BITS OF BLOCKS
BLOCKCHAIN, LAW AND REGULATION
Steven Pettigrove, Partner, Piper Alderman
Michael Bacina
Ransomware on the run? Russian digital currency exchange tracked and sanctioned for enabling crime
Over the Counter digital currency exchange, Suex, has the dubious honour of being the first of its kind to be sanctioned by the US...
Freezing order made against Blockchain Global in $10.3M ACX exchange case
After a 2 year waiting game, customers of the ACX exchange have secured an order in the Supreme court of Victoria to freeze assets of...
Cash Remains Preferred Currency For Criminals
There has been endless speculation surrounding the safety and legitimacy of cryptocurrencies in recent years, with particular emphasis on...
Ransom-everywhere: Chainalysis Report Shows Ransomware as Fastest Growing Crypto-related Crime
Chainanalysis recently released a mid-year update on the still small, but growing threat of ransomware. Ransomware continues to be a...
Unnamed employee sprung stealing from liquidated exchange Cryptopia
An unnamed Christchurch man has recently pleaded guilty to stealing over NZ$250,000 worth of digital currency from digital currency...
Ransomware: report now, pay later
After the surge of discussion following the Colonial Pipeline cyber attack it is unsurprising that combatting cybercrime is high on the...
Colonial Pipeline ransomware recovered
The Colonial Pipeline cyberattack was reportedly the largest cyber attack on the American energy system and caused multiple US states to...
Cryptocurrency education still critical
Despite Bitcoin having been created in 2009, and the recent anniversary of the first retail bitcoin transaction, which occurred on May 22...
DCEs call for regulation in the wake of competitors going ghost
Last month we wrote about the intensifying discussions around the social and environmental footprint of digital currencies. But, as the...
Australian Government to support "laissez faire" approach to digital currency regulation
On Thursday, Financial Services Minister Jane Hume, told the Stockbrokers and Financial Advisers Association annual conference that the...
Coinbase slapped with $6.5M fine for misleading customers
The Commodity Futures Trading Commission (CTFC) has fined California based digital asset exchange operator, Coinbase Inc., for "reckless...
Alleged instagram scammer Jay Mazini arrested in New York
Jay Mazini (real name Jegara Igbara), an Instagram "influencer" with almost 1,000,000 followers who posted viral videos of giveaways of...
India indicates no blanket ban on digital assets coming
India's agenda to ban private digital currencies and provide a framework for its own central bank digital currency has caused alarm,...
Roll ransacked by rogue hacker
Social token platform Roll, built to be an "infrastructure for social money" has been the subject of a USD$5.7 million attack. The...
The agony of ACX Exchange customers continues
It's been 12 months since the Australian-based digital currency exchange, ACX dramatically stopped responding to users' withdrawal...
New technology not immune to the same old scams
Australian citizen Stefan Qin, aged just 24, has pleaded guilty in the USA to cheating 100 investors out of USD$90M invested into his...
Crypto crime concentrated in 270 connected wallets
Reading articles on digital currency in the business press, you would be forgiven for thinking that digital currency is just used by...
Where is the dark side of digital currencies?
The link between digital currencies and criminal activity are the most well reported aspect of Bitcoin as the price rises and more people...