Roger Ver and Bitcoin.com under a threat of a lawsuit

More than 600 users have gathered to file a lawsuit against Roger Ver and his Bitcoin.com for fraud
27 April 2018   1510

The usual simmering scandal around Roger Ver's Bitcoin.com portal just got a lot more complicated. Now more than six hundred people have already gathered under the flag of a lawsuit against Ver's questionable actions.

First of all, Bitcoin.com, strangely enough, is owned by a Bitcoin Cash activist Roger Ver. And the whole layout and content of the site is, it seems, aimed at misleading people new to the crypto world, that Bitcoin Cash is, in fact “real Bitcoin” - from the placement of Bitcoin Cash above Bitcoin, to the non-existent monikers or color differentioation of BCH and BTC respectfully on the “Buy Bitcoin” page. But the most glaring insult to the community is that on the aforementioned page of Ver's site BTC somehow became “Bitcoin Core”, which is, in fact, just the name of the client app, not the currency itself. And Bitcoin.com is the only site to refer to BTC like that.

Oh, and let's not forget the most recent development – now the site presents BCH as Bitcoin. Throughout the site this change is the most prominent in the block explorer, which now has options of Bitcoin (BCH) and Bitcoin Core (BTC).

All of the above amounts to a serious case of fraud in the eyes of the community. So affected users have gathered in a Telegram group chat and are now planning to file a lawsuit against Bitcoin.com and Roger Ver. Already over 600 people have joined the group, including some notable personalities, such as Charlie Shrem, Richard Heart and Ibrea.org founder Ragnar Lifthrasir, who's long talked about reporting Bitcoin.com's wallet for being a fraud.

Right now the group doesn't disclose what legal steps will be made, just that the talks are on with the lawyers from Caribbean island of St. Kitts, where Bitcoin.com company is registered. The exact steps to be taken are purposefully omitted from the public discussion, because several people directly tied to the site in question have been banned from the chatroom.

Also, a website bitcoincomlawsuit.info was launched today so that all the people who've lost money due to the scheme can join in the lawsuit.

Dutch Authorities to Shut Down Bestmixer

The service is accused of launder over $200M worth crypto with coin "mixing" - spliting the amount and mixing it with other coins from different sources
23 May 2019   267

The Bitcoin mixing service Bestmixer was forced to cease operations after a nearly one-year investigation of money laundering charges. It is reported by Bleeping Computer.

Like other similar services, Bestmixer.io split the amount in bitcoins into smaller transactions and mixed them with transactions from other sources in order to hide their origin, and then transfers the entire amount minus the commission to the final address.

It also offered similar services with Litecoin and Bitcoin Cash.

The investigation believes that service customers could launder money through cryptocurrency.

Bestmixer offered a very clear page on why someone should mix their cryptocurrency. On this page Bestmixer described the current anti-money laundering policies and how its service could help evade these policies by making funds anonymous and untraceable. Offering such a service is considered illegal in many countries.
 

John Fokker

Head of Cyber Investigations, McAfee

Bestmixer was opened in May 2018. For the year of its existence, its turnover amounted to about 27,000 BTC (approximately $ 200 million). Fiscal Information and Investigation Service claims that a significant part of the funds passed through the mixer was obtained as a result of conducting illegal activities or was used to finance criminal gangs.

Policemen confiscated a domain and six servers in Luxembourg and the Netherlands. In addition, they got access to all transactions carried out using the service, cryptocurrency and IP-addresses, as well as messages from the chat. This information is currently transmitted to Europol.