The person behind the Bitcoin Fog was identified and arrested. Bitcoin Fog was an anonymization service: for a fee, it mixed a bunch of people’s bitcoins up so that it was hard to figure out where any individual coins came from. It ran for ten years.
Identifying the person behind Bitcoin Fog serves as an illustrative example of how hard it is to be anonymous online in the face of a competent police investigation:
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Most remarkable, however, is the IRS’s account of tracking down Sterlingov using the very same sort of blockchain analysis that his own service was meant to defeat. The complaint outlines how Sterlingov allegedly paid for the server hosting of Bitcoin Fog at one point in 2011 using the now-defunct digital currency Liberty Reserve. It goes on to show the blockchain evidence that identifies Sterlingov’s purchase of that Liberty Reserve currency with bitcoins: He first exchanged euros for the bitcoins on the early cryptocurrency exchange Mt. Gox, then moved those bitcoins through several subsequent addresses, and finally traded them on another currency exchange for the Liberty Reserve funds he’d use to set up Bitcoin Fog’s domain…
In this entertaining story of French serial criminal Rédoine Faïd and his jailbreaking ways, there’s this bit about cell phone surveillance:
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After Faïd’s helicopter breakout, 3,000 police officers took part in the manhunt. According to the …
Excellent New Yorker article on North Korea’s offensive cyber capabilities.
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Analyzing cryptocurrency data, a research group has estimated a lower-bound on 2020 ransomware revenue: $350 million, four times more than in 2019.
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Based on the company’s data, among last year’s top earners, there were groups like Ryuk, Maz…
Fraud worries as UK company Now:Pensions says ‘third-party contractor’ posted personal details of clients to online public forumAbout 30,000 customers of Now:Pensions face an anxious Christmas after a serious data breach at the pensions provider led to…
Read More Data breach hits 30,000 signed up to workplace pensions provider