Share story
Products

Nevada jury convicts crypto-mining promoter in $24 million fraud case

Bitcoin theft Image: Primary
A Nevada court found Las Vegas businessman Brent Kovar guilty of 11 wire-fraud counts, two mail-fraud counts and two money-laundering counts over a scheme that defrauded more than $24 million from hundreds of investors. According to the U.S. Attorney's Office, Kovar presented Profit Connect as a cryptocurrency-mining operation using an AI supercomputer and promised returns of 15% to 30% annually with a money-back guarantee. The source says the purported profits came from newer investors and the business had no cryptocurrency holdings.
Sources
Tom's Hardware
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Tom's Hardware and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Security
Security

Pays accounts used "123456" during Danish civil registry breach

At least three accounts at Danish IT company Pays used the password "123456" when hackers accessed Denmark's central civil registration database, Politiken reported, including an administrator account. The breach exposed informati...

cphpost.dk
Robotics
Robotics

One-gram DirectHop robot demonstrates adjustable jumps and self-righting

University of Washington researchers have built a one-gram hopping robot that adjusts jump energy by changing the current supplied to its motor, New Atlas reported. The DirectHop prototype can clear a standard stair and make small...

New Atlas: Technology-Innovation-Outdoor News
Infrastructure Capital
Infrastructure Capital

Cloudflare acquires Deno, a rival in developer infrastructure

Cloudflare is buying Deno, the startup co-founded by Node.js creator Ryan Dahl, The New Stack reported. Deno had developed an open-source alternative to Cloudflare Workers, making the acquisition a purchase of a longtime competito...

Techmeme
Policy
Policy

Turkey bars under-15s from social media starting 1 November

Turkey will prohibit social media platforms from serving children under 15 from 1 November under rules published in its Official Gazette, The Next Web reports. Platforms must verify new users' ages with a token from Turkey's e-gov...

The Next Web
Security Products
Security Products

Bitwarden plans commercial builds for app stores starting next release

Bitwarden says its apps distributed through stores will use commercially licensed builds starting with the next release. Current features will remain available in both the commercial and GPLv3 open-source versions, and users will ...

community.bitwarden.com