Day, however, argues that the hack was simple fraud. According to filings posted by Day and prepared in collaboration with the Canadian law firm Stockwoods, in addition to the Mareva injunction, Indexed developers are filing a class action suit arguing that the exploit was “civil fraud” and are seeking “rescission for misrepresentation or mistake, and/or unjust … [Read more...] about Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada
Arrest
India’s Crypto Bill Proposes ‘Arrest Without Warrant:’ Report
The government is planning a “general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealing” in digital currencies as a “medium of exchange, store of value and a unit of account,” according to the summary of the bill seen by Reuters. Source link … [Read more...] about India’s Crypto Bill Proposes ‘Arrest Without Warrant:’ Report
Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto
Hamilton police in Ontario arrested a teen for allegedly stealing CAD$46 million (US$36 million) worth of cryptocurrency through a SIM swap attack on a victim located in the U.S.This is the biggest cryptocurrency theft reported so far in Canada, the Hamilton police said in a press release on Wednesday. The victim was targeted by a SIM swap attack, in which scammers hijack … [Read more...] about Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto
Taiwan police arrest 14 suspects for scamming over 100 crypto investors
Taiwan’s police administration has reportedly arrested 14 people for running a $5.41-million (150 million New Taiwan dollars) investment scam over the past year, involving more than 100 cryptocurrency investors.CIB investigator Kuo Yu-chih said that the scam was led by a local businessman named Chen, who ran the operation on social media platforms. Chen was also reportedly … [Read more...] about Taiwan police arrest 14 suspects for scamming over 100 crypto investors