Chinese Engineer Arrested For Stealing 100 BTC

Zhong Mo stole 100 bitcoins from his employer; he may be extended to seven years and fined
03 April 2018   701

Engineer from Beijing was arrested after stealing 100 Bitcoins from his company. He noticed the unsuccessful hack attempt. So he decided to use the situation and steal coins by himself. After that, 90% of the stolen was returned, but he can still go to jail for up to seven years. This is reported by Bitcoin .com.

The police of the Haidian District confirmed Zhong Mo's arrest. The Haidian District is the place where most of the universities of Beijing are located, as well as the technological and scientific center of Zhongguancun, where the headquarters of many Chinese IT companies are located, which is why this center is called the "Chinese Silicon Valley".

Prosecutors from the department of investigations of scientific and technological crimes of the police in Haidan studied the case and found that the defendant worked in the company as an engineer for repairs and maintenance. It is alleged that during the regular maintenance of the server, he found that someone tried to steal the company's cryptocurrency by hacking, but the attempt wasn't successful. Eliminating the abnormal interference, the engineer took advantage of administrator's authority uploaded a piece of code designed to transfer 100 bitcoins from the company's account to his own account registered on a website outside of China. He also tried to cover up the traces of the crime by taking steps in order to avoid tracking.

Later, the criminal himself became a victim of phishing scam and lost 10 bitcoins. Then, apparently, he got scared and returned the remaining 90 bitcoins of his company. According to the rate on the day of the incident, September 16, 2017, 100 bitcoins cost about 380 thousand dollars.

According to the prosecutor in charge of the case, according to China's criminal law, for an infringement of state laws on the theft of information from a computer system, an engineer is threatened with imprisonment for up to three years, but if the circumstances prove more serious, he may be extended to seven years and fined.

First BTC Forks Battle to be Held on p2pb2b Exchange

p2pb2b exchange is going to challenge 'digital gold' fork
28 September 2018   473

Since the launch of the very first cryptocurrency, lots of developers were trying to improve Bitcoin and fix existing bugs. According to Bitcoin.com, there were 69 Bitcoin forks in total in the crypto market in April 2018 and only 10 of them were traded on exchanges. p2pb2b exchange has decided to figure out which of the forks deserve to be listed and currently holds Bitcoin Forks Battle for the first time in the history of the crypto market. The platform is not going to decide the destiny of coins itself. Instead, the community of traders will be voting for the best coins in their opinion. The winner will get a free listing on p2pb2b.

How does the Battle go?

Bitcoin Forks Battle is held on the p2pb2b exchange in 3 stages. Any of Bitcoin forks can participate. The following forks are already participating in the Battle: B2X, BCA, BCD, BCX, BIFI, BTCS, BTN, BTX, GOD, LBTC, NRO, SBTC, UBTC. There is still a chance for any other Bitcoin fork to join the competition. Only traders registered on p2pb2b with at least 0.003 BTC / 0.05 ETH / 25 USD on their account in order to exclude frauds. The voting itself is free.

  • Stage 1 - Qualification
    • The stage will last for 7 days and only 8 most voted coins will pass to the next round.
  • Stage 2 - Play-off
    • 8 coins will be randomly divided into pairs. A fixture list will be made and coins will participate in matches just like it works in football. There will be 6 matches in total, 24 hours each. 2 finalists will pass to the next stage. Coins that will make it to the play-off will receive a special offer for the listing within a month since the announcement of the battle results.
  • Stage 3 - The Final
    • The final stage will last for 5 days, the most voted coin wins the battle and gets a free listing of p2pb2b.

Bitcoin forks will finally get a chance to enter the crypto market and find its acceptance. Coin holders will be able to benefit from trading and an improved functionality that each fork has already presented. Check out the official website to participate in the Battle and choose the coin you like the most.

p2pb2b
p2pb2b

p2pb2b cryptocurrency exchange has made a reboot after 4 years of work and introduced users a completely new platform for safe and profitable trading. The team is mainly focused on the needs of businesses and large enterprises. However, each participant of the crypto market will be able to find benefits in using p2pb2b exchange. Traders get high performance, safety, and client’s support. Businesses take an advantage of a possibility to list a new coin for 5 minutes, updated API, officially registered Estonian company. More information about the platform is available on the official website.