brg444
Hero Member
*****
Offline Offline

Activity: 644
Merit: 504

Bitcoin replaces central, not commercial, banks


View Profile Personal Message (Offline)

Ignore
November 10, 2015, 08:58:32 PM

http://www.bloomberg.com/news/articles/2015-11-10/hackers-accused-by-u-s-of-targeting-top-banks-mutual-funds

hacking the system hackers

Quote
Two indictments, unsealed Tuesday, tied three of four suspects to previously reported hacks of JPMorgan Chase & Co., E*Trade Financial Corp., Scottrade Financial Services Inc. and Dow Jones & Co., a unit of News Corp.

Hackers and conspirators in more than a dozen countries generated hundreds of millions of dollars in illicit proceeds om pump-and-dump stock schemes and particularly lucrative online gambling, prosecutors said.

The global network, with 100 employees and co-conspirators, stretched from Israel to the U.S., with a dozen online casinos and payments that ran through Cyprus, Azerbaijan and Switzerland.

The co-conspirators deceived financial institutions into processing and authorizing payments to and from the casino companies and others, prosecutors wrote in their latest indictment of Gery Shalon, Joshua Aaron and Ziv Orenstein, who they say are at the center of the scheme. Shalon and Orenstein were arrested in Israel in July. Aaron remains at large.

Sounds like they needed to use Bitcoin.

Likely, they already do.  According to Europol, Bitcoin accounts for over 40% of criminal-to-criminal online payments. Smiley

Well ain't that fantastic?

Let's make it 100% !

It's bitcoin's niche, that's for sure. Did you know that it's not just for shitty overpriced drugs and CP anymore? Sure! Why, CryptoWall alone has raised over $325 million in bitcoin, and now even real-life kidnappers have taken a fancy to our coin of choice!
Onward and upward!