1 / 1 Relevant items tagged with #Estonia

Posts

Hashflare Operators Plead Guilty in Massive Fraud Case

[Feb 16 5:30 AM] Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, pleaded guilty to operating a $577 million cryptocurrency Ponzi scheme through their fraudulent mining service, Hashflare. The scheme, running from 2015 to 2019, deceived hundreds of…

Estonia shows AI-powered decentralized networks could transform US policy

[Sep 29, 2024 10:56 PM] Estonia is serving as an example of how smaller nations can use technology to punch above their weight and enhance their economic and political standing.

Estonian court nixes extradition of accused crypto scammers to US

[Nov 29, 2023 2:20 PM] Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.

Founder of Estonia's LHV Bank Lost Access to $472M of Ether

[Nov 8, 2023 10:40 AM] "It's no secret that I have a wallet with 250,000 Ethereum units," Lõhmus said in an interview with Estonian national radio channel Vikerraadio in late October.

LHV Bank founder has $470M worth of Ethereum, but lost his private key

[Nov 7, 2023 12:00 AM] Rain Lõhmus, the founder of LHV Bank told Estonian media last month he’s not made much effort to recover the funds, but is willing to pay someone who can.

Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages

[Oct 9, 2023 10:30 PM] Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for…

Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data

[Sep 26, 2023 5:09 AM] A crypto exchange claiming $1.7 billion in daily trades and reporting $1.4 billion of daily trading volume on CoinMarketCap had reportedly displayed false license data until Estonian regulators checked it.

CoinsPaid claims North Korean hacking group used fake job interview to steal $37M

[Aug 7, 2023 9:57 AM] Hackers attempted to infiltrate CoinsPaid infrastructure directly starting in March 2023, but switched their approach to targeting individuals through fake high-salary job offers.

Crypto payment gateway CoinsPaid suspects Lazarus Group in $37M hack

[Jul 26, 2023 7:40 PM] CoinsPaid said it is now working with Estonian law enforcement and several blockchain security firms are assisting to minimize the impact of the July 22 exploit.

Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

[May 11, 2023 5:30 AM] The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses…

Estonia squeezes out 400 crypto firms after new laws

[May 8, 2023 10:47 PM] Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans.

Estonia’s Registered Crypto Firms Drop 80% as Tough New Checks Reveal 'Suspicious' Behavior

[May 8, 2023 7:30 AM] Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line.

Belgian crypto platform Bit4You suspends operations after CoinLoan halts activity

[Apr 27, 2023 10:56 AM] Bit4You suspended operations on April 26 amid CoinLoan insolvency investigation by Estonian regulators.

Belgian Crypto Lender Bit4You Suspends Activities After Service Provider Declared Insolvent

[Apr 27, 2023 10:25 AM] Bit4You learnt of CoinLoan's insolvency on April 24 and that it no longer has the necessary registration as a digital asset custodian.

Paxful co-founders’ litigation cites misappropriation of funds, money laundering, U.S. sanctions evasion

[Apr 6, 2023 3:15 PM] A bitter dispute between Paxful's co-founders in Delaware courts may have led to the crypto marketplace's sudden closure.

Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme

[Nov 23, 2022 6:30 AM] Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their…