Bitcoin-crazy rich Indians falling prey to fake crypto wallets
Technology | August 09, 2020 17:39 ISTOne Indian businessman lost a whopping Rs 28 crore in such crypto wallet scam, Shah informed.
One Indian businessman lost a whopping Rs 28 crore in such crypto wallet scam, Shah informed.
The fake posts appeared to lure Twitter users by sending money to an anonymous Bitcoin account. There is no confirmation on if the owners of these Twitter accounts were targeted themselves. The apparently fake tweets were all quickly deleted, although The Associated Press was able to capture screenshots of several before they disappeared.
Why are the hackers looking for Bitcoins, which is a type of a cryptocurrency? Here's everything you need to know about cryptocurrencies.
Two executives in Kolkata who were working from home and using the Zoom video calling app, allegedly received ransomware threats, demanding payments in bitcoins on Wednesday. The hackers demanded ransom to release the data which were encrypted from their computers. Both of them were using Zoom.
The US leads in the volume of tweets referencing Bitcoin and "Libra" digital coin that is expected to come in 2020, revealed crypto-trading platform The TIE in a series of tweets.
He is also facing a case of allegedly extorting money from a builder.
Additional sessions judge P G Tamakuwala declared Kotadiya a "proclaimed offender" (absconder) under section 82 of the Code of Criminal Procedure (CrPC ).
South Korea has seen a craze over bitcoin and other cryptocurrencies, prompting authorities to try to rein in speculative investment this year by tightening regulations.
Cops also conducted raid at the official premises of the accused and seized 56 laptops, cell phones and fake documents along with cryptocurrency coins.
It may be recalled that Finance Minister (FM) Arun Jaitley in February said that all crypto currencies, which include bitcoins, are illegal and the government will take all measures to eliminate their use.
The apex court, which was hearing pleas seeking direction to the Centre to take emergent steps to restrain the sale and purchase of illegal cryptocurrencies or virtual currency like Bitcoins.
Two men who defrauded thousands of people of several crores of rupees using cryptocurrency were arrested by Cyber Cell of Delhi Police.
In January, the prices of cryptocurrency were nearing $20,000, but its value dropped to as low as $5,921 on Tuesday.
As per reports, these purchases will no longer qualify for earning credit card points as well.
Finance Minister Arun Jaitley, in his Budget speech yesterday, had said that all types of crypto currencies, including bitcoins, are illegal and the government will take all measures to eliminate their use.
"Cryptocurrencies are not legal tender and the government discourages its use. However, the government will look at the utilisation of Blockchain (a distributed digital technology that supports crypto currencies)," Jaitley said.
In an era of major data leaks like Panama papers (2016) and Paradise papers (2017), India's high net worth individuals (HNIs) have been flooded with new options to hide their money away from prying eyes of the general public.
The Coincheck exchange said on its website that it had halted sales and withdrawals of a cryptocurrency called NEM.
Sigal Mandelker, the Treasury undersecretary for terrorism and financial intelligence, said Friday that more needs to be done to prevent money laundering and other criminal activities using such transactions.
Accordingly, the institute has formed a panel to work on it and is expected to submit its report by end of March.
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