Court Orders Police to Forfeit Just-Eat Hacker’s Bitcoins
- The case involves nearly $1.1 million worth of bitcoin that should be confiscated in the first crypto seizure by British police.
A London judge has signed a court order mandating the City police to forfeit hundreds of bitcoins owned by computer hacker Grant West, who was sentenced to 10 years in prison last year for carrying out cyber-attacks on some of Britain's top companies.
The case involves nearly $1.1 million worth of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term that should be confiscated in first crypto seizure by British police.
West, 28, from Sheerness in Kent, pleaded guilty to charges including conspiracy to commit fraud, computer misuse, and drug offenses after being arrested 2017 for sending phishing emails pretending to be from takeaway service Just East.
West’s two-and-a-half-year scam extracted the details of 63,000 credit and debit cards and netted him millions from the sale of stolen data on dark web sites. He sent customers scam emails masquerading offering a voucher in return for answering questions, the court said.
Regulators consider ban on cryptos
The court papers show West ran his scam from July 2015 to December 2015 until he was arrested in a train carriage while returning from a trip to visit his girlfriend and co-defendant, Rachael Brooks. A Southwark crown at his trial last year described West, who used the online identity “Courvoisier,” as "a one man cyber crime wave" and said he had “secreted away” some of £1.6 million worth of cryptocurrency he obtained from hacking the email addresses of more than 160,000 people.
Victims funds were moved into multiple shell companies and cryptocurrency exchanges undetected this way.
Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term have been one of the most popular forms of payment on dark markets because users don’t have to reveal their identities. With the surge in the use of bitcoin for illicit purposes, the UK financial watchdog recently revealed a significant increase in the number of queries regarding cryptocurrencies, the majority of which relate to scams. This increase in the number of complaints/queries is another indication of the popularity of the industry despite the bear market conditions in the reportable period of 2018.
The FCA is already considering a ban on retail derivatives of cryptocurrencies, including CFDs, futures and options, as part of the UK authorities’ sweeping push to regulate the virtual asset class.
A London judge has signed a court order mandating the City police to forfeit hundreds of bitcoins owned by computer hacker Grant West, who was sentenced to 10 years in prison last year for carrying out cyber-attacks on some of Britain's top companies.
The case involves nearly $1.1 million worth of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term that should be confiscated in first crypto seizure by British police.
West, 28, from Sheerness in Kent, pleaded guilty to charges including conspiracy to commit fraud, computer misuse, and drug offenses after being arrested 2017 for sending phishing emails pretending to be from takeaway service Just East.
West’s two-and-a-half-year scam extracted the details of 63,000 credit and debit cards and netted him millions from the sale of stolen data on dark web sites. He sent customers scam emails masquerading offering a voucher in return for answering questions, the court said.
Regulators consider ban on cryptos
The court papers show West ran his scam from July 2015 to December 2015 until he was arrested in a train carriage while returning from a trip to visit his girlfriend and co-defendant, Rachael Brooks. A Southwark crown at his trial last year described West, who used the online identity “Courvoisier,” as "a one man cyber crime wave" and said he had “secreted away” some of £1.6 million worth of cryptocurrency he obtained from hacking the email addresses of more than 160,000 people.
Victims funds were moved into multiple shell companies and cryptocurrency exchanges undetected this way.
Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term have been one of the most popular forms of payment on dark markets because users don’t have to reveal their identities. With the surge in the use of bitcoin for illicit purposes, the UK financial watchdog recently revealed a significant increase in the number of queries regarding cryptocurrencies, the majority of which relate to scams. This increase in the number of complaints/queries is another indication of the popularity of the industry despite the bear market conditions in the reportable period of 2018.
The FCA is already considering a ban on retail derivatives of cryptocurrencies, including CFDs, futures and options, as part of the UK authorities’ sweeping push to regulate the virtual asset class.