November 12, 2019

Dutch Police Arrested Komodore64’s CEO

Dutch police arrested the head of blockchain game development company Komodore64 which approximately gained $86 million from investors, news agency Sprout informed in November. 

Komodore64 — which founded in June intending to invent a game platform where transactions are done on blockchain — turned out to be a dishonest plan that cheated as employees as investors. The project with native cryptocurrency K64, which collected $86 million in investments, has announced about bankruptcy.

Using the name of a “well-known investment company.”

Komodore64’s head Sam N. engaged investors declaring that the firm had profited from a “well-known investment company” — American investment management company Goldman Sachs. Such cooperation was deceitful, and some people just pretended as an official delegation from the investment company. 

More fraud and furious crypto investors

Besides, Komodore64 curator John Dullaart was surprized that Max Theyse, who had previously been presented as the company’s co-founder, was never seen on that role. “I suppose that real co-founder is someone another,” Dullaart told Sprout.

The police took into custody N. at a hotel, where he had been staying because he felt the danger from furious cryptocurrency investors.

Cybercriminals as an additional headache for the Dutch police

This summer, Europol, in cooperation with the Dutch police, United Kingdom’s South West Regional Cyber Crime Unit, Eurojust, and the U.K.’s National Crime Agency, arrested six people who stole more than 27 million dollars in cryptocurrency.

Then Dutch police arrested former entrepreneur Barry van Mourik in May this year. He was suspected in fake Bitcoin mining operation out of 25 million dollars. Being the founder of a mining farm, van Mourik accumulated funds of clients and did not purchase any equipment instead was spending the money on luxury items.


This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.

You may also like
March 28, 2020
Miners Boost Bitcoin Sales Despite Signs Of The Market Rally

Since the record drop recorded on March 11, Bitcoin has gradually stabilized and climbed out of the bottom. Until March 25, the price of Bitcoin rose from a critical low of $3,867 to $7,000. Now there is an unprecedented situation: miners during this time sold more coins than they created. This is visible thanks to moving inventory (MRI) data. This indicator was introduced specifically to monitor the volume of coin generation by miners. Although the price of Bitcoin has risen above $4,000, the situation in the cryptocurrency market has not improved. For 21 days, the index of moving inventory was

March 27, 2020
Cryptonalysts Predict Big Bitcoin Movement: When is Expected?

Amid the continued decline in financial markets due to the spread of Coronavirus, the Bitcoin exchange rate is unstable. This week, we have seen signs that Bitcoin is rising from the bottom and its price is moving forward. The current fall in Bitcoin volatility is causing a mixed reaction among analysts. The idea is spread among investors that the fluctuation of the Bitcoin volatility is not a good sign. The lull in Bitcoin movement now, may cause excessive movement in the near future. The leading cryptonalyst Anondran commented on this situation: “Now the lowest volatile BTC candle is 3.3%. Considering

March 26, 2020
GRAM Extradition Freeze: Telegram Appeals Court Decision

Telegram appealed the decision of the US federal court, according to which GRAM tokens are recognized as securities. In this situation, the release by Telegram of cryptocurrency now remains a big question. GRAM tokens qualify as securities Earlier, the Securities Commission (SEC) issued a conclusion that GRAM tokens can qualify as securities. The US Federal Court in considering the Telegram case took into account this statement. As a result, the preparation process for the issuance of GRAM was suspended. The telegram has already appealed to the court against the announced ban. It is important to note here that GRAM tokens

Get early access

Don’t miss your chance to pre-register today and enjoy all the benefits of early adopters in the future!