Posts Tagged ‘illegal’

Tesla Hackers Hijacked Amazon Cloud Account to Mine Cryptocurrency

An unidentified hacker or hackers broke into a Tesla-owned Amazon cloud account and used it to “mine” cryptocurrency, security researchers from RedLock said. The breach also exposed proprietary data for the electric carmaker. The incident is the latest in a string of so-called cryptojacking attacks, which involve thieves hijacking unsuspecting victims’ computers to generate virtual currencies […]

Bitcoin Thieves Threaten Real Violence for Virtual Currencies

The rich have always feared robbery and extortion. Now, big holders of Bitcoin and its brethren have become alluring marks for criminals, especially since the prices of virtual currencies entered the stratosphere last year. Virtual currencies can be easily transferred to an anonymous address set up by a criminal. While banks can stop or reverse […]

South Korea vows firm action against illegal, unfair cryptocurrency trading

South Korea said it will take firm action against illegal and unfair acts in cryptocurrency trading after a 280,000 signature petition was sent to the presidential Blue House. «The government’s basic rule is to prevent any illegal acts or uncertainties regarding cryptocurrency trade, while eagerly nurturing blockchain technology,» Hong Nam-ki, minister of the office for […]

Japan Cracks Down on Foreign ICO Agency Operating Without License

Japan’s Financial Service Agency (FSA) will issue a warning to an unregistered ICO agency, which has been conducting business in Japan without a license. The warning will be issued to Blockchain Laboratory, based in Macau. The FSA has repeatedly advised the company to halt its business activities in Japan, without success. According to the officials of the […]

Report: Hackers Divert up to 10% of ICO Funds

Participating in ICOs still offers unprecedented opportunities to buy into the technology of tomorrow, yet understanding safety is important. But according to Hartej Sawhney of, up to 10% of funds from the entire ICO sector ended up stolen. Naturally, some projects are affected much worse than others. With a global ICO sector reaching $4 […]

Bitcoin Price Dives Below $9,700 as India Hints at Hard Line on Crypto Usage

Arun Jaitley, India’s finance minister, criticized cryptocurrencies during a speech before the country’s parliament. Jaitley, who was ostensibly presenting the Union Budget, took time to state that the government does not consider cryptocurrencies to be legal tender and that regulators will take “all measures” to eliminate their use in criminal activities. The finance minister did […]

South Korea says no plans to ban cryptocurrency exchanges, uncovers $600 million illegal trades

South Korea’s finance minister Kim Dong-yeon said the government has no plans to shut down cryptocurrency trading. “There is no intention to ban or suppress cryptocurrency (market),” Kim said, adding the government’s immediate task is to regulate exchanges. The country’s customs earlier on Wednesday announced it had uncovered illegal cryptocurrency foreign exchange trading worth nearly […]