Cryptojackers Who Hacked $2M USD In Crypto Arrested In China

Crime, News | July 10, 2018 By:

Chinese authorities have arrested 20 individuals for allegedly hacking millions of computers and generating $2.2 million in illicit cryptocurrency mining profits.

According to local news outlet Legal Daily, Chinese law enforcement agencies started investigating the case after the security team at tech giant Tencent alerted the Weifang City Public Security Bureau about a mining script hidden in freely-downloadable Internet browser plugins.

 Read more  »

Philippines’ Economic Zone To Issue 25 Crypto Licenses

News, Regulation | July 3, 2018 By:

Raul Lambino, Administrator and CEO of the Philippines’ Cagayan Economic Zone Authority (CEZA), has revealed plans to issue 25 licenses to cryptocurrency firms.

CEZA is a government-operated economic zone in the northern tip of the Philippines. It is a major trans-shipment point for trade in the Asia-Pacific rim due to its strategic location between the Pacific Ocean and the West Philippine Sea.

 Read more  »