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Hacker Group: Pay Bitcoin Ransom or We’ll Release 9/11 Papers

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TheDarkOverlord, the hacking group that got popular for releasing episodes of the hit TV series Orange is the New Black, has surfaced again, this time they claim to have stolen information related to the 9/11 attack on the World Trade Center back in 2001, per reports on Motherboard.

According to an update posted on Twitter on New Year’s Eve, the group claims to have stolen thousands of documents from insurance firms such as Lloyds of London, Silverstein Properties, and Hiscox Syndicates. They are now threatening to publish the contents of the files which it claims would “provide answers” to some of the conspiracy theories concerning the attack if their ransom demands aren’t met.

We’ll be providing many answers about 9.11 conspiracies through our 18.000 secret documents leak from @HiscoxComms and others #thedarkoverlord #911hacked #hacking #leak #cybercrime

A spokesperson for the Hiscox Group gave confirmation of the hack, stating that the hackers had been able to gain access to the confidential files of a law firm that advised the company and had most likely gotten litigation files that were related to the terrorist attack.

Speaking with Motherboard, the spokesperson said:

The law firm’s systems are not connected to Hiscox’s IT infrastructure and Hiscox’s own systems were unaffected by this incident. One of the cases the law firm handled for Hiscox and other insurers related to litigation arising from the events of 9/11, and we believe that information relating to this was stolen during that breach.

According to the report, the group had posted letters and email correspondence online, mentioning various law firms, the Federal Aviation Administration and the Transport Security Administration. They released a link to an archived file containing the documents they reportedly stole. Although it’s still encrypted, they have given notice of their intention to release the appropriate decryption keys unless ransom payment is made in Bitcoin.

TheDarkOverlord is also blackmailing individuals and companies whose details are included in the documents, demanding that they make the required payments if they would like to exclude their names from the documents. The Motherboard article quoted a demand letter sent by the hackers, where they threatened to bring down multiple companies.

If you continue to fail us, we’ll escalate these releases by releasing the keys, each time a Layer is opened, a new wave of liability will fall upon you.

Hiscox has however noted that publishing insurance-related information isn’t going to yield much.

source:cryptoking

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India’s proposed crypto ban is ‘corrupt’ says Tim Draper

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  • India’s proposed bill is “pathetic and corrupt,” Tim Draper.
  • Draper is known for his public support for Bitcoin and freedom to use cryptocurrencies.

Following a leaked bill from the India government proposed a blanket ban on cryptocurrency, Tim Draper, a Bitcoin support and investor in Tezos has come out to condemn the move. The outspoken investor has recently advocated Bitcoin to the government of Argentina. He refers to India’s proposed bill as being “pathetic and corrupt.”

He wrote on Twitter:

“People behaving badly! India’s government banned Bitcoin, a currency providing great hope for prosperity in a country that desperately needs it. Shame on India leadership.”

His comments have not been received well by the people on Twitter with some saying that Draper has not confirmed the developments and is acting on hearsay only. Draper is known for his public support for Bitcoin and freedom to use cryptocurrencies and does not support government involvement in terms of regulating the space.

As reported by FXStreet, a lawyer in India shared what he referred to as the evidence of a draft law that could be used to ban cryptocurrencies in India except for the ‘Digital Rupee,” a digital asset that will be issued and backed by the Reserve Bank of India.

More on India’s leaked draft bill: India’s battle with crypto ban continues: “Digital Rupee” to be only the digital currency

source:.fxstreet.

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indian Crypto Lawyers Explain Their Take on the Alleged Bill Banning Crypto

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The draft of the alleged bill that banned cryptocurrencies has elicited a spectrum of reactions in the Indian community. Varun Sethi, the lawyer who uploaded the draft of the alleged bill shared his reaction on the same today.

He stated that, the source of the document was unknown so it was hard to verify its authenticity. He said, “Even if the document doing the rounds, is penned by the government, it is still a draft of the proposed bill. Chances are that, it might not even go through.”

Calling out the definition of cryptocurrencies stated in the document saying it was inane, Sethi said that if the Indian government follows the wording to the letter, it will mean a huge repercussion. He said, “We did not expect them to say cryptocurrencies are legal tender, but atleast they could have added the definition for crypto-assets, which is not there.”

He brought attention to the ‘most controversial part‘ of the alleged bill- Section 8, which said that, “No person shall mine, generate, hold, sell, deal in, issue, transfer, dispose of or use cryptocurrency in the territory of India. Nothing in this Act shall apply to any person using technology or processes underlying any cryptocurrency for the purpose of experiment or research, including imparting of instructions to pupils provided that no cryptocurrency shall be used for making or receiving payment in such activity. Nothing in this Act shall apply to the use of Distributed Ledger Technology for creating a network for delivery of any financial or other services or for creating value without involving any use of cryptocurrency for making or receiving payments.”

Apart from Varun Sethi, the lawyers at Crypto Kanoon also shared their take on the alleged bill. Kashif Raza, one of the co-founders of Crypto Kanoon stated that, it is difficult to verify the authenticity of the document, given that it has not signed by any government official. They further opined that it has probably been written by an expert.

Mohammad Danish, who is the legal advisory at Crypto Kanoon said, “There are two objectives to the document. 1) To ban the use of cryptocurrency and 2) To introduce an official digital currency.”

Source: crypto-news.in

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A group of investors sue diamond-backed crypto Ponzi scheme, Argyle Coin

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A group of Venezuelan investors files a lawsuit against crypto Ponzi scheme, Argyle Coin.

Another day another Ponzi scheme in the crypto space. This time a supposedly diamond-backed cryptocurrency, Argyle coin that faces legal lawsuits from their investors.

The creators are Jose Angel Aman, Harold Seigel and his son, Jonathan Seigel, who are already involved in other lawsuits related to their diamond companies, Natural Diamonds and Eagle Financial.

According to the report, the plaintiffs are a group of Venezuelans, who admitted being amateur investors. They were enticed to pour their money into the $30 million Ponzi scheme after being promised of a 24% return from buying and cutting raw diamonds.

Initially, they invested in Eagle Financial that claims to make lots of money through high-end diamond trading, as reported by The Next Web.

When the money ran out, Aman and his accomplices created Argyle Coin to keep the money in. Turned out, the digital asset was never developed. The money was used to pay earlier investors of the 2 previous companies and to fund the creators’ lavish lifestyle.

Aside from the Venezuelans investors, Argyle Coin and the creators also faced the lawsuit from the Securities and Exchanges Commission (SEC) to cease trading and freeze their accounts, which also halted their planned ICO.

Source: chepicap

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