2 arrested, bitcoins seized in German fraud probe

[Omaha Steve]

Last edited Thu Dec 5, 2013, 05:19 AM - Edit history (1)

Source: AP-Excite

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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Just beat the time limit.

[2banon]

1. linky, please

thanks!

[Electric Monk]

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.

more
http://www.bbc.co.uk/news/technology-25217386

[Omaha Steve]

3. So sorry

Fixed.

[Javaman]

4. How do the "seize" bitcoins? nt