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After releasing a letter-of-intent to ‘acquire’ 24,800 bitcoins, penny stock Nilam Resources saw the price of its shares rocket and its market cap tap nearly half a billion dollars before collapsing to almost zero once the former CEO and president (who also worked as an SEC compliance consultant) called the company a “classic pump and dump.” However, the story doesn’t end there, and as of April 15, Nilam Resources has rebranded, started a private token sale, and deleted any trace of its old website. Unfortunately, this probably won’t be enough to stave off actions from regulators or law enforcement. Scoop: Nilam Resources CEO resigns day after 24,800-bitcoin announcement Read more: Nilam Resources stole logo from skateboard brand Powell Peralta Goodbye Nilam Resources, hello Mindwave DAO Nilam Resources, still available to trade on OTC Markets and still with the ‘caveat emptor’ designation from the trading platform, has dramatically altered...

Authorities in Ukraine have busted a 29-year-old individual on the grounds of compromising cloud accounts to illegally mine cryptocurrencies.  The arrest conducted on January 9 in Mykolaiv was a collaboration between Europol and an unidentified cloud service provider who apprehended the individual in what was described as a ‘sophisticated crypto jacking scheme,’ Europol said in a press statement on January 12.  According to Europol, the suspect is believed to have mined over $2 million (€1.8 million) in cryptocurrencies through the compromised accounts.  On the other hand, Ukrainian cyber police, who also participated in the operation, noted that the individual employed automated tools to forcefully breach the passwords of 1,500 accounts belonging to a subsidiary of an e-commerce entity that was not named. Cryptocurrency We asked ChatGPT what will be ETH price if Ethereum ETF is approved Cryptocurrency 3 cryptocurrencies ...