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CabbageTech owner charged with running $200K cryptocurrency and cash swindle

Mar27
by on March 27, 2019 at 11:40 am
Posted In: Around the Web, cryptocurrency, Hard Fork


The operator of New York-based company CabaggeTech has been accused of defrauding investors out of more than $200,000 in cash and cryptocurrency, according to a nine-count indictment unsealed in federal court in New York, on Tuesday. Patrick McDonnell, also known as Jason Flack, is thought to have defrauded at least 10 victims of approximately $194,000, 4.41 Bitcoin ($17,706.11), 206 Litecoin ($12,520), 620 Ethereum Classic ($2,976), and 1,342,634 Verge ($10.079). McDonnell asked for investments on social media platforms such as Facebook and Twitter but allegedly stole the funds for personal use. “As alleged, the defendant defrauded investors by making false promises and sending them fraudulent…

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North Korean dissidents raise $14K with 100th ‘post-liberation visa’ on Ethereum blockchain

Mar27
by on March 27, 2019 at 11:32 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


North Korean crypto-revolutionary crew Civil Cheollioma Defense (CCD) has issued its 100th “post-liberation blockchain visa” via the Ethereum blockchain. The group says it has been selling its tokenized visas (G-Visas) since Monday morning, after it claimed it necessary to delay sale for roughly 12 hours due to high demand. CCD states the G-Visas allow holders to enter North Korea “upon liberation,” when it will be transformed into a new nation called “Free Joseon,” an homage to the Joseon kingdom ultimately replaced by the Korean empire in the late 19th century. At pixel time, 106 G-Visas exist on Ethereum‘s blockchain in the…

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FBI seizes $4.5M in cryptocurrency in dark web drug bust

Mar27
by on March 27, 2019 at 9:57 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Yesterday, the Federal Bureau of Investigation (FBI) announced the results of its latest dark web investigation which saw over $4 million worth of cryptocurrency seized from criminals. Led by members of the Joint Criminal Opioid and Darknet Enforcement (J-CODE) team, Operation SaboTor resulted in 61 arrests and the shutdown of 50 dark web accounts associated with online criminal activity. The operation also confiscated nearly 300 kilos of drugs, 51 firearms, and more than $4.5 million worth of cryptocurrency, $2.48 million in cash, and $40,000 worth of gold. What cryptocurrencies were seized has not been disclosed. Operation SaboTor ran from January…

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