$69M Crypto Scam Busted in Japan

According to law enforcement agencies, about 6,000 people participated in the project called Sener, that turned to be a financial pyramid
15 November 2018   729

Tokyo police have arrested eight people who are suspected of creating a cryptocurrency financial pyramid called Sener. According to the Asahi Shimbun, the organizers raised $ 69 million (7.8 billion yen).

It follows From the police reports that the company is not registered with the Financial Services Agency of Japan. In October, 73 people filed for Sener with a claim for damages amounting to $ 3.3 million (370 million yen). According to law enforcement agencies, about 6,000 people participated in the project. Six suspects have already pleaded guilty, two deny.

Also, according to a police report, Sener has invested in cryptocurrency. The organizers promised from 3% to 20% of profits every month, and if investors bring in new participants, the payout percentage will increase.

The company conducted seminars with the involvement of foreign speakers, which were posted on YouTube.

PwC to Represent Crypto Analysis Tool

Halo aims to provide warranty services to cryptocurrency transactions, in particular, the solution helps to create independent evidence for private-public key pairs
20 June 2019   81

One of the world's largest consulting firms, PricewaterhouseCoopers (PwC), announced the launch of an updated audit solution that supports cryptocurrency assets. This is stated in the press release of the company.

A tool called Halo aims to provide warranty services to cryptocurrency transactions. In particular, the solution helps to create independent evidence for private-public key pairs, which is one of the elements necessary for establishing cryptocurrency ownership rights.

In addition, Halo can collect information about transactions and balances on the blockchain.

As noted in the statement, the decision can be used by companies for which PwC is not an auditor. The initiative should help them try new opportunities and solve problems related to the blockchain and cryptocurrencies.

Currently, PwC can use the updated tool to provide warranty services to customers operating Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, LiteCoin, Ethereum, Ripple (XRP), as well as the ERC-20 OAX token.

PwC has been showing quite a strong interest in the cryptocurrency industry for several years now. So, in 2017, the company began accepting payments in Bitcoins, and last year began to develop new standards for the ecosystem of digital assets and stablecoats.