Inputs.io Owner TradeFortress Will Not Report Theft to Police
Earlier this week we reported on the unfortunate incident in which Inputs.io wallets were hacked and a large amount of Bitcoins were stolen. 4100 Bitcoins, in fact (over 1 million USD). But what may be more interesting here is that the service's owner, known simply as TradeFortress told an Australian publication that he does not plan to report event to police due to "extremely limited actions" that could be taken by law enforcement - referencing the difficulty in tracking Bitcoin transactions down to one person or group. The theft is worth over $1 million, however. Would this not be reason....
Related News
In a phone interview with Australia's AM radio show Tradefortress responded to challenges that the theft was 'an inside job', though he insisted that he wouldn't be reporting the theft to the police because the bitcoins are untraceable and it would be impossible to track the culprit. When asked about his age, Tradefortress told the publication: "I'm over 18 but not much over." Tradefortresses' public identity still remains unknown, however his reputation on Bitcointalk seems to be questionable, with at least two members claiming to have been scammed by him for failing to deliver on coding....
Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in China’s Jiangxi province have reportedly solved a case involving the theft of bitcoins worth almost 3 million yuan ($466,000), local media reported this week. A man, referred to only by his last name Shan, filed a police report stating that he was unable to access his email account linked to his cryptocurrency wallet after....
A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara’s vehicle and subsequently took $87,000 in cash from a bag kept in Lara’s trunk. Lara, who also had a stack of automated teller machine (ATM) receipts that showed the funds were legitimate, said “I could not believe that I had just been literally robbed on the side of the road by people with badges and guns.” Policing for Profit — DEA and Nevada....
Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club.
8 People Arrested in Crypto Fraud Scheme in Israel
Israeli police arrested eight suspects Thursday allegedly stealing tens of millions of shekels in a cryptocurrency fraud scheme.
The arrests were made after officers from the police’s Lahav 433 anti-corruption unit raided the suspects’ homes and offices.....
Some unfortunate news coming from the Inputs.io camp today. 'The most secure wallet ever created,' as it is stated on their website has found themselves hacked, losing about 4100 BTC of user funds (that's over one million US dollars). According to Inputs.io, "the attacker compromised the hosting account through compromising email accounts (some very old, and without phone numbers attached, so it was easy to reset). The attacker was able to bypass 2FA [2-factor-authentication] due to a flaw on the server host side." The incident is unfortunate, and is certainly infuriating for users of the....