US Government Arrests The Owner of BitFunder

According to U.S. Attorney's Office Southern District of New York a founder of BitFunder, a bitcoin-denominated stock exchange was arrested
22 February 2018   1283

Today, the U.S. Justice Department following an investigation that involved the Federal Bureau of Investigation (FBI) and the Securities and Exchange Commission (SEC) unveiled the charges against Jon Montroll.

According to the SEC press release, the commission is pursuing civil charges against Montroll in a separate action, alleging that he operated an unlicensed securities exchange and defrauded investors.

The case goes back to an earlier period in bitcoin's history when websites like BitFunder were more common. BitFunder was shuttered in late 2013 and acted as a service to cryptocurrency exchange WeExchange.

According to the Department of Justice's complaint, BitFunder was the target of a hacking effort that enabled those behind the attack to credit themselves funds. As a result, roughly 6,000 BTC were withdrawn from WeExchange.

According to the agency, it alleges Montroll operated BitFunder as an unregistered online securities exchange and defrauded exchange users by misappropriating their Bitcoin, and also for failing to disclose a cyber attack on BitFunder’s system that resulted in the theft of roughly 6,000 BTC.

Contemporaneous digital evidence, including chat logs and transaction data, revealed that the Balance Statement was a misleading fabrication. Three days into the Exploit, Montroll had participated in an internet relay chat with another person in which he sought help in tracking down "stolen coins." When that did not work, Montroll transferred some of his own bitcoin holdings into WeExchange to conceal the losses. The Exploit, however, continued. By the time of the Balance Statement, WeExchange actually held thousands of bitcoins less than Montroll had asserted through the false Balance Statement.

The Justice Department

According to the statements, Montroll is accused of further misleading SEC staff after being confronted by SEC investigators.

Binance to Donate $1.5M to Fight Coronavirus

Also, the company was trying to purchase 70k masks and give them to the people, but was able to find the only 8k due to huge demand
27 January 2020   65

Cryptocurrency companies have expressed their willingness to help the people of China amid the outbreak of coronavirus 2019-nCoV. So, the Binance exchange will donate 10 million yuan ($ 1.44 million).

Zhao later said that the Binance team has contacted China's largest e-commerce and logistics companies. The exchange ordered about 70,000 medical masks from other countries, but was faced with the fact that all masks were sold out in nearby regions, and so far only 8,000 could be found. The problem of sending them to Wuhan, which became the epicenter of the disease, also remains relevant.