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129 million Russian car owners’ data sold for Bitcoin

Setback for leading crypto as it increasingly shakes off early affiliations

Russian

Hackers are selling the personal information of 129 million Russians on the darkweb for cryptocurrency.

The stolen data is thought to have leaked from the registry of the General Administration for Traffic Safety of the Ministry of Internal Affairs of Russia and has since been verified as authentic by an employee of a Russian car sharing company.

The leaked data is being sold for 0.3 BTC, which equates to around $2859 at the time of writing, while the hackers are also offering “exclusive” data for 1.5 BTC.

The use of Bitcoin in such a prominent and wide ranging criminal act is a setback for the world’s most popular cryptocurrency.

Having often been disparaged as a tool for drug dealers and money launderers throughout its early existence, Bitcoin’s reputation has changed in recent years. Tougher regulations, a number of high profile criminal cases and increased interest from institutional investors have helped the crypto shake off its such associations.

That is not to say however, that neardowells are no longer attracted by the privacy and security afforded by cryptocurrency technology.

In March, the usernames and passwords of 266,00 Trident Crypto Fund users were stolen after the cryptocurrency fund suffered a significant security breach.

Not all hackers seek to make a major profit from their deeds. Last month, reports emerged that hackers were selling the profile information of half a million users of the popular video conferencing site, Zoom.

FURTHER READING: Bitcoin Cash price analysis: buyers have the upper hand above $218.00 level

FURTHER READING: German economy suffers worst contraction since the financial crisis

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