Tag: bitcoin theft

Man Who Posed in Tub Full of Cash to Plead Guilty in Bitcoin Theft Case
Technology

Man Who Posed in Tub Full of Cash to Plead Guilty in Bitcoin Theft Case

[ad_1] An Ohio man who posed in a tub full of cash is scheduled to plead guilty after he was charged with remotely stealing Bitcoin stored on a computer device the government seized in a case against his older brother. An Ohio man who posed in a tub full of cash is scheduled to plead guilty after he was charged with remotely stealing Bitcoin stored on a computer device the government seized in a case against his older brother. Gary Harmon, 31, is to appear for a “plea agreement hearing” in federal court in Washington, DC, on Dec. 22, court records show. Harmon was charged after 713 digital tokens, then worth almost $5 million, disappeared from a hardware wallet in an Internal Revenue Service evidence locker as authorities watched helplessly. An attorney for Harmon and a spokesman...
Cryptoverse: Hack jitters push bitcoin investors back to the future
Technology

Cryptoverse: Hack jitters push bitcoin investors back to the future

[ad_1] The global hardware wallet market, valued at $245 million in 2021, could reach well over $1.7 billion by 2030. It's not easy being a crypto investor. They've seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that's seen around $2 billion spirited away by hackers.Enter the ghost of technology's past. Hardware wallets - old-school physical devices similar to USB drives that stash crypto holdings offline - might seem a throwback to a more innocent digital age, but they're proving to be a popular response to a cutting-edge conundrum. The global hardware wallet market, valued at $245 million in 2021, is expected to swell to over $1.7 billion by 2030, according to market research firm S...