Crime

$25,000 in Bitcoin Seized from Alleged Software Scam Operator
Roughly $26,000 in bitcoins and litecoins have been seized as part of an investigation into an alleged software scam.

Hong Kong's MyCoin Disappears With Up To $387 Million, Reports Claim
Hong Kong bitcoin exchange MyCoin has shut its doors, taking with it as much as HK$3bn ($386.9m) in investor funds, reports say.

Students Build Database to Fight Bitcoin Fraud
A team of students and staff from an Irish University is building a bitcoin 'credit check' database to make the digital currency more transparent.

Ross Ulbricht Found Guilty of Operating Silk Road Dark Market
A jury in New York ruled Silk Road creator Ross Ulbricht guilty on all charges including money laundering, drug trafficking and computer hacking.

Research: Over $11 Million Lost in Bitcoin Scams Since 2011
At least $11m has gone to fraudsters running bitcoin scams in the last four years, university researchers have found.

LocalBitcoins User Funds Stolen After Chat Client Hack
P2P marketplace LocalBitcoins has experienced a hack on its chat client, resulting in the distribution of malware and loss of customer funds.

Manhattan DA: We’re Watching Regulated Exchanges With ‘Immense Interest’
Manhattan district attorney Cyrus R Vance Jr has issued new remarks regarding his agency's interests in the bitcoin exchange space.

Over 70 Bitcoin Scams Shut Down By New York Law Enforcement
The New York County District Attorney's Office has shut down more than 70 allegedly fraudulent bitcoin investment sites.

Bitcoin Ransomware Now Spreading via Spam Campaigns
Security firms McAfee and Symantec have issued warnings on CTB-Locker – bitcoin-demanding ransomware that is now being propagated via spam.


