On Friday, Bloomberg reported that hackers stole $500 million worth of NEM tokens from Coincheck, one of the biggest cryptocurrency exchanges in Japan. The incident is another proof that cybercriminals are increasingly targeting bitcoin and other cryptocurrencies.
Today, the media company also reported that the U.S. Commodity Futures Trading Commission (CFTC) subpoenaed Crytocurrency exchange Bitfinex and Tether, a company that converts cash into digital currency.
In an emailed statement, the companies said, “We routinely receive legal process from law enforcement agents and regulators conducting investigation. It is our policy not to comment on any such requests.”
Meanwhile, the U.S. Securities and Exchange Commission (SEC) stopped the initial coin offering (ICO) of AriseBank. The Commission alleged that the firm’s ICO is “fraudulent.”
In a statement, Stephanie Avakian, Co-Director of the SEC’s Enforcement Division, said, “We allege that AriseBank and its principals sought to raise hundreds of millions from investors by misrepresenting the company as a first-of-its-kind decentralized bank offering its own cryptocurrency to be used for a broad range of customer products and services. We sought emergency relief to prevent investors from being victimized by what we allege to be an outright scam.”
