On Monday, December 4th the US Securities and Exchange Commission fired the first shots in what many expect to be a period of renewed regulatory enforcement in the crypto space. The SEC’s new Cyber Unit engaged an emergency asset freeze against PlexCorps, the group behind PlexCoin. PlexCoin’s recent…
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Fraud
The Mt. Gox Hack
In 2014, Mt. Gox, one of the largest bitcoin exchanges on the globe and based in Japan, was on top of the world. They handled 70% of all bitcoin transactions globally. However, the end of February brought ruin and bankruptcy to Mt. Gox. Mt. Gox lost almost 740,000 bitcoins…