Turkish police arrest group of crypto hackers

Posted 05 November, 2018

Monday, November 5, 11 suspects in bitcoin theft have been arrested in Turkey.

According to the local media, Turkish law enforcement bodies arrested a group of 11 people suspected in illegal possession of more than $80,000 in terms of bitcoin. These actions were based on the previous requests by 14 people saying that their wallets had been hacked. As a result, these people lost all stored coins. As the released data showed, the total loss amounts to TRY 437,000. The police think that the hackers have already transferred money to many accounts to puzzle tracking and exchange into fiats later.

The news report reads that the police launched an investigation into illegal access to victims' e-mail accounts and taking possession of their private keys and wallets. 

One out of 11 suspects that were arrested was released with court supervision, as the news report reads. At the same time, the rest of the group remains under arrest. As the police reported, the police team withdrew 2 fake driving licenses, 18 smartphones and 22 flash drivers during the action.

This group of hackers was reportedly detected via their exchange accounts and attempts to withdraw money from banks or ATMs.

As of summer 2018, the number of compromised crypto exchange accounts skyrocketed by 369%. 

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05 November, 2018 16:06

← Taiwan revises legislation to cover crypto transactions

Taiwan revised and amended the existing rules striving to enable financial authority to fight against anonymous crypto transactions. Taiwanese government during the Legislative Yuan expanded the legislation last Friday, so now crypto transactions are subject to the anti-money laundering and terrorism funding prevention regulation. The Financial Supervisory Commission can require KYC data provided by investors from crypto exchanges.

Taiwan revises legislation to cover crypto transactions

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05 November, 2018 13:34

US dollar mainly firm, market remains focused on US-China conflict →

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US dollar mainly firm, market remains focused on US-China conflict
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