In today's edition of Bitcoin in Brief we discuss stories about the latest developments in the ongoing Chinese government's crackdown on online encryption forums, an ICO leader who risks up to fifteen years in a US prison for stock fraud and more yet.  Read also: Investor Portal launches Jobs Board for the cryptocurrency industry
Chinese crack continues
The Chinese government has recently started another crackdown of cryptocurrency investors. And the last stage of this effort focuses on the country's three Internet giants, Baidu, Alibaba and Tencent (commonly called BAT). The Baidu search engine, known as Google & # 39; s China, has closed some of its popular cryptographic chat rooms, including "Digital Currency Bar" and "Virtual Currency Bar", only explaining that this was done "in accordance with laws, regulations and relevant political laws. "Alibaba & # 39; s Ant Financial announced that it will restrict or ban Alipay accounts if it would take part in the cryptocurrency operations. Tencent has stated that it will monitor its Wechat network in real time to block crypto trading using the app.
This comes after closing the accounts of Wechat on social media of several local encrypted points of sale, blocking access to 124 foreign markets that are said to be
ICO Head Faces 15 years in prison
Eran Eyal, CEO and founder of Shopin who has raised over $ 42.5 million in an ICO in April, is facing up to fifteen years in prison. The Attorney General of the State of New York accused Eyal of allegedly fraudulent $ 600,000 from investors when he was the CEO of Springleap, Inc., a global crowdsourcing company. The heart of the accusations is about making false representations. To attract investors, he would lie, or very exaggerated, about the company management team, the advisory board, creative professionals and the customer base.
"As we said, this massive securities fraud system has knocked out investors to hundreds of thousands of dollars," said AG Barbara Underwood. "The fraud of New Yorkers through false statements and falsifications about a business will not be tolerated by my office – and we will continue to do what it takes to eradicate and prosecute securities fraud."
Hackers hit Brazilian Atlas
Hackers allegedly stole customer personal data from the investment company Brazilian encryption Atlas Quantum. While no funds have been reported lost, data of 264,000 people have been compromised. The managing director Rodrigo Marques has issued a statement, explaining that: "We believe that an unauthorized party has obtained information on the names of our customers, e-mails, phones and balances.All other data, such as passwords, are encrypted and secure.There was no access to the funds in our custody.We are conducting an investigation, supported by our information security team, in addition to the authorities.The whole database and the information have been sealed when we heard about it We stress that we are constantly monitoring all activities in our environment: some of the platform's features have been temporarily disabled as a precaution to ensure the safety of our customers against fraud attempts. possible. "
He added:" We are aware that this type of accident should be avoided at all costs. or because, on behalf of all Atlas Quantum employees, I reiterate that we will ensure that all security is strengthened and we will continue to work closely with partners and authorities to ensure the integrity of our customers. "
International Soap Opera  Investigators of the Thai police are expected to expand their investigation into an alleged theft of over 5,000 BTC by a Finnish investor who has been deceived with promises of high yields in an ICO Macau casinos: The case made headlines with the arrest of a local soap opera actor, the 27-year-old Jiratpisit "Boom" Jaravijit, for colluding with his sister and brother on the scam. by the police on Monday and denied any involvement.
According to court documents cited by the Thai media, suspects have conspired to commit fraud and initiate the recycling of 5,564.4 BTC sent by twenty-two year old Aarni Otava Saarimaa. would have been invested in a company called Expay Software Co. and Dragon Coin. Instead, the BTC was converted into Thai fiat baht and to 51 bank accounts belonging to seven people, with part of the money used to buy land in Bangkok and surroundings
What do you think of the current news? Share your thoughts in the comments section below.
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