OneCoin Crypto Scam Boss Faces Jail Trial after $20 Million Bail Fail

OneCoin Crypto Scam Boss Faces Jail Trial after $20 Million Bail Fail

The CEO of the OneCoin cryptocurrency scam, Konstantin Ignatov, will have to undergo trial while still in custody.The New York Southern District Court’s Judge Edgardo Ramos denied a bond application filed by Ignatov despite the top leader of the cryptocurrency scam having proposed attractive release conditions, as first ported by Finance Feeds. Ignatov is accused…

Europol Nabs Crypto Thieves Behind International $27 Million Heist

Europol Nabs Crypto Thieves Behind International $27 Million Heist

ADVERTISEMENTThe European Union Agency for Law Enforcement Cooperation (Europol) executed six arrests in connection with an investigation into an international $27 million heist that scammed victims into depositing funds at a fake crypto exchange. In a joint effort between Europol, UK’s South West Regional Cyber Crime Unit, and Dutch police, the five men and one…

Billionaire’s Tesla Gamble Cost Him $420 Million in 6 Months

Billionaire’s Tesla Gamble Cost Him $420 Million in 6 Months

By CCN: Elon Musk isn’t the only tech billionaire with a gaping Tesla-shaped dent in his net worth this year. As Tesla’s stock price crashes and burns, Oracle founder Larry Ellison is deep in the red with his massive stake in the company.World’s 7th-Richest Man Bet $1 Billion on Elon MuskA big reason for Ellison’s…

Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order

Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order

TweetShareBy CCN: On May 17, within minutes, the bitcoin price plummeted from around $7,800 to $6,400 in a flash crash, recording an unexpected 18 percent drop.The bitcoin price briefly plunges to $6,400, recovers swiftly (source: coinmarketcap.com)The sudden decline in the bitcoin price led the valuation of the crypto market to plunge from $257 billion to…

Tech-Averse Warren Buffett’s Company Wolfs $900 Million in AMZN Stock

Tech-Averse Warren Buffett’s Company Wolfs $900 Million in AMZN Stock

TweetShareBy CCN: By the end of Wednesday’s trading, Warren Buffett’s company Berkshire Hathaway had a stake in Amazon’s stock worth $904 million, an SEC disclosure reveals.To get a sense of scale for how big Amazon.com is, the $900 million stake in Amazon’s stock only puts Berkshire Hathaway in control of 0.1% of the e-commerce giant’s retail…

RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hack

RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hack

TweetShareBy CCN: It may not have sounded the death knell immediately but the January hacking of New Zealand-based cryptocurrency exchange Cryptopia changed everything forever.Now the crypto exchange which lost NZD$ 23 million (approximately $15 million) in the security breach five months ago has appointed liquidators.Cryptopia Limited appoints Grant Thornton as Liquidators – https://t.co/A35rq1Jls3— Cryptopia Exchange…

Boom! Crypto Hack Victim Wins Bombshell $75 Million Case

Boom! Crypto Hack Victim Wins Bombshell $75 Million Case

TweetShareBy CCN: Crypto investor and entrepreneur Michael Terpin was awarded $75.8 million in California’s Supreme Court in a civil judgment against a man Terpin claims stole cryptocurrency assets from him. But Terpin has only just begun. The entrepreneur is also pursuing damages from AT&T and other members of the 21-year-old defendant’s gang.Crypto Crusader Unmasks Gang…