Russian Hacking Dependent on Bitcoin: Price Unaffected Thus Far

Written by:
Guest
Published on:
Jul/13/2018

US Deputy Attorney General Rob Rosenstein announced Friday afternoon a series of bombshell indictments related to alleged Russian meddling in the 2016 US Presidential elections.  The indictment claims the scheme was dependent on the cryptocurrency bitcoin.

It was those bitcoin transactions that apparently contributed to the hackers getting caught.

"To hide their connections to Russia and the Russian government, the Conspirators used false identities and made false statements about their identities," Special Counsel Robert Mueller wrote in the indictment. "To further avoid detection, the Conspirators used a network of computers located across the world, including in the United States, and paid for this infrastructure using cryptocurrency."

The price of bitcoin did not appear to be affected by the news as it hovered around the $6200 mark.

The Russians conspired to launder somewhere around $95,000 through cryptocurrency transactions as a means of purchasing infrastructure the hackers used to conduct their campaign, Mueller alleged. The Russian officials did so to "capitalize on the perceived anonymity" of cryptocurrencies like bitcoin.

"The use of bitcoin allowed the Conspirators to avoid direct relationships with traditional financial institutions, allowing them to evade greater scrutiny of their identities and sources of funds," Mueller wrote.

- Jagajeet Chiba, Gambling911.com

Business/Financial News

How To Become A Sports Bookie Through A Pay Per Head Service

How To Become A Sports Bookie Through A Pay Per Head Service

Achieving your dream of owning your own sports bookie agency is now possible through our Top Pay Per Head service.

Getting the Most Out of Your PPH Service

Getting the Most Out of Your PPH Service

Now that sports betting has become every day, ordinary topic of discussion on popular sports stations like ESPN, TSN and pretty much every local sports provider on television, it’s time to cash in.

7 Reasons Why You Should Use Bookie Software to Run Your Sportsbook

Today it’s possible to run a world-class sportsbook even if you’re a one-man-show. You can actually rival most online sportsbooks by using bookie software to run every aspect of your operation.

Online Bookie Tips: Best Future Bets For The 2017 NCAA Football Season

Online Bookie Tips: Best Future Bets For The 2018 NCAA Football Season

This College Football Season is going to be the best season yet. Agents are panicking to get in on the action. Don’t miss out, get the best PH software now!

More Than $90 Billion Wiped Off Bitcoin's Value

The EFT was proposed by VanEck and SolidX.  VanEck has pushed for this on two previous occasions and failed.

Syndicate