KingSwap a DeFi (decentralized finance) project has announced that it has raised over $20 million in funding and liquidity support. KingSwap expects to go live on Uniswap this Saturday, October 31, 2020. KingSwap says it set a soft cap of 1000 ETH (USD$ 380,000) but… Read More
KingSwap, described as a high-yield liquidity platform offering staking and digital collectibles (NFTs), has announced its advisory board with some high profile names. The KingSwap board includes Michael Terpin, founder, BitAngels and Transform Group; Lionel Iruk, Esq, Managing Partner and General Counsel at Empire Global… Read More
Twitter continues to dig through the rubble following the epic Twitter hack that saw approximately 130 high profile Twitter accounts hijacked with Tweets distributing a Bitcoin trap for the unsuspecting. Thank you for your continued patience and understanding while we investigate this incident. We’ll continue… Read More
SIM Swaps, the nefarious act when criminals surreptitiously take over your mobile phone with a different SIM card, hit crypto lending platform BlockFi earlier this month. BlockFi quickly posted an “incident report” outlining the scam: “From approximately 07:17 UTC to 08:43 UTC on May 14,… Read More
Michael Terpin has sued 18-year old Ellis Pinsky, a high school senior living in the posh New York City suburb of Irvington in Westchester County. Terpin alleges that Pinsky was the perpetrator of a “sophisticated cybercrime spree” that saw over $100 million stolen in cryptocurrency… Read More
The ongoing lawsuit regarding a SIM Swap scam filed by Michael Terpin against AT&T Mobility took another step forward this week. Earlier this year, it was ruled that plaintiff Terpin can proceed with statutory, contract, and tort damages claims against AT&T Mobility for $24 million… Read More
According to a release, Michael Terpin’s lawsuit targeting mobile service provider AT&T will move forward. The case involves a SIM Swap fraud that Terpin believes AT&T could have easily halted. This week, Judge Otis Wright II ruled that plaintiff Michael Terpin can proceed with statutory,… Read More
Two young men from Massachusetts have been charged in an 11-count indictment for crimes relating to the theft of over $550,000 USD in cryptocurrencies from, “at least 10 identified victims.” Eric Meiggs, 21, and Declan Harrington, 20, allegedly executed the thefts via SIM-swap attacks, a… Read More
Michael Terpin, well known within the cryptocurrency industry, was a victim of a serious theft of crypto several years ago as approximately $24 million in crypto was stolen from his accounts via a Sim Swap hack. Terpin went on to file a lawsuit against AT&T… Read More
A plaintiff called Seth Shapiro is suing telco giant AT&T (NYSE:T) for its role in allegedly allowing hackers to access his cellphone on four occasions and enable the theft of $1.8 million USD in cryptocurrencies from his crypto exchange accounts. SIM-swapping is a type of hack… Read More
Coinbase UK has settled a lawsuit with the CEO of Alphabit regarding Coinbase’s alleged handling of Bitcoins worth almost $1 million USD that were allegedly stolen from Alphabit by hackers in July, Law 360 reports. Alphabit is UK-based “crypto-asset investment company” that claims to manage… Read More
The Judge engaged in the SIM Swap lawsuit against AT&T Mobility has denied a request by AT&T to dismiss the case. The case, Terpin v. AT&T Mobility, pertains to a $24 million loss of cryptocurrency that was facilitated by SIM Swap fraud. Terpin is requesting… Read More
Michael Terpin, a prominent cryptocurrency advocate and founder of Marketwire, has won a whopping $75.8 million civil judgment against SIM Swap perp Nicholas Truglia, according to a report in Reuters referencing court documents. In the theft, Terpin was fleeced of approximately $24 million in crypto… Read More
A sergeant from the Silicon Valley-based Regional Enforcement Allied Computer Team (REACT) says 5 hackers, aged 18-26, who collectively stole $50 million USD in cryptocurrencies by taking over victims phones were arrested in 2018, The New York Post reports. Two of the more infamous alleged… Read More
SIM Swap fraud is a pressing problem not only in the crypto world but identity fraud in general. A fairly new scam, the con is hatched when a criminal takes over an individual’s mobile phone by cloning the hardware. Once the perpetrator controls the mobile… Read More
People who lost millions in cryptocurrencies to hackers that hijacked their cellphones are collaborating to educate the public and strike back against Telecom companies they say aren’t doing enough to prevent the hacks, Motherboard reports. Crowdfund Insider has reported on numerous cryptocurrency thefts involving the… Read More
2017 was a landmark year for crowdfunding. The JOBS Act passage coincided with blockchain, opened the door for a record in capital raised through ICOs (initial coin offerings) for early stage companies as well as Wantrepreneurs with an idea and a whitepaper. ICOs were launched… Read More
Michael Terpin, an investor, crypto advisor and founder of Marketwire, has thrown down the gauntlet with AT&T over a massive cryptocurrency threat. In a tweet, Terpin states; “Somebody needed to sue AT&T for fraud and gross negligence in letting criminals SIM swap. I just did.”… Read More
There is a rapid push to standardize and professionalize the initial coin offering (ICO) market. As competition heats up, you no longer can add Blockchain to your name and expect immediate token success. You need to have a reputable team in place and you need… Read More
Organizers of the bitcoin and digital currency investor conference, Coinagenda, announced on Wednesdays the winners of this year’s startup competition. The event included more than 40 contestants, many of which are currently preparing to launch ICOs. Coinagenda is described as a new conference that combines the… Read More
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