A thief buys bitcoins with Apple Pay and stolen cards

An identity thief was able to purchase nearly $ 100,000 worth of bitcoin, and more than $ 600,000 worth of luxury goods, using stolen credit cards and Apple Pay. 

This was reported by Apple Insider , which tells the story of Aaron Laws, of Atlanta, who bought more than 500 credit card numbers stolen on the dark web, and then entered them on mobile phones equipped with Apple Pay and thus make purchases without being in possession. physical cards. 

According to MarketWatch, Laws also implicated several other people in the scam, including his childhood friends Dennison Ellis and Jeffrey Mayfield.

The purchases took place between February 2017 and December 2018, online but also in the Apple Store and jewelers.

Also on August 23, 2017, Laws bought bitcoin investing $ 93,000 . At the time, one BTC was worth around $ 4,000, so the roughly 23 BTC that Laws bought in 2017 would be worth more than $ 700,000 today. 

The news has only just been released because Laws’ sentence of three years in prison and the return of $ 624,000 has become public .

However, the thief pleaded guilty, admitting he made many bad decisions. He also revealed that he struggled with depression and substance abuse after a knee injury prevented him from playing college basketball.

Accomplices Ellis and Mayfield also pleaded guilty, and were sentenced to jail, and to the restitution of $ 283,000 and $ 181,000 respectively.

Is Apple Buying Bitcoin? The indiscretions

Meanwhile, news has spread on social networks that Apple has invested 2.5 billion dollars to buy bitcoin, and is about to reveal it. 

However, there are strong doubts about the reliability of this news, for several reasons. 

For one thing, they are not from reliable sources, and have not been confirmed by the company. 

Furthermore, the same sources that have disseminated them online have not disclosed what the original sources would be, and indeed they joked about it as if it were actually a hoax. 

Finally, the original news claimed that the announcement would be released on Monday, but this did not happen. 

Despite this, it has not even been denied by the company, so the hypothesis of a bitcoin purchase cannot yet be completely ruled out. Also because recently other rumors have also been circulating regarding the hypothesis that Apple could enter the crypto sector, for example with its own exchange, or with services related to payments, in particular after a recent announcement of research of Bitcoin experts.

To this it should be added that a few days ago the co-founder of Apple, Steve Wozniak, expressed strongly favorable opinions towards Bitcoin.

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