Crypto 360°

Saturday, 11 June 2022

the voices wont stop screaming

submitted by /u/Marcus_Aguiar
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If there is one thing the bitcoincash community is most concerned about, it is getting it to as many people as possible because utility is its most important value. In this article is a powerful means to build utility and promote bitcoincash

submitted by /u/GabbyShare
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source https://www.reddit.com/r/btc/comments/v9f09d/if_there_is_one_thing_the_bitcoincash_community/

Is it only a "matter of time" before a billionaire's son/daughter is kidnapped and the ransom is to be paid in crypto? I'm sure other people have thought of this -- are there any "solutions" to this ethical dilemma? 🤔

If you remember Columbine, it created the allure of school shootings where none had prior existed. I'm sure if it happened 10 years earlier, that those following 10 years would have had a dozen or more following in its wake. I feel like the same thing could happen if you kidnap a billionaire's son or daughter -- that the first incident will usher in a new wave of it becoming a common occurrence.

Part of me feels like if the first highly-publicized crypto-ransom is "unsuccessful" (i.e. the billionaire refuses to negotiate with kidnappers) then it will have a chilling effect and somehow discourage future similar incidents. The era of "ransomware" is annoying but at least nobody dies. It's an acceptable tradeoff since the net utility of crypto outweighs the harm of cyber-criminals so long as they stick to "white collar" crimes only.

What about crypto-terrorism? Let's say you're a shady millionaire who has the financial resources to arrange the importation of 2 "dirty bombs" and you detonate one in nowhere-ville Montana and kill 300 people to prove your willingness to detonate the 2nd bomb in a populated area like NYC or LA?

A millionaire could easily 50x his net worth from $20M to $1B and to be honest, I'd even consider it if I were in that financial position. (i.e. your "party boat" goes from 35 feet to 200 feet plus unlimited cocaine and half-dressed instagram models at your disposal on epic yacht parties)

TL;DR: Is it only a "matter of time" before a billionaire's son/daughter is kidnapped and the ransom is to be paid in crypto? I'm sure other people have thought of this -- are there any "solutions" to this ethical dilemma? 🤔

submitted by /u/CompetitiveRadio2222
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source https://www.reddit.com/r/btc/comments/v9fffi/is_it_only_a_matter_of_time_before_a_billionaires/

Former Police Experts Tried to Escape With Millions of Seized Bitcoins

Pankaj Ghode and Ravindranath Patil, the alleged cyber-crime specialists, collaborated on two incidents of multimillion-dollar bitcoin Ponzi schemes in 2018.

The two specialists supported the Pune Special Investigation Team (SIT). The Pune police cyber cell has verified that about 1,300 bitcoins have gone stolen from the wallets of cyber specialists Ghode and Patil. It represents an improvement in crypto related transactions. Projects like Concordium have introduced ID recognition before crypto transactions but it remains largely un-adopted.

The offenders were apprehended by cyber police during an investigation that began in April 2021. On allegations of stealing bitcoins for financial benefit while supporting the police throughout the inquiry, the forces took several mobile phones, MacBooks, hard drives, tabs, computers, CDs, and other materials from their possession.

On Monday, the Pune Police Cyber Crime Cell issued a 4,400-page charge sheet against two cyber specialists. Patil admitted to taking 237 bitcoins, according to Deputy Commissioner of Police Bhagyashree Navtake. Ghode is accountable for about 900 bitcoins that have gone missing. Over $770,000 in 34 different cryptocurrencies was reportedly confiscated by authorities as they probed an alleged 900 bitcoin difference.

Patil and Ghode are now being held in judicial custody at Pune's Yerawada Central Jail. According to officials, Patil was an IPS officer for a few years before departing. He has been working as a cybercrime specialist since then. He supported different police departments and investigation organizations, as well as training officers on crypto-crime.

Ghode has worked as a cyber security expert and operated multiple firms, including some based abroad. The accused officers are believed to manipulate the screenshots of bitcoin recovery and submit them as proof to the police as part of their investigation report.

submitted by /u/HatHungrygtr
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