Wed Dec 4, 2013, 09:31 PM
Omaha Steve (46,420 posts)
2 arrested, bitcoins seized in German fraud probe
Last edited Thu Dec 5, 2013, 04:19 AM - Edit history (1)
BERLIN (AP) - German police say they have arrested two people and seized illegally generated bitcoins worth more than 700,000 euros ($950,000) in an investigation of computer fraud.
The Federal Criminal Police Office said Wednesday it staged searches earlier this week in an investigation of three people suspected of manipulating existing malware and spreading it over the Internet, creating a remotely controlled network of compromised computer systems.
Police say the perpetrators used the processing power of the hacked computers to generate bitcoins, a cryptography-based digital currency. They also are investigating further suspected fraud, violations of copyright law and offenses related to the distribution of pornography.
They gave no details on the two people who were arrested Monday, one in the southern state of Bavaria and the other in Lower Saxony, a northern region.
Read more: http://apnews.excite.com/article/20131204/DAAFIV1O3.html
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2 arrested, bitcoins seized in German fraud probe (Original post)
|Omaha Steve||Dec 2013||OP|
|Electric Monk||Dec 2013||#2|
|Omaha Steve||Dec 2013||#3|
Response to 2banon (Reply #1)
Thu Dec 5, 2013, 12:34 AM
Electric Monk (11,137 posts)
2. Five held over Bitcoin scams in China and Germany
Suspected Bitcoin fraudsters have been taken into police custody in Germany and China.
The German authorities say they arrested two people following an investigation into malware that generated the virtual currency by infecting its victims' PCs.
Xinhua reports three people have been detained in China after a trading platform was shut without warning, cutting off investors from their funds.
The cases do not appear to be related.