CrimeAlex Rathod

Quadriga Mystery Deepens Further As Criminal Past of Founder Emerges
Crime
Quadriga: Mystery Deepens Further As Criminal Past of Founder Emerges
The case of QuadrigaCX, the crypto exchange which has apparently misplaced between $140 and $190 million of its users’ funds deepens as it emerges the surviving founder of the company has a criminal past with multiple felonies and jail time served. The mysterious QuadrigaCX scandal, in which Canadian now-defunct exchange Quadriga lost up to $190 million of its users investments, took a fresh turn of controversy – or perhaps had…
The Judge has Granted QuadrigaCX a 45-day Extension to Find the Missing $140,000,000
Crime
The Judge has Granted QuadrigaCX a 45-day Extension to Find the Missing $140,000,000
Representatives of QuadrgaCX, the now-defunct Canadian crypto exchange which is engaged in a legal battle to gain bankruptcy protection have been granted a 45-day extension to the deadline which was set for them to find the $140 million in crypto, which they say is on cold storage wallets which have gone missing. The case has garnered significant attention in the crypto world due to the extraordinary and sensational circumstances surrounding…
Money Laundering Far More Common Among Banks Than Cryptocurrency Platforms, Banks Launder $2 Trillion A Year
Crime
Money Laundering Far More Common Among Banks Than Cryptocurrency Platforms, Banks Launder $2 Trillion A Year
Cryptocurrency skeptics oftentimes refer to virtual currencies as ”only used by criminals to launder money.” Although such statements are severely misguided, this misconception is nonetheless quite common. Bloomberg says money laundering activities register $2 trillion a year Now, however, a recent report from Bloomberg now makes it plain for anyone to see that traditional banks are involved in money laundering far more often than cryptocurrencies. In fact, Bloomberg notes that…
Criminals are Using Fortnite to Launder Funds
Crime
Criminals are Using Fortnite to Launder Funds
There are few video games around the world that can boast the following that Fortnite offers. The game now has over 200 million users and counting. Fortnite, which falls into the “freemium” category of gaming, brought in over $3 billion for its developer, Epic Games, in 2018 alone. However, there are reports that the creators of the games aren’t the only ones getting rich. Many users are increasingly using V-Bucks,…