Bitcoin – Page 3 – Network Securitas

December 26, 2017

Skyrocketing Bitcoin Fees Hit Carders in Wallet

This post was originally published on this siteCritics of unregulated virtual currencies like Bitcoin have long argued that the core utility of these payment systems lies in facilitating illicit commerce, such as buying drugs or stolen credit cards and identities. But recent spikes in the price of Bitcoin — and the fees associated with moving funds into and out of it — have conspired to make Bitcoin a less useful and desirable payment method for many crooks engaged in these activities. Bitcoin’s creator(s) envisioned a currency that could far more quickly and cheaply facilitate payments, with tiny transaction fees compared […]

January 11, 2018

Bitcoin Blackmail by Snail Mail Preys on Those with Guilty Conscience

This post was originally published on this siteKrebsOnSecurity heard from a reader whose friend recently received a remarkably customized extortion letter via snail mail that threatened to tell the recipient’s wife about his supposed extramarital affairs unless he paid $3,600 in bitcoin. The friend said he had nothing to hide and suspects this is part of a random but well-crafted campaign to prey on men who may have a guilty conscience. The letter addressed the recipient by his first name and hometown throughout, and claimed to have evidence of the supposed dalliances. “You don’t know me personally and nobody hired […]