According to the latest crypto news, Delaware helped the U.K authorities to capture the British hacker Grant West that last year managed to steal more than $700,000 worth of Bitcoin.
Delawareonline provided a report where it shows that undercover U.K officials captured West while he was traveling by train and was instantly convicted of fraud. This is the first time UK authorities arrest a cybercriminal.
U.S Secret Service of Delaware played a huge part in capturing West by helping the British police uncover some of the stolen capital and finding an account with more than $200,000,000 worth of Bitcoin.
According to Delawareonline:
“Delaware for years has been the site of large numbers of government seizures of dollars from the bank accounts of suspected criminals because so many banks keep their central servers in the First State. Now, that has expanded to include bitcoin and other cryptocurrencies.’’
West managed to hack websites of companies such as Uber, Sainsbury’s and Ladbrokes after gaining access into the companies’ websites and obtaining personal information of the customers. He managed to steal private data of all the clients via phishing emails and then sell the information online.
West covered his tracks by storing his stolen funds in Bitcoin and spreading them into multiple wallets. He had stolen information from 160,000 different people.
He is now given 10 years and eight months in jail, and the judge even described West as a ‘’one man cyber crime wave’’.
South Korea: Five Arrested In A New Crypto Mining Malware Case Involving 6,000+ PCs
“Because cyber security firms and anti-virus software operators responded quickly to the distribution of mining malware, the group of hackers were not able to generate a significant revenue from their operation. In most cases, anti-virus software detected the malware within three to seven days. If the malware was detected, the hackers sent new malware, but it was detected again by anti-virus software,”Carried into over 6,000 actively used computers, the operation managed to only generate $1,000 in profit in total.
[UPDATED] Crypto Pioneer Charlie Shrem Fights Back The Accusations Of Stealing 5,000 Bitcoins
“Nor can WCF prove Shrem engaged in any misconduct. He did not. Shrem can show by verifiable evidence that he did not take the 5,000 bitcoins WCF accuses him of taking and that they belonged to Mr. X. Shrem, therefore, did not breach any duty to WCF, even if one were found to exist.”Both sides are going to meet in court tomorrow Nov. 8.
Fake Elon Musk Twitter Accounts Promote Bitcoin Scams, One Got Away With $170k
Scandal In Bulgaria: Officials Arrested For Selling Passports In Exchange For Bitcoin
“Peter Haralampiev, Krasimir Tomov, and Mark Stoyov have been arrested for fraud with the issuance of Bulgarian passports to Ukrainian, Moldovan and Macedonian citizens.”The lawyers of the accused officials denied that their clients had anything to do with this fraud but the Prosecutor General, however, demands that the lawyers must provide evidence in order to prove that isn’t the case. The lawyers on the other hand, still haven’t provided the court with reliable evidence. Some people even expected a resignation from the Vice Prime Minister of Bulgaria Valeri Simeonov because of the level of corruption in the agency but he clearly noted that he doesn’t have such intentions. Despite the government officials involved in such criminal activities, 20 other people were detained in Bulgaria for selling passports to citizens in Ukraine, Moldova, and Macedonia while receiving more than $5,000 for a single document. Since Bulgaria is a member of the European Union, the passport allows people to live, travel and work easily in any other EU country without any restrictions unlike the citizens from the above-mentioned countries.
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