Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Comments
Florida Sting Nabs Alleged Bitcoin Money Launderers
Oldest First  |  Newest First  |  Threaded View
Page 1 / 2   >   >>
Thomas Claburn
50%
50%
Thomas Claburn,
User Rank: Ninja
2/10/2014 | 4:32:20 PM
Chromebooks have arrived
When the crypocurrency crowd starts using Chromebooks, that's a sign they approve of the security model.
Gary_EL
50%
50%
Gary_EL,
User Rank: Apprentice
2/11/2014 | 12:15:27 AM
The Purpose of Bitcoins
Aside for making it easier for spouses to keep secrets from each other, what is the purposes of Bitcoin, other than to attempt to hide criminal activity or to commit tax fraud of one type or other??
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Ninja
2/11/2014 | 3:41:45 AM
Re: The Purpose of Bitcoins
@Gary: And, for that matter, why are people complaining about things like the Patriot Act and secret FISA courts and widespread NSA phone and email surveillance?  What are these people hiding?

ಠ__ಠ
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Ninja
2/11/2014 | 3:44:27 AM
Re: Chromebooks have arrived
@Thomas: How big an endorsement is this really, though?  After all, he got arrested.  ;)
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Ninja
2/11/2014 | 3:55:14 AM
Hmm...
FWIW, I have to wonder about the moral and legal implications of the setup here on Reid and Espinoza, and what was really going on.  It appears, from the description in the article of the chronology of events, that Reid was not told about the "stolen credit card numbers" until the second meet.  And that (if I am understanding correctly) he was not explicitly told that the money he was changing came directly from stolen credit card numbers until the third meet.

So imagine if you're a totally innocent person in that situation.

Imagine thinking, "Oh, crap, this guy's a criminal.  And I've already done business with him and changed money for him.  And he knows me."

Would you be brave enough to say no?

Maybe I'm being more of an apologist than Reid and Espinoza deserve.  Maybe they're truly bad guys and they were all too happy to help launder money for profit.

Regardless of the situation with these two particular defendants, however, this sequence of events suggests that officials just wanted a bust -- and didn't care if they got a "real" bad guy or just a scared innocent in over his head.
Whoopty
50%
50%
Whoopty,
User Rank: Ninja
2/11/2014 | 8:16:17 AM
Impact
I wonder what impact this news had on the current bitcoin value slump compared to the Mt Gox halting of withdrawals? 
Ariella
50%
50%
Ariella,
User Rank: Apprentice
2/11/2014 | 8:50:59 AM
Re: Impact
@Whoopty it's still worth far more than it was this past summer, and if you had bought it earlier, you'd have made an even bigger killing. However, the huge fluctuations that can make it appealing as an instrument of speculation are not working in favor of it becoming adopted as a mainstream currency. 
Lorna Garey
50%
50%
Lorna Garey,
User Rank: Ninja
2/11/2014 | 2:14:39 PM
Re: Impact
Exactly - Bitcoins seem more akin to buying a stock than to currency. Even that analogy is flawed though because a share of stock, like a greenback, has something behind it, even if that "something" is an intangible "full faith and credit" promise that the GOP House doesn't seem to think means much.

What exactly is behind a Bitcoin?
Ariella
50%
50%
Ariella,
User Rank: Apprentice
2/11/2014 | 2:33:30 PM
Re: Impact
@Lorna

Satoshi Nakamoto (though that is not the real name) is the creator of Bitcoin.  His Bitcoin: A Peer-to-Peer Electronic Cash System laid the groundwork for the system.  What is particularly telling is the reference to trust at the end: "We have proposed a system for electronic transactions without relying on trust."  Bitcoin, does, nevertheless, seem to indicate a form of trust in numbers, or, more precisely strength in numbers, for that is the translation of  "Vires in Numeris," the motto that appears on Casascius. Coins. 
Lorna Garey
50%
50%
Lorna Garey,
User Rank: Ninja
2/11/2014 | 2:37:23 PM
Re: Impact
So in other words, it's a reverse pyramid scheme?
Page 1 / 2   >   >>


COVID-19: Latest Security News & Commentary
Dark Reading Staff 9/25/2020
Google Cloud Debuts Threat-Detection Service
Robert Lemos, Contributing Writer,  9/23/2020
Shopify's Employee Data Theft Underscores Risk of Rogue Insiders
Kelly Sheridan, Staff Editor, Dark Reading,  9/23/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-24565
PUBLISHED: 2020-09-29
An out-of-bounds read information disclosure vulnerabilities in Trend Micro Apex One may allow a local attacker to disclose sensitive information to an unprivileged account on vulnerable installations of the product. An attacker must first obtain the ability to execute low-privileged code on the ...
CVE-2020-25770
PUBLISHED: 2020-09-29
An out-of-bounds read information disclosure vulnerabilities in Trend Micro Apex One may allow a local attacker to disclose sensitive information to an unprivileged account on vulnerable installations of the product. An attacker must first obtain the ability to execute low-privileged code on the ...
CVE-2020-25771
PUBLISHED: 2020-09-29
An out-of-bounds read information disclosure vulnerabilities in Trend Micro Apex One may allow a local attacker to disclose sensitive information to an unprivileged account on vulnerable installations of the product. An attacker must first obtain the ability to execute low-privileged code on the ...
CVE-2020-25772
PUBLISHED: 2020-09-29
An out-of-bounds read information disclosure vulnerabilities in Trend Micro Apex One may allow a local attacker to disclose sensitive information to an unprivileged account on vulnerable installations of the product. An attacker must first obtain the ability to execute low-privileged code on the ...
CVE-2020-25773
PUBLISHED: 2020-09-29
A vulnerability in the Trend Micro Apex One ServerMigrationTool component could allow an attacker to execute arbitrary code on affected products. User interaction is required to exploit this vulnerability in that the target must import a corrupted configuration file.