WazirX To Restore Wallets Amid Fraud Claims
WazirX plans to resume trading and withdrawals shortly while addressing user concerns. On Thursday, WazirX, a troubled cryptocurrency exchange, announced its decision to restore wallet balances and nullify any conducted trades. The decision to take this action came after customers expressed dissatisfaction with the previous plans of the cryptocurrency exchange based in India, and following […]
Eisenberg Seeks Court Acquittal in Mango Markets Fraud Conviction Case
Avraham “Avi” Eisenberg has submitted a motion for judgment of acquittal in the case against him for offenses associated with the Mango Markets exploit. Eisenberg’s memorandum of law challenges the validity of the jury’s verdicts and requests that the court annul the verdict and grant him his freedom. Requesting a new trial if the previous […]
Hacker Sentenced to 3.5 Years for $900K Coinbase Scam: Report
UK hacker faces prison for his Coinbase dummy website scam, an El Paso man’s crypto “Ponzi” fueled his lavish lifestyle, and Washington DFI flags the latest crypto fraud. A computer hacker from the United Kingdom has been sentenced to three and a half years in prison for his involvement in the scheme, which involved the compromise […]
Alchemy Pay, Mastercard Partner to Combat Fraud
Global payments giant Mastercard has partnered with blockchain company Alchemy Pay to reduce fraudulent activity and fight identity theft. Alchemy Pay, a payment gateway that converts fiat currency to cryptocurrency, has partnered with Mastercard to improve customer verification and avoid fraud throughout the application process. The Singapore-based cryptocurrency company stated in a blog post on […]
HKMA Warns Public of Unregulated ‘Kucoin’ Exchange
Hong Kong has warned against “Kucoin,” an unregulated cryptocurrency exchange that demands money to unlock restricted accounts. The public has been made aware of purported fraudulent activities by a cryptocurrency exchange that is posing as HKMA-regulated, according to a notice released by the HKMA. The HKMA identified the digital currency platform “Kucoin” as falsely claiming […]