Pennsylvania Man Charged With SIM Swap Conspiracy to Steal Crypto

United States authorities have charged a Pennsylvania man with conspiracy to commit wire fraud and extortion via a series of SIM swaps targeting cryptocurrency execs and investors. SIM-swapping — alternatively known as a port-out scam — involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms use automated messages or phone calls to handle customer authentication. As per a Dec. 11 news release from the U.S. Department of Justice, Anthony Francis Faulk, 23, allegedly used…

Alleged Bitcoin Ponzi Scheme Assets Frozen as US Judge Grants Injunction

A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million.  In a filing with the United States District Court in Nevada dated Dec. 6, Judge Jennifer A. Dorsey ruled in favor of the Commodity Futures Trading Commission (CFTC) and against Circle Society, along with its operator, David Saffron.  CFTC wins injunction against CIrcle Society “…I find that this is a proper case for granting a preliminary injunction and other equitable relief to preserve the status quo,…

Myths and Realities: Sentiment Analysis for Crypto Assets

From an informational standpoint, the crypto market is noisy and full of unexpected events. In terms of sentiment analysis, that combination of factors is a nightmare. Instead of narrowly focusing on sentiment analysis, we should probably develop a more holistic approach. A sentiment-market impact indicator would be a combination of polarity (negative, positive, neutral), emotion (anxious, excited, sad…) and aspect-based (topics, entities…) analysis over long periods of time. This approach would require the training of models specialized in the dynamics of crypto assets to evaluate the sentiment in the context…

VeChain Foundation Hacked for $6.5M in VET Token Theft

The Singapore-based VeChain Foundation’s buyback wallet was compromised by a hacker at 12:27 UTC on Friday, VeChain wrote, with the funds being withdrawn to a private address. The firm says it has tagged and tracked the funds and is working with cybersecurity firm Hacken to isolate the tokens’ flow to various exchanges. Author: William Foxley Source link

Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws

“The amount and type of extra personal information we would be required to collect from our users would alter the current user experience so radically, and so negatively, that we are not willing to force this onto our community,” the company said in a statement, adding the team never charged for this service, added routing fees or sold anything to users. Author: Leigh Cuen Source link