Mt. Gox Bitcoin Theft Was An Insider, Not Hackers, Say Police

Mt. Gox Bitcoin Theft Was An Insider, Not Hackers, Say Police

It was the Bitcoin theft which rocked the whole of cryptocurrency in 2014 - a massive haul of 650,000 coins taken from Japanese exchange Mt. Gox, the largest bitcoin exchange in the world at that time. It has been blamed by many as being a major factor behind the declining value of a bitcoin over the last year, and is often cited as an example of why using Bitcoin is a risky business. The cause of the loss has been the subject of much speculation, but as we move into the new year of 2015, Tokyo police investigating the loss have told The Japan News that the vast majority of the missing....


Related News

Chinese Police Return Bitcoin to Victim in 3 Million Yuan Theft Case

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....

Australian Firm Faces Harassment After Paying Bitcoin Ransom

A senior executive in Australia has reportedly been victimized after the company they work for was pressured by online hackers into paying a ransom in bitcoin worth $14,000 earlier this year. According to a report by the Brisbane Times, the unnamed Queensland-based business suffered an internal data theft, which was followed by the ransom demand. The company paid the amount, local law enforcement officials told the news service. Subsequent ransom demands were ignored, police explained, a decision that is said to have prompted the hackers to escalate their intimidatory tactics. The hackers....

$12.7 M Stolen From Japanese ATMs With Forged Credit Cards

Credit card theft is becoming a grave threat to the financial ecosystem, and the recent theft of JPY 1.4bn is a clear example of why credit cards are an insecure payment method. Hackers managed to clone several dozen credit cards and withdraw cash from Japanese convenience store ATMs. Japan Convenience Store ATMs and Stolen Credit Cards. According to the....

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....

Hackers use Cryptoware Against Police for Bitcoin Ransom

Computer hackers have been attacking government offices and private industry for decades in the pursuit of extorting millions of U. S. Dollars. Now, the digital crime is gaining a new digital treasure for the a more advanced 21st century criminal underworld. Cryptoware Attack Nets Over 2 Bitcoins. South of Chicago, Illinois, the small Midlothian police department was subject to a criminal Cryptoware attack by an unknown hacker. The perpetrator disabled a police computer, rendering it inaccessible through his encryption program labeled Cryptoware. As far as police know, the computer's....