cryptocurrency and crime
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13 Brutal Stories From People Swindled By Elon Musk Impersonation Scams
The internet is filled with scam artists who try to swindle unsuspecting people out of their money. But impersonation scams that use Elon Musk and his bevy of tech companies—including Tesla, SpaceX, Neuralink, and X—have exploded in popularity in recent years. And Gizmodo obtained reports about many of these scams filed with the federal government…
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‘Bitcoin Bonnie and Clyde’ Plead Guilty to Billion Dollar Crypto Laundering Scheme
On Thursday, Heather Morgan, a.k.a. Razzlekhan, and her husband pleaded guilty to orchestrating a massive money laundering scheme. Morgan and Ilya Lichtenstein became known as the modern-day “Bitcoin Bonnie and Clyde” after they were linked to the 2016 theft of $US4.5 billion in crypto from the Hong Kong-based exchange Bitfinex. The FBI cornered and arrested the…
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EU Regulator Wants to Ban Proof of Work Crypto Mining to Avoid Climate Disaster
One of the European Union’s top regulators has a new proposal for reducing cryptocurrency’s carbon footprint: ban proof of work mining. The proposed prohibition, suggested by European Securities and Markets Authority Vice Chair Erik Thedéen during a Financial Times interview, would apply to EU nations and would come in tandem with a pivot to a less…