Interpol to Investigate Bitcoin Scam

Austrian authorities are asking Interpol to help track down suspects in a Bitcoin scam  
15 February 2018   266

This scam hit thousands of investors in Austria and abroad, which resulted in millions of dollars in losses.

Prosecutors in Vienna are receiving hundreds of complaints about a scheme known as “Optioment”. This scheme promised investors returns of up to four percent per week on bitcoin deposits through arbitrage trading. Investors from Poland, Germany, and several other Eastern European countries have potentially incurred losses of up to 12,000 bitcoin.

According to police, they identified two people who are accused of fraud in the complaints and are going to find others abroad. The officials asked Interpol to investigate additional suspects in Denmark, Latvia, and Germany.  However, no arrests have been made.

Atlanta's computer network infected with Bitcoin ransomware

Hackers breached the governmental computer network in Atlanta to infect with ransomware and demand payment in Bitcoin
23 March 2018   126

Cryptocurrency ransomware of different flavors has been around practically as long as cryptocurrencies themselves. And now the city of Atlanta, US has come under the attack.

The governmental computer system has been infected by the ransomware virus early in Thursday, and this has caused a massive disruption in several departments. In particular the bill payments and court information services has been affected. Later in the morning several city employees found a ransom letter on their computers with demands for $51,000 in Bitcoin.

In the afternoon of the same day officials held a press-conference, but were unable to provide any particular information about the attack since the investigation was just commenced and in the early stages. The question whether or not they were going to pay the ransom were also left unanswered.

Atlanta is one the major economics hubs in the Southern US with several large international companies and the world's busiest airport located in the city. Apparently, the city officials have no qualms about going for all the available help in such a high-resonance case, hence the US Department of Homeland Security, the FBI and even the Secret Service authorities are now on the ground.

Of course, there is little chance of systems being unlocked even if the ransom is paid, the security experts say. So, the city is probably in for a long road to full recovery of its computer facilities. The officials have even started making plans in preparation for long and tedious recovery process.