Two arrested, bitcoins seized in German fraud probe

December 4, 2013

German police say they have arrested two people and seized illegally generated bitcoins worth more than 700,000 euros ($950,000) in an investigation of computer fraud.

The Federal Criminal Police Office said Wednesday it staged searches earlier this week in an investigation of three people suspected of manipulating existing malware and spreading it over the Internet, creating a remotely controlled network of compromised computer systems.

Police say the perpetrators used the of the hacked computers to generate bitcoins, a cryptography-based digital currency. They also are investigating further suspected , violations of and offenses related to the distribution of pornography.

They gave no details on the two people who were arrested Monday, one in the southern state of Bavaria and the other in Lower Saxony, a northern region.

Explore further: Man arrested in UK over alleged computer hacking

Related Stories

UK police arrest 6 people in phone hacking probe

February 13, 2013

(AP)—British police investigating computer hacking and privacy offenses by the media have arrested six people allegedly involved in intercepting voice mails for the defunct News of the World tabloid.

Operation Zombie arrests teen hacker in Argentina

September 13, 2013

(AP)—Argentine police say they have arrested an alleged 19-year-old hacker on suspicion of leading a network specialized in fraud and complex financial transactions that led to security breaches at numerous websites.

Australian claims huge bitcoin robbery

November 8, 2013

An Australian man claimed Friday to be the victim of a massive bitcoin robbery, saying hackers had stolen more than one million dollars of the digital currency from his website.

Bitcoin rises above $1,000

November 27, 2013

The virtual currency bitcoin Wednesday broke above $1,000 per unit, quintupling in a month, according to Mt. Gox, which manages trading in bitcoin.

Recommended for you

MIT's flea market specializes in rare, obscure electronics

September 25, 2016

Once a month in the summer, a small parking lot on the Massachusetts Institute of Technology's campus transforms into a high-tech flea market known for its outlandish offerings. Tables overflow with antique radio equipment, ...

Indonesia struggles to tap volcano power

September 25, 2016

Columns of steam shoot from the ground at an Indonesian power plant sitting in the shadow of an active volcano, as energy is tapped from the red-hot underbelly of the archipelago.

Hyperloop pushes dream of low-cost futuristic transport

September 23, 2016

Is it a plane, is it a train? No, say supporters of Hyperloop, a futuristic mode of transport floated by Silicon Valley billionaire Elon Musk that promises high-tech, high-speed and cheap travel over long distances.

First test of driverless minibus in Paris Saturday

September 24, 2016

The French capital's transport authority will on Saturday carry out its first test of a driverless minibus, in the hope that regular routes for the hi-tech vehicles will be up and running within two years.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.