FBI Releases Statistics on Bitcoin Fraud
The 2023 IC3 Cryptocurrency Report from the FBI details Bitcoin fraud and how criminals exploit Bitcoin’s decentralized and anonymous nature for illicit activities like fraud, theft, and money laundering. Criminals target victims through investment fraud, confidence schemes, and scams involving cryptocurrency recovery services. Scammers also use sophisticated techniques like SIM swapping, where they hijack a […]
Bitcoin’s 21 Million Cap Can be Hacked
Bitcoin is supposed to have a cap of 21 million tokens, but that cap can be hacked. Value Overflow Incident of 2010: The first incident occurred in 2010 when an unknown hacker was able to generate 184 billion Bitcoins. The incident exposed a bug that would have allowed a remote hacker to bypass the 21 […]
Legal Options for Hacked Gemini Exchange Users
Gemini, one of the largest US based crypto currency exchanges in the United States, requires that Bitcoin users sue it through binding arbitration before National Arbitration and Mediation, or NAM. MDF Law has experience representing cryptocurrency investors in lawsuits against Gemini administered through NAM. NAM stands for National Arbitration and Mediation. NAM is a type […]