In the News

Influencers beware: promoting the wrong crypto could mean facing a class-action lawsuit

The story of BitConnect doesn’t include any rapping Forbes bloggers slash money launderers or dubiously-obtained ape JPGs, but this “pyramid-on-Ponzi” case has spawned a court ruling (PDF, embedded below, via @stephendpalley) that should… Read More

Fraudsters are using bots to drain cryptocurrency accounts

Dr. Anders Apgar was out for dinner last month with his family, and his phone would not stop buzzing. It looked like a robocall, so he tried to ignore it. But the calls would not stop. Then his wife’s phone also started to ring.   “When she… Read More

Let’s Go Brandon’ Crypto Coin Turns Into Total Dumpster Fire

The MAGA-themed “Let’s Go Brandon” Ethereum cryptocurrency has fallen on tough times. So much so that the value of all 330 trillion coins totals just a few thousand dollars combined, according to the trading sites CoinMarketCap and Crypto… Read More

Private Funds Are the New Public Funds

Bitfinex If you have $10,000 in your bank account, and thieves hack into your account and drain all of the money, and you go to your bank and establish that that’s what happened, and the hackers get away successfully, what will the bank do? The… Read More

Who will get crypto back after arrests in $3.6-billion bitcoin hack?

Who walks away with the $3.6 billion in bitcoin that the U.S. recovered from the Bitfinex currency exchange hack has become the cryptosphere’s favorite guessing game. David Silver, a lawyer who specializes in financial and cryptocurre… Read More

Feds: Cryptsy Founder Stole More Than a Million Dollars in Users' Cryptocurrency

Roughly six years after the founder of the now-defunct Bitcoin exchange company Cryptsy denied accusations that he had stolen millions of dollars in cryptocurrency that suddenly vanished from users’ wallets, an unsealed federal indictment h… Read More

DOJ Indicts Cryptsy Exchange Founder for Stealing $1M in Crypto

he U.S. Department of Justice (DoJ) has indicted Project Investors Inc. (also known as Cryptsy) CEO and founder Paul Vernon for stealing $1 million from wallets that the now-defunct crypto exchange controlled, the agency announced Wednesday.… Read More

The Struggle to Pass a Crypto ETF Continues Amid Coinbase Issues

Regulators have been reluctant to approve a cryptocurrency ETF, citing a myriad of issues such as volatility and security inconsistencies, but such fears have been underscored by recent news concerning Coinbase. Four months ago, Tanja Vidovic receiv… Read More

SEC Sues Cryptocurrency Promoters Over Deal That Raised $2 Billion

WASHINGTON—Regulators sued a group of cryptocurrency promoters who helped raise over $2 billion from investors with the promise of 40% monthly returns, in one of the largest cases ever brought over digital assets. The Securities and Exchange Co… Read More

Cryptocurrency accounts wiped out 'in an instant' by cyber crooks

SAFETY HARBOR, Fla. — Cryptocurrency has become a red-hot investment, generating huge returns for people who bought in at the right time. Bitcoin, Dogecoin and Ethereum are among the most popular currencies, with each Bitcoin valued at nearly $50,… Read More