German Fraudster Refuses to Give Police Passwords to $60M Bitcoin Wallet
German authorities have seized a Bitcoin wallet containing 1,700 BTC, valued at approximately $60 million at the current price. However, the wallet owner refuses to cooperate in disclosing the password. The seizure came about after an investigation into covert crypto-malware installations over two years ago. The fraudster at the heart of the storm has since […]
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Throughout a two-year prison term, the man repeatedly refused to give wallet access to German authorities.
Canadian law enforcement officials want to make their jobs easier, lobbying for a new law that would force people to give up their computer passwords upon request. Canadian Police Back Resolution to Compel Users to Give Up Passwords. The Canadian Association of Chiefs of Police (CACP) passed a resolution on August 16, 2016, advocating for such a law to be enacted by parliament. The timing of the resolution was decisively made to maximize its influence, as the Canadian government has begun conducting a study on cybersecurity and how to balance online freedoms with the police’s ability to....
Notably, the cryptocurrency industry expanded its boundaries in India in recent years. But unfortunately, cybercriminals and crypto fraudsters also ramped up their efforts to loot investors’ hard-earned money in this sector. As a result, it put the law-enforcement forces on their toes and led government authorities to stricter regulations. Similarly, the Indian police force in […]
As the risk of having your password leaked is rather high nowadays and millions of reported cases are not resolved yet, every Bitcoin and other digital currency users should remember to improve his or her account’s security. CoinTelegraph has looked into the best of ways to secure your Bitcoin Wallet and made a list of tips to follow. Recent setbacks. Last month, CoinWallet.co announced the closure of its platform primarily because it suffered a data breach on the 6th of April. It says: “This incident prompted us to reassess the viability of running coinwallet.co and it was decided it is....
German police have detained two people suspected of hacking into computer networks and using them to mine over €700,000 worth of bitcoins. Three suspects face organised computer fraud and commercial fraud charges, according to the public prosecutor's office in Kempten. Two of the suspects were arrested Monday night in a raid by GSG-9, the German federal counter-terrorism unit. The raids were carried out in Bavaria and Lower Saxony, According to the Federal Criminal Police Office of Germany (BKA). There was no arrest warrant against the third suspect, and it is somewhat unclear why federal....