[ad_1] <br><div data-url="https://protos.com/tech-ceo-accused-of-stealing-400-btc-via-fake-ethereum-rival/" data-title="Tech CEO accused of stealing 400 BTC via fake Ethereum rival" data-hashtags=""> <p>A Northern Eire-based tech CEO has been charged with operating a large-scale crypto rip-off that stole 397 bitcoin (as we speak value practically $6.5 million) from victims and has been referred to as “the primary case of its variety” within the nation.</p> <p>Along with stealing the bitcoins, 43-year-old Jawad Yaqub can also be dealing with costs of fraudulent buying and selling, fraud by false illustration, theft, and changing prison property all by way of his County Down-based agency Razormind.</p> <p>It’s additionally alleged that he tried to extend his credibility within the eyes of victims by giving himself a pretend masters diploma and PhD from Queen’s College, Belfast.</p> <p>Razormind was an data expertise companies firm targeted on integrating blockchain expertise into the office. In June 2016, Cointelegraph <a target="_blank" href="https://cointelegraph.com/news/uk-based-razormind-emerges-as-blockchain-rival-to-ethereum-microsoft-ibm-and-eris" rel="noreferrer noopener">reported</a> that the agency was a “<strong>blockchain rival to Ethereum</strong>” with over 260 workers, international places of work, and shoppers akin to HSBC, Santander, the Financial institution of America, and the Commonwealth Financial institution of Australia.</p> <p>It was additionally <a target="_blank" href="https://cointelegraph.com/news/razormind-to-set-up-blockchain-banks-in-europe-invest-in-bitcoin-atms" rel="noreferrer noopener">claimed</a> in September 2016 that Razormind would set up two blockchain banks in Europe. Nonetheless, this by no means occurred and the corporate has since dissolved.</p> <p><em>Learn extra: <a target="_blank" href="https://protos.com/bitcoin-scammer-posed-as-mcdonalds-owner-to-steal-1-5m__trashed/" rel="noreferrer noopener">Bitcoin scammer posed as McDonald’s owner to steal $1.5M</a></em></p> <p>In keeping with his authorized workforce, Yaqub is at the moment struggling to get by whereas his crypto accounts are frozen and is “residing off the goodwill of others.” A <strong>preliminary inquiry can be held on December 15</strong> earlier than the case proceeds to the crown courtroom. </p> <p><em>For extra knowledgeable information, observe us on </em><a target="_blank" href="https://twitter.com/protos" rel="noreferrer noopener"><em>Twitter</em></a><em> and </em><a target="_blank" href="https://news.google.com/publications/CAAqBwgKMLmroQsw0bW5Aw" rel="noreferrer noopener"><em>Google News</em></a><em> or hearken to our investigative podcast </em><a target="_blank" href="https://protos.com/podcasts/innovated/" rel="noreferrer noopener"><em>Innovated: Blockchain City</em></a><em>.</em></p> </div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiUGh0dHBzOi8vcHJvdG9zLmNvbS90ZWNoLWNlby1hY2N1c2VkLW9mLXN0ZWFsaW5nLTQwMC1idGMtdmlhLWZha2UtZXRoZXJldW0tcml2YWwv0gEA?oc=5">Source link </a>
Tech CEO accused of stealing 400 BTC via fake Ethereum rival
[ad_1] A Northern Eire-based tech CEO has been charged with operating a large-scale crypto rip-off that stole 397 bitcoin (as we speak value practically $6.5 million) from victims and has been referred to as “the primary case of its variety” within the nation. Along with stealing the bitcoins, 43-year-old Jawad Yaqub can also be dealing with costs of fraudulent buying and selling, fraud by false illustration, theft, and changing prison property all by way of his County Down-based agency Razormind. It’s additionally alleged that he tried to extend his credibility within the eyes of victims by g
