The treasurer of John McAfee's company has stolen tens of millions of dollars' worth of cryptocurrency, according to a plea for information issued by that company.

.@gemcrypto and @paradigm2070, the top conspirators in the theft of over $62 mil in tokens from us, are trying to unload the stolen tokens. They are using https://t.co/Sed3yk0Nmg and HitBTC. Nearly every other  Exchange   Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term is cooperating with us. Why these 2? Are they also involved? pic.twitter.com/w5wsKAIOJA

— John McAfee (@officialmcafee) August 24, 2018

Implicated is one Luke Jenkins, ex-con and treasurer of the outfit, and his girlfriend Gemma (surname unknown), who has returned to her homeland and is not treating the allegations seriously.

It's just part of the never ending Mcafee show. I left America because our visions and morals with crypto are very different. I've seen too much and they don't want me in the space. I expected something like this. It's like a soap opera! (Tweeted from my prison cell??‍♀️)

— Gem (@GemCrypto) August 24, 2018

Team McAfee CEO Jimmy Watson published a plea for information in NullTX, mentioning only Jenkins. The amount stolen is between 50 and 100 million dollars, "depending on current market value".

A gentleman who claims he is a lawyer

Watson explains that Jenkins worked for the team for more than a year, and had responsibility over money going in and out of the Team McAfee accounts.

He refuses to return the money, and as a result "hundreds of individuals" have sent complaints to Team McAfee over the last two months. Said Watson: "These innocent people were stolen from and taken advantage if [sic] by the most corrupt institutions we have ever seen. HITBTC is one of the main ones..."

Watson explains that up to three members of the team have been working with HitBTC, along with "a gentleman who claims he is a lawyer who we now know is not," to launder the stolen money.

"Several exchanges" have provided information about Jenkins' activites, and the McAfee team has asked him to give back the money "on numerous occasions", but received only responses "nefariously submitted with accusations inlaced in extortion." Now Jenkins' parole officer is involved:

I hired @Paradigm2070, after he was released from prison. He was still on parole. No one would hire him. I gave him what few would - a chance. I also arranged for his girlfriend, @gemcrypto, to come to the States for him. Big mistake. People are sometimes not what they seem.

— John McAfee (@officialmcafee) August 24, 2018

McAfee vs HitBTC

McAfee has some history with HitBTC. He threatened the mysterious exchange with a lawsuit in July because it restricted transactions of a token called the Medical Token Currency, which is aligned with a healthcare platform being developed by a company called Docademic, in which McAfee is an investor.

HITBTC has not responded to our requests. We are preparing a legal complaint against HITBTCs service provider and against HITBTC. If you have an issue with HITBTC, then please send details to:

Officialmrmcafee@gmail.com — John McAfee (@officialmcafee) July 10, 2018

Finance Magnates recently reported on HitBTC's reticence to part with its customers' money.

John McAfee originally made his name through his antivirus programme, but has not been involved in that company since 1994. Since then he has been heavily involved in the cryptocurrency world; endorsing, defending, even risking his life.

The Crow's Nest: highest point in the building and one of our 14 beds. Guards position themselves here at night, armed to the teeth and waiting. pic.twitter.com/3cGi1roGOw

— John McAfee (@officialmcafee) August 25, 2018

The McAfee Crypto Team

Team McAfee ("currency independence - liberate your money, free your mind") offers a number of services. On its website you can purchase a wallet called Bitfi, which McAfee claims is unhackable (it was hacked repeatedly as soon as the claim was made), explore a mobile phone called Cloakphone (due for release in 2019), and an ICO advisory service ("Take your next project into the stratosphere").

I haven’t really been following this Bitfi nonsense, but I do so love when companies threaten security researchers. pic.twitter.com/McyBGqM3bt

— Matthew Green (@matthew_d_green) August 6, 2018

In July, Team McAfee launched mcafeemarketcap.com, a cryptocurrency price-tracking website. It is offline as of press time.

Most recently, we reported that McAfee had taken on the role of CEO at a  Blockchain  Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term security company called Luxcore, which aims to release a secure wallet, and secure network for institutions, amongst other things, later this year.