Rawtx Lightning Network Mobile Wallet Released

Developers used the LND open source protocol from Lightning Labs, which was adapted for mobile devices and equipped with a user interface
14 June 2018   549

Rawtx lightning network wallet for iOs is now available at iTunes. Developers used the LND open source protocol from Lightning Labs, which was adapted for mobile devices and equipped with a user interface. The rawtx application also has open source software.

These are the features of the app:

  • sending and receiving lightning-payments in the test network
  • two accounts support (Lightning network account and account for savings in the main Bitcoin network)
  • opening / closing payment channels
  • generation of QR code and invoices
  • provision of Lightning Network network statistics and maintenance of technical data for network hosts

The developers are planning to update their wallet for operations in the main Lightning network, add a diagnostic system and integrate the lightcoin support.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   290

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.