Despite Crypto Downfall, Southeast Asian Countries Fast Turning into a Blockchain Hub
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Despite Crypto Downfall, Southeast Asian Countries Fast Turning into a Blockchain Hub
Southeast Asia is swiftly shaping into a blockchain hub, with most emerging and developed markets in the region firmly positioning themselves at the forefront by deploying blockchain-based products across a myriad of business verticals, reported The Asean Post on December 10, 2018. Beyond the Internet Boom While most uses of blockchain technology are relegated to cryptocurrencies or related businesses, governments and…. The post by Shaurya Malwa appeared first on , bitcoin, Blockchain & Cryptocurrency News
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Marcus Hutchins, the British security researcher who aided ailing Wannacry malware victims, including the UK’s National Health Service, arrested by the FBI in Las Vegas.
The security researcher who stopped the Wannacry malware attack by registering an internet domain that the malware communicated with has reportedly been arrested at an airport. According to emerging , Hutchins was arrested in Las Vegas as he was leaving the country after attending the Blackhat and Def Con conventions which are held annually for security researchers.
who were with him at the conventions say they do not know his whereabouts and have not heard from him for 18 hours. The , however, released the following statement:
Marcus Hutchins… a citizen and resident of the United Kingdom, was arrested in the United States on 2 August 2017, in Las Vegas, Nevada, after a grand jury in the Eastern District of Wisconsin returned a six-count indictment against Hutchins for his role in creating and distributing the Kronos banking Trojan.
Confusion and Coincidence Amid Arrest Details
Members of both cryptocurrency and cyber security communities have taken to Twitter to express their disbelief and confusion:
I really hope this is a mistake. Guardian: “indictment filed on behalf of the Eastern District Court of Wisconsin”
Motherboard was the to break the story, where there still seemed to be confusion about quite what had happened. In an e-mail to the publication, a U.S. Marshals spokesperson stated:
My colleague in Las Vegas says this was an FBI arrest. Mr. Hutchins is not in U.S. Marshals custody.
Ironically, hours after Hutchins was arrested, more than $130,000 worth of the bitcoin ransom taken by the creators of appear to have been tumbled through a mixer for withdrawal. This marks the first movement of the coins on the bitcoin network since the attack.
It is important to note that there is absolutely nothing to suggest that the withdrawal is in any way connected to Hutchins’ arrest.
The Kronos Malware
The Kronos malware was spread through emails with malicious attachments, hijacking credentials such as internet banking passwords and other such sensitive information. Malware such as Kronos and Wannacry are increasingly getting media attention and look set to be at record numbers in 2017 released by antivirus companies are to be believed.
What are your thoughts on this? Is Marcus Hutchins’ arrest possibly only a case of guilt by association? Let us know in the comments below.
