Robbers Stormed Into Hostel Room & Stole Student’s Bitcoins, Victim’s Mother Demands Justice 0 44

A student in London, studying in the Kent University, was robbed by 8 knife-robbers in broad day light in his own hostel room. Apparently, the student robbed was the owner of lead crypto coin i.e. Bitcoin and evidently the robbers knew about his Bitcoin holding and forcefully obtained his digital wallet credentials for stealing his Bitcoins. After the incident, the student has went to his home because he was in trauma.

A traumatic event of robbery has occurred to a student who was studying in Kent University of London, UK. It was informed by the robbed student’s mother that her son’s hostel room was stormed by at least 8 robbers. When they made forced entry to the student’s premises they immediately took him hostage.

According to student’s mother, a week before her son started his tuition at the university, he developed interest in cryptocurrencies. She told that some of his friends were interested in cryptocurrencies and crypto craze grew upon her son as well. However, initially, the discussion between her son and his friends was very much limited to digital currencies. But later, it turned into rather more serious talk and during the discussions her son confessed that he owned Bitcoins.

The mother therefore suspects the friends of her son who knew that her son was owner of cryptocurrencies. She is complaining that at least 8 persons made forced entry into her son’s hostel room. They were the alleged friends of her son who then took him hostage and stole his crypto funds.

The student, who was robbed, has informed that in his possession there were Bitcoins worth about GBP 6,000 (approximately US$ 8,200). However, this price only reflects the value of Bitcoin at the relevant time. As of today, the BTC funds stolen from the student worth around US$ 93,000 approximately.

The student further reveals that he is certain that amongst the 8 robbers was one of his close friends. He said that except for his friend, no one else knew about his Bitcoin wealth.

He describes the incident to be most horrifying because when robbers entered the premises, they quickly jumped on him. Two of them grabbed him from his arms while one pointed out knife at his throat and said that he will slit open his throat. He was so scared that he offered them to take whatever they wanted. The robbers first searched his room and stole GBP 3,000 which the student was to pay to the university as tuition fee. They then came to him and asked him to reveal credentials of his Bitcoin wallet. At first he that he owned but they said they knew he owned Bitcoins and insisted him to give them his Bitcoins. At last he gave up and gave them what they needed.

After robbing him, the robbers left and the student first made a call to police and then rushed to University security. He told the incident to police as well as to the University, but neither of the two took any action. Instead, the University advised the victim to change his accommodation. However, his mother is angry perhaps after coming to know that her son was owner of something priceless. She is insisting on the authorities to take up the matter once again and give justice to her son.

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Sentenced ‘Bitcoin Czar’ Named Among Pandora Papers 0 9

Juts couple of days ago ICIJ published its new research about some of the world’s top leaders’ and influential peoples’ stories of financial misconducts.  The reports by ICIJ also argued that “Bitcoin czar” may have been the member of the Carbanak hacking group. The International Consortium of Investigation Journalists (ICIJ) have also discussed the crypto criminal in their new leaks called “Pandora Papers.’

The ICIJ’s Pandora Papers have claimed “Bitcoin czar” a famous criminal who masterminded the largest “cyberheist in history” own the offshore assets. However, the Pandora Papers also said that those offshore assets being managed by a third independent firm.

Pandora Papers have exposed how some of the world’s most influential people have hidden their wealth. Where those papers have exposed world’s top 300 politicians and businessmen. The report has also discussed the operations of hacker group Carbanak. The cybergang according to the reports have stolen around $1.24 billion from financial institutes and the digital crypto exchnages as well. The network operated over more than 100 countries from 2013 to 2017.

However, the most famous arrest of this network’s members came in 2018, when the authorities finally managed to arrest the master mind Denis Tokarenko (also known as Denis Katana), and many people have voiced that Pandora Papers indirectly called his name.

The reports published by the Bloomberg’s business research and network team concluded that at the time of Tokarenko’s arrest back in the month of March 2018, the Spanish National Police recovered 15,000 Bitcoin (BTC), worth $162 million from his possession. This is history’s biggest crypto scam till today.

The illegal approach adopted by the Tokarenko did not just end here. The Chief inspector of the Spanish police, Carlos Yuste also told the sources that Tokarenko also purchased a bitcoin mining system in China. He used his mining system to launder his illegal Bitcoins as well.

Despite the fact that Pandora Papers have not directly covered the crypto thefts and other cyber-attacks, but these papers have partially included the incidents from digital trading as well. This leads to the future possibility the ICICJ might decided to open up about the digital thefts and cybercrimes incidents as well.

But the fact is that Pandora Papers have provide quite the useful insight about the some of world’s most famous cyber-attacks on the recent time. If authorities decided to put investigate these facts, then there might be multiple people who find them behind the bar. The primary issue regarding the cyber-attacks culprits is that majority of them gets away because of the lack of the profs. The only notable person who was sent to prison on committing a cybercrime was former Rizal Commercial Banking Corporation employee Maia Santos Deguito.

Uzbekistani Citizens Warned Against the Use of Unauthorized Exchanges 0 9

The government of Uzbekistan has been quite proactive when it comes to the use of crypto exchanges. As most of you may know, there has been a fair bit of commotion in the crypto world and most of it exists because of the regulations being implemented by a large number of governments. While some people are not in the favor of these regulations, many people, including a large number of crypto experts believe that they will be quite handy.

This is because regulating crypto will ensure that people don’t have to worry about false transactions, scams, frauds, and a large number of other issues prevalent in the world of crypto. The government of Uzbekistan has been especially quite determined to eliminate crypto-related corruption in the country. One of the first steps that the country has taken is to make sure that people in the country steer clear from making transactions with unauthorized exchanges.

For those who don’t know, there are loads and loads of exchanges operating in Uzbekistan and other countries in the world. Sure, not all of them are unauthorized but you will be surprised to learn that a large number of them happen to not be authorized.  What makes things so complicated is the fact that knowing which exchange is legit and which one isn’t can be quite challenging. This is because most exchanges, if not all, look one in the same and it is difficult for people to tell them apart.

This is one of the main reasons why the government of Uzbekistan has stepped in and tried to take matters into its own hands. One of the main aims of this exchange is to make sure that people do not have to worry about checking which exchange they would choose to invest crypto in. Instead, the government has been helping people quite a bit by creating teams just for the purpose of checking these exchanges.

In addition to that, the Uzbekistani government has also issued a notice against unauthorized crypto exchanges, stating that using them could result in serious action. Upon checking some of the exchanges operating in Uzbekistan, it was learned that there were more than 5 of them that did not have their own offices in the country. Instead, research teams found out, after a thorough investigation that these unauthorized exchanges were operating from somewhere else.

This was enough to suggest that the government is indeed hard at work to steer clear from crypto corruption in the country. Because of this, governments of other countries have also become quite proactive in order to eliminate any sort of corruption to keep investors safe.

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