The U.S. Securities and Exchange Commission (SEC) on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect for allegedly poaching a staggering $2 billion from retail investors from the United States and abroad. It is believed to be the largest cryptocurrency fraud to be criminally charged.

The inventor of cryptocurrency AriseCoin has been slapped with a five-year federal prison term for leaving investors more than $4 million out of pocket in a fraudulent digital coin scheme, the U.S. Attorney’s Office in the Northern District of Texas bared on Wednesday. 

Japanese cryptocurrency exchange giant Liquid was left nearly $100 million out of pocket after being hit by hackers. It marks the second major theft of cryptocurrencies in recent days following the $600-million heist of Poly Network.

An Akron, Ohio man is facing up to 20 years behind bars after pleading guilty on Wednesday to functioning as a bitcoin “mixer” or “tumbler” to transfer more than $300 million worth of bitcoin in a manner that users, particularly drug traffickers, can mask the source of their cryptocurrency.

A bitcoin seller is facing up to five years in jail for operating a business without securing a license from the financial crimes watchdog, admitting to be responsible for at least $201,399.00 in losses to victims. 

Jennifer Neimann, a woman from Boise, Idaho, has pleaded guilty on Aug. 2 to importing controlled substance bath salts from the Netherlands by buying them using Bitcoin.

Malaysian operatives have seized and destroyed more than 1,000 bitcoin rigs for electricity theft. 6 people were arrested and jailed while also being fined $2,000 for the crime.

A Swedish national wanted by the United States will serve a 15-year prison term after running a cryptocurrency Ponzi scheme, defrauding over 3,500 victims of more than $16 million, the Department of Justice announced on Thursday.

The Bitcoin fortune left behind by Mircea Popescu after his untimely death could be lost forever if no one has access to his digital assets.

South African brothers are now being hunted down after disappearing with close to $3.6 billion worth of bitcoins after the value rose in April. Both are still at large.

The world's largest meat producer reveals how they paid about $11 million to hackers after their operations were severely hampered by a recent hacking.

California man Scott Berkett reportedly hired a hitman, who turned out to be an undercover FBI agent, paying $14,000 in bitcoin and cash to kill a woman he briefly dated. 

As a part of the symbolic gesture of proposing to one’s wife, a man in Indonesia gave his wife 2 Bitcoins worth over $125k.

Despite the recent turmoil facing Bitcoin in the past weeks, the company has opened its Latin American headquarters in Argentina: Bitpay.