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Category: Blackmail
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Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall
Ethermine will now proceed to distribute its $2.6 million bonanza from a series of bizarre ethereum transactions last week after the fund’s owner failed to make a valid claim. On June 11, the miner, a unit of Bitfly, received the record fee in a transaction involving just 350 ether (ETH), or $86,000. It was the […]
The post Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall appeared first on Bitcoin News.
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Ethereum’s $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by Hackers
Hackers are holding an unnamed crypto exchange to ransom after an alleged cyber-attack forced the Ethereum blockchain to facilitate two separate transactions at a cost of $5.2 million in fees, new information suggests. The hackers may have gained access to the exchange’s funds but failed to transfer the money into their own wallets because of […]
The post Ethereum’s $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by Hackers appeared first on Bitcoin News.
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Vitalik Buterin Comments on Strange Transaction Fees
Ethereum creator Vitalik Buterin says recent high fees could be blackmail.
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The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That
Scammers are threatening to reveal cheating husbands to their wives and asking for bitcoin ransom – check the details in this edition of The Daily. A porn streaming website now rewards its users with tokens, and hair sprays are sold for BTC and BCH. Also, find out what Brits think about blockchain and learn about […]
The post The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That appeared first on Bitcoin News.
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Crowdsale KYC is Fueling a Black Market for Fake ID
KYC for crowdsales was meant to add oversight and legitimacy to a largely unregulated space. Instead it’s left investors susceptible to data breaches, identity theft and blackmail. Given the hazards, it’s understandable that some ICO investors have resorted to buying fake ID. Also read: A BCH Fueled Version of Patreon is Coming This August KYC Has […]
The post Crowdsale KYC is Fueling a Black Market for Fake ID appeared first on Bitcoin News.
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Scam Round-Up: Asian Investment Schemes and Snail Mail Extortion
Unfortunately, as with any industry, scams of all shapes and sizes persist within the cryptocurrency sector. This past week has seen a Filipino couple arrested after amassing over $17 million USD through a bitcoin investment scam, and protests held outside the office of a Vietnamese company that swindled $660 through two multi-level marketing (MLM) initial […]
The post Scam Round-Up: Asian Investment Schemes and Snail Mail Extortion appeared first on Bitcoin News.
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Hong Kong Hacker Arrested in Blackmail for Bitcoin Case
A suspect in a case involving hacking, blackmailing and Bitcoin has been arrested in Hong Kong. A 30-year-old computer technician has been taken in custody in connection with cyberattacks against two travel agencies. The man risks years of imprisonment. Personal data of customers was held for ransom. Tour operators were asked to pay 1 Bitcoin […]
The post Hong Kong Hacker Arrested in Blackmail for Bitcoin Case appeared first on Bitcoin News.
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