• ransomware grows criminalize paying
    Bitcoin,  Regulation

    As ransomware take explodes to $350M, UK expert says criminalize paying

    Former U.K. National Cyber Security Centre head Ciaran Martin calls for a payment ban as Chainalysis reveals 2020 was ransomware’s best year ever, up 311%

    Martin said that insurers have effectively funded organized crime by paying out claims to clients who paid ransoms to regain access to their data after being locked out by the hacker gangs.

  • Bitcoin fund Capitol riots
    Bitcoin,  Politics

    Chainalysis asks: Did Bitcoin fund the Capitol riots?

    The leading blockchain intelligence firm found $500,000 in Bitcoin transferred to key alt-right members a month before followers stormed the halls of Congress

    A month before a mob stormed the U.S. Capitol building on Jan. 6, an extremist sent $522,000 in bitcoin to nearly two dozen far-right leaders, including white nationalist streamer Nick Fuentes and the Daily Stormer, a Neo-Nazi website, according to blockchain intelligence firm Chainalysis.

  • ransomware hackers demand bitcoin for sex toy
    adblock,  Bitcoin,  Technology

    Hackers demand $700 bitcoin ransom for man’s “family jewels”

    Hackers took control of an app-controlled, internet-of-things connected male chastity device in an attempt to obtain a ransom, according to a report

    According to a Jan. 11 report, hackers took advantage of a known cybersecurity vulnerability in the software of a “smart” sex toy, hoping to effectively hold the man who used the device hostage, by locking him in the chastity device.

  • Human trafficker caught using Bitcoin

    Human trafficker caught after using Bitcoin to launder blood money

    Another criminal has been arrested after the authorities followed the data trail left behind by the Bitcoin he is suspected of using to launder money

    Ignacio Santoyo—an alleged Mexican human trafficker said to have blackmailed and sexually exploited 2,000 women—was captured after authorities tracked the Bitcoin (BTC) that he used to launder his ill-gotten gains.