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Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds

With well over 200 million users across the globe, few video games have as large a following as Fortnite. The freemium game is so popular that its developer, Epic Games, banked $3 billion in 2018. However, according to a report on the Independent, Epic Games isn’t the only entity getting rich off Fortnite. V-Bucks, the game’s official in-game currency, are increasingly being used as a tool for money laundering on the dark web. Continue reading Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds

Crazy Number of Subpoenas Shows Why Crypto Exchanges are Fleeing the US

A new report released by major crypto exchange ShapeShift revealed that it had received 18 subpoena requests from U.S. authorities in 2018. Despite being based in Switzerland, the U.S. government filed 30 percent of all requests ShapeShift received last year. Continue reading Crazy Number of Subpoenas Shows Why Crypto Exchanges are Fleeing the US

Crypto Scammers are Taking Advantage of Ethereum Hard Fork Concerns

Upcoming forks in Ethereum and Ethereum Classic have given opportunity to scammers. Two alleged “hard fork” versions are trying to steal money from users of both. Ethereum Nowa claims to be forking away from ETH. Ethereum Classic Vision claims to fork away from ETC. These forks are allegedly in response to regularly scheduled network upgrades in both blockchains. Continue reading Crypto Scammers are Taking Advantage of Ethereum Hard Fork Concerns