investigation by Police
Aug 24, 2018 at 10:18
News
$87 Million Hack is Under Investigation by Police
Criminals have recently been very cautious in conducting their illegal activity, as the number of cases solved by police has increased. For example, officials have caught three suspects of a large cryptocurrency theft in China. They stole almost 600 million Yuan ($87 mln) in virtual coins.
600 Computers Seized By Chinese Police in Tianjin Over Bitcoin Mining
Apr 25, 2018 at 16:53
News
600 Computers Seized By Chinese Police in Tianjin Over Bitcoin Mining
Police in north China’s Tianjin municipality have expropriated 600 Bitcoin mining computers after a local power grid reported faulty electricity consumption. The Local Police on Tuesday said that eight high-power fans were captured and that it was the biggest power theft case in recent years. Five people are currently under investigation and one has been placed in custody in the Tianjin case.
Decentralized Wallet and Identity Platform Safein has Announced Pre-Token Generation Event, Starting 3rd of April 2018
Mar 29, 2018 at 09:15
News
Decentralized Wallet and Identity Platform Safein has Announced Pre-Token Generation Event, Starting 3rd of April 2018
Identity theft is a prevailing issue in the digital world of today with millions of IDs compromised around the world on a regular basis. Hackers use identity theft for a variety of illegal purposes, the most pressing of which is the misuse of money. Blockchain Technology has long been seen as a viable proponent of an eventual decentralized identity platform that can help overcome these challenges faced by companies, individuals and governments around the world.
Trustee for Mt. Gox Bankruptcy Sells $400 Million Bitcoin to Reimburse Creditors
Mar 08, 2018 at 10:24
News
Trustee for Mt. Gox Bankruptcy Sells $400 Million Bitcoin to Reimburse Creditors
In a new development regarding the high-profile Mt. Gox Bitcoin theft, Tokyo lawyer and trustee for the failed Bitcoin exchange, Nobuaki Kobayashi, has sold over $400 million dollars of Bitcoin and Bitcoin Cash since 2017 to appease the creditors who lost it all.
Decentralisation Against Hackers: How the Blockchain will Help Fight Theft of Confidential Information
Feb 24, 2018 at 16:42
News
Decentralisation Against Hackers: How the Blockchain will Help Fight Theft of Confidential Information
The blockchain is often seen as a technology that is capable of liberating many sectors from middlemen, decreasing the operating costs and improving transparency and security in the relations between the market participants. But would the technology of decentralised ledger help to overcome one of the greatest challenges of the modern world, the secure storage of personal data?
Proper Identity Management Systems Extend Beyond The Blockchain
Nov 02, 2017 at 10:30
News
Proper Identity Management Systems Extend Beyond The Blockchain
Improper management of identity is a fundamental reason for a lot of problems encountered in the finetech and identity management industry as a whole. This includes but is not limited to issues such as corruption, fraud, theft and several forms of graft. This weakness is exploited by taking advantage of other reasons such as system inefficiencies and deliberate dishonest human interference for personal or organisational gains.
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