in , ,

Hacker Refuses to Hand Police Password for Seized Wallet With $6.5M in Bitcoin

hacker-refuses-to-hand-police-password-for-seized-wallet-with-$6.5m-in-bitcoin

Throughout a two-year prison term, the man repeatedly refused to give wallet access to German authorities.

Hacker Refuses to Hand Police Password for Seized Wallet With $6.5M in Bitcoin

German authorities who seized a convicted hacker’s wallet containing over 1,700 bitcoin – worth at least $64.7 million at today’s prices – have hit a brick wall when trying to access the coins.

  • According to a German prosecutor cited by Reuters Friday, the convicted criminal is refusing to share the password that would allow the authorities to access the bitcoin.
  • The hacker was sentenced to an over two-year prison term for installing software on other people’s computers without permission in order to mine cryptocurrency.
  • He has now served the sentence and has consistently refused hand over the wallet password, despite multiple requests.
  • “We asked him but he didn’t say,” prosecutor Sebastian Murer told Reuters. “Perhaps he doesn’t know.”
  • Prosecutors have made sure the man cannot access the bitcoin trove after release, Reuters said without providing any further detail.

https://www.coindesk.com/hacker-refuses-to-hand-police-password-for-seized-wallet-with-6-5m-in-bitcoin

Leave a Reply

Your email address will not be published. Required fields are marked *

state-of-crypto:-how-will-the-government-react-to-gamestop?

State of Crypto: How Will the Government React to GameStop?

online-sleuths-believe-satoshi-nakamoto’s-bitcoin-stash-is-a-blockchain-treasure-hunt-meant-to-be-found

Online Sleuths Believe Satoshi Nakamoto’s Bitcoin Stash Is a Blockchain Treasure Hunt Meant to Be Found