Japanese Police Arrest Ripple Exchange Operator for Fraud

Japanese Police Arrest Ripple Exchange Operator for Fraud

Tokyo police have arrested the head of a Ripple exchange and trading platform for allegedly swindling an investor amid a wider investigation of a sweeping fraud. According to multiple regional reports, Tokyo police are holding 31-year-old Yuki Takenaka, the operator and manager of Ripple Trade Japan – an exchange enabling trading of Ripple’s virtual currency XRP.

Alleged Bitcoin Launderer BTC-E Admin’s Legal Future Thrown Into Turmoil

A Greek court approved Russia’s extradition request for alleged BTC-e operator and bitcoin launderer Alexander Vinnik, throwing his judicial future into question. As CCN has reported, Vinnik — a 37-year-old Russian national — was arrested in July while vacationing in Greece in connection with alleged financial crimes he committed while operating bitcoin exchange BTC-e.

Jamaican Police Target Human Traffickers Operating with Bitcoin

According to a recent report, police in Jamaica is currently refining a strategy to go after human traffickers using cryptocurrencies in an attempt to hide their transactions, according to the Deputy Superintendent of Police Carl Berry, who stated that these criminals are increasingly turning to cryptocurrencies. Carl Berry, while speaking at a two-day Anti-Money Laundering/ Counter-Terrorism financing conference in New Kingston, told bankers that the illicit proceeds of the human trafficking business were finding their way into the banking system, and asked them to collaborate with law enforcement to track the money.

Hackers Use Amazon’s AWS Computing Resources to Mine Bitcoin

Security intelligence group RedLock has exposed hackers who were using Amazon Web Services (AWS) computing resources to mine bitcoin. In a report from the intelligence company it found that at least two companies were targeted: Aviva and Gemalto, both multinational corporations. RedLock were alerted to the situation after realizing that a number of administration consoles on AWS, Microsoft Azure, and Google Cloud platforms were not password protected.

Feds Miss out on $600 Million Payday in Silk Road Bitcoin Auction

The U.S. Department of Justice recently claimed the proceeds from the sale of 144,336 bitcoins found in Ross Ulbricht’s laptop, gained from Silk Road’s seizure in 2013. Claiming the proceeds took a couple of years, and netted the government little over $48 million. The government’s release reads: “These Bitcoins were ultimately sold by the United States Marshals Service pursuant to Court order for $48,238,116.

SEC Obtains Final Judgment Against GAW Miners CEO Josh Garza for $9 Million Fraud

The U.S. Securities and Exchange Commission (SEC) has obtained a final judgment against GAW Miners CEO and fraudster Homero “Josh” Garza, who orchestrated a Ponzi scheme that stole millions of dollars from GAW customers. As a result of the ruling, Garza will be held liable for disgorged profits of $9,182,000, along with prejudgment interest in the amount of $742,774.

Alleged BTC-E Admin and Bitcoin Launderer Will Be Extradited to U.S.

Alleged bitcoin launderer and BTC-e administrator Alexander Vinnik will be extradited to the United States, a Greek court decided Wednesday morning. Vinnik, a 37-year-old  Russian national, has been indicted by a U.S. grand jury on 21 counts related to financial crimes. Most notably, he is accused of laundering $4 billion in bitcoin, including funds stolen from Mt.

North Korea Did Target South Korean Bitcoin Exchanges: Police

South Korean authorities have confirmed that hackers from North Korea targeted bitcoin exchanges in the country in multiple attempts to steal the cryptocurrency. The Republic of Korea’s National Police Agency (NPA) has published details of its investigation surrounding several claims of cybersecurity incidents involving hackers from North Korea. As covered by CCN in the past, a recent report by cybersecurity firm FireEye pointed to a state-sponsored North Korean campaign to steal bitcoin from South Korean cryptocurrency exchanges.

Indian Tax Authorities See ‘Concerns’ in Bitcoin Trading, Investments

Tax authorities in India have expressed money laundering concerns with investments and trading of cryptocurrencies like bitcoin. As awareness and adoption of bitcoin grow in India, there are concerns among authorities about the potential for abuse by tax evaders and money launderers. According to the Economic Times, Indian tax authorities fear that trading of cryptocurrencies ‘could become conduits for illicit flows and the movement of black money.