US Offers Reward For Capture Of Retailer Of Cryptolocker Related Botnet

The U.S. State Department has announced a reward of up to USD $3 million1 for information leading to the arrest and/or conviction of Russian national Evgeniy Mikhailovich Bogachev. Bogachev is wanted by the FBI for numerous alleged cybercrimes including an association with a botnet named Gameover ZeuS. Continue reading


  1. Payable in bezzlars, not bitcoin. 

Half Million Dollar Ransom Made In Bitcoin

For one Canadian expatriate the term "Ransomware" has taken a more literal turn. According to The Tico Times Ryan Piercy was allegedly kidnapped and held for roughly a month by attackers who demanded a half million dollar ransom to be paid in Bitcoin. Piercy arrived home Saturday via taxi, so if Piercy was indeed held for ransom it seems incredibly likely the ransom was paid and the scheme worked as advertised.

Court: No Surveillance Records for FBI Terrorist

The United States Supreme Court without comment denied Adel Daoud, a 21 year old FBI trained terrorist, access to secret court orders which authorized electronic surveillance against him. Without access to the documents authorizing surveillance under the Foreign Intelligence Surveillance Act there is no practical means for Daoud to mount a legal defense against the legality of the surveillance he was placed under. Daoud was arrested for triggering a device outside of a Chicago bar which was provided to him by the FBI and which the FBI swears they told him was a bomb. Continue reading

US Political Crisis May Impoverish Homeland Security Department

The New York Times reports that a legislative impasse in the United States Congress might leave the Department of Homeland Security without funds. If this comes to pass, roughly 30,000 employees in mostly administrative positions will be furloughed while the remaining 200,000 employees deemed "critical" would be compelled to report for work as normal. The "critical" employees would be working without the expectation of receiving a pay check.

Micon Details The Operational Security Concerns Of Seals With Clubs

Bryan Micon of Seals with Clubs has released a video in which he details some of the previously unknown "operational security" concerns which forced the site offline earlier this month.

Micon alleges that on the 11th of February, armed gaming agents acting for the Nevada Gaming Commission knocked on his front door with a sledge hammer and pointed guns at him in order to serve a search warrant for his involvement with SwC and Bitcoin poker. Micon further alleges that much of his electronic equipment was stolen despite not being charged with a crime. Continue reading

Midlothian, IL Police Department Pays Bitcoin Ransom

The Chicago Tribune reports that the Midlothian Police Department paid a ransom last month in order to regain access to police files and backups encrypted by the ransomware known as Cryptoware. The Village of Midlothian obtained the bitcoins by way of sending a money order to a New York Bitcoin cafe1 after attempts to wire the money via Bank of America failed. Continue reading


  1. Possibly coincafe.com but not confirmed. 

The Dangers of Bitcoin Trapping

A place where an illegal transaction happens, such as a drug deal has come to be known as “the trap spot”. In those moments when both parties meet anyone can run up on the participants and cause pandemonium to erupt. Due to the untrustworthy dealings of Coinbase and Bitstamp, the best method for acquiring Bitcoin is through old fashioned OTC trade. However speculation of the dangers of trapping has become reality for unlucky individuals in New York City. The Observer reported a crime wave in which victims have been robbed at gunpoint for their coins. Continue reading

USMS Announce Yet Another Bitcoin Auction

The United States Marshals Service has announced yet another auction for an amount totalling 50,000 BTC which were seized during the 2013 Silk Road bust.

The amount of bitcoin on offer, available blocks1 and deposit requirements mirror that of the last auction which was held in December of 2014. It is not yet known if Tim Draper, whose Sillycon Valley condo languishes for sale will make a big show of announcing his intention to bid. Continue reading


  1. Series A = 10 blocks @ 2000 BTC, Series B = 10 blocks @ 3000 BTC 

Vermont Bitcoin ATM Cease and Desist Requested

On January 12th Blu-Bin, a Burlington-based 3D printing business, received a cease and desist letter asking for the shutdown of the state's only Bitcoin ATM. The number of Bitcoin ATMs throughout the world is booming significantly, although concerns of the privacy of the individuals using these machines have arisen. The US has attempted to heavily regulate Bitcoin ATMs with KYC, thus usage of one sometimes requires personal data such as a social security number, a palm print or taking a picture of the user's face. Continue reading