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This scammer allegedly stole $7 million from businesses that just wanted to buy Bitcoin

Jul26
by on July 26, 2019 at 12:23 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The US Federal Bureau of Investigation (FBI) has indicted a Pennsylvanian man for allegedly defrauding $7 million from prospective Bitcoin investors through an effectively fake “escrow” service. Authorities say Barry Thompson (48), head of two cryptocurrency “businesses” collectively known as Volantis, fraudulently promised to minimize risk when purchasing large amounts of cryptocurrency. This was based on the notion that Volantis would act as a custodian for both sides of the transaction, but Thompson allegedly never intended to offer any escrow services at all. “Thompson allegedly thought no one would ask where their actual money went when they trusted him to invest in Bitcoin,” said FBI Assistant…

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a couple of laughzillas on a blue diamond background

This scammer allegedly stole $7 million from businesses that just wanted to buy Bitcoin

Jul26
by on July 26, 2019 at 12:23 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The US Federal Bureau of Investigation (FBI) has indicted a Pennsylvanian man for allegedly defrauding $7 million from prospective Bitcoin investors through an effectively fake “escrow” service. Authorities say Barry Thompson (48), head of two cryptocurrency “businesses” collectively known as Volantis, fraudulently promised to minimize risk when purchasing large amounts of cryptocurrency. This was based on the notion that Volantis would act as a custodian for both sides of the transaction, but Thompson allegedly never intended to offer any escrow services at all. “Thompson allegedly thought no one would ask where their actual money went when they trusted him to invest in Bitcoin,” said FBI Assistant…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

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a couple of laughzillas on a blue diamond background

WhatsApp is reportedly building a desktop version that works without your phone

Jul26
by on July 26, 2019 at 11:38 am
Posted In: Apps, Around the Web


In 2015, WhatsApp released a web version that mirrored the conversation from the mobile app. To use it, though, you still needed to have your phone connected to the internet. But that might soon change. Reliable WhatsApp leaker account WABetaInfo tweeted the company might be developing a Universal Windows Platform (UWP) app along with a new multi-platform system that will work even when your phone’s off. And yes, in according to my rumor, UWP + the new multi platform system = you can use WhatsApp UWP on your PC if your phone (Android, iOS or Windows Phone) is off. https://t.co/PgNZTnOxlj…

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Venezuela is buying Bitcoin with airport taxes to smuggle in US dollars, report

Jul26
by on July 26, 2019 at 11:02 am
Posted In: Around the Web, cryptocurrency, Hard Fork


Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies. The newspaper claims to have unearthed a scheme whereby cryptocurrencies are sent to foreign exchanges in Russia, China, Hong Kong, and Hungary. Once received, the funds are converted into US dollars and sent back to Venezuela. For the moment, Jetman Pay is only being used by…

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