Ransomware creators arrested in Romania

Five people, alleged in creating of CTB-Locker and Cerber ransomware were arrested by Europol
22 December 2017   1029

In Bucharest, five gang members suspected of creating CTB-Locker and Cerber ransomware and organizing the largest computer attacks in the United States and Europe were arrested. For the unlocking of operating systems, hackers extorted crypto currency from their victims. This is reported by the Forbes.

As the publication notes, CTB-Locker was one of the first ransomware controlled through Tor's anonymous network, which allowed attackers to sweep up traces. According to the developer of the anti-virus software McAfee, in 2016 this ransomware became the most popular.

Cybercrime is an area of crime like no other, where it is perceived as low risk, and high returns, which contributes greatly to its growth. Today a clear message has been sent that not only addresses this misconception, but emphasizes the value in public-private partnerships.

Raj Samani

CTO, McAfee

In addition, two arrested members of the gang were implicated in the spread of the Cerber virus, the main victims of which were Americans. This year Google called Cerber the most profitable virus for its owners, because by July 2017 they earned $ 6.9 million with it.

During the searches, police seized equipment for mining, laptops and hundreds of SIM-cards. The identity of the detainees has not yet been disclosed.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   142

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.