German Authorities Can’t Access Bitcoins Worth $65 Million ‘Seized’ From Hacker
German authorities have been unable to gain access to more than 1,700 bitcoins belonging to a convicted hacker, who kept silent about how to access his crypto stash while serving his prison sentence. German prosecutors in the Bavarian town of Kempten said Friday that they have been unable to gain access to more than 1,700 bitcoins they said were seized from a hacker. The hacker, who was 29 years old at the time, was convicted in April 2014 of computer fraud, among other charges. He covertly installed software on other people’s computers to mine bitcoin, which he kept for himself.....
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Indian police have seized $1.2 million in bitcoin from a hacker who allegedly hacked a government website, online game portals, and cryptocurrency exchanges. He was previously arrested for stealing $1.5 million from an Indian state government. Indian Police Seize Bitcoins From Hacker The Bengaluru Central Crime Branch (CCB) Police have revealed that bitcoins worth Rs 9 crore ($1.23 million) have been seized from a 25-year-old hacker, local media reported Friday. The hacker known as Shri Krishna is a software engineer and resident of Jayanagar in south Bengaluru. He was arrested on Nov. 18....
Throughout a two-year prison term, the man repeatedly refused to give wallet access to German authorities.
Bitcoins continue to keep supervisory authorities, businesses and users as well as speculators busy. On 19 December 2013 the German Federal Financial Supervisory Authority (BaFin) published its input to the vivid discussion on how Bitcoins are presently regulated in Germany. BaFin puts some points in concrete terms (especially trading with Bitcoins) and confirms some preceding views of the German Ministry of Finance and BaFin itself described in our prior article dated 27 November 2013 (only available in German). The interest in and – consequently – the demand for Bitcoins remains at a....
Japanese prosecutors charged long embattled Mt. Gox CEO Mark Karpeles with embezzlement over the loss of hundreds of millions of dollars worth in bitcoins, according to Jiji Press News agency. The charges mark the most recent chapter in the former CEO's fall from grace. Under Japanese law, a person can be held without formal charges for three weeks. The 30-year-old Karpeles was taken into police custody in Tokyo last month over his involvement in the disappearance of Mt. Gox funds. Authorities later re-arrested him for stealing 321 million yen (HK$20 million) worth of bitcoin from....
On the same day as CCN's recent interview with "white hat" hacker "Johoe" (self-pronounced as "Yo-hew"), the German security researcher decided to speak out, literally, on Let's Talk Bitcoin's show The Bitcoin Game episode #7. Is this the Bitcoin community's version of a media tour? In the 43-minute program, Jochen (the hacker's real first name) covers a lot of ground, from how he got involved with Bitcoin to how he initially discovered a flaw. Also read: Andreas Antonopoulos Leaves Bitcoin Foundation Over "Complete Lack of Transparency". Who is Johoe? As it turns out, Johoe is a computer....