German police arrest Bitcoin hackers

Share this article:

Two suspects were arrested in Germany this week after allegedly hacking computers and remotely controlling them to mine more than $954,000 in bitcoins.

The hackers used malware to create a botnet, which then stole digital identities and generated the virtual currency. Police searched the suspects' homes and reportedly found evidence of additional hacking operations, fraud, copyright law violations and pornographic texts.

Although only two people were arrested, German police suspect the involvement of a third member. The suspects await trial while police examine the seized evidence, which includes their computers and storage media.

Within Germany, bitcoins are allowed to be used for private transactions, but companies must obtain permission through the nation's Federal Financial Supervisory Authority.

Share this article:

Sign up to our newsletters

More in News

In Cisco probe, misuse or compromise spotted on all firms' networks

In Cisco probe, misuse or compromise spotted on ...

Cisco analyzed the business networks of 30 multinational companies last year, and revealed the findings in its 2014 Annual Security Report.

Fareit trojan observed spreading Necurs, Zbot and CryptoLocker

The Necurs and Zbot trojans, as well as CryptoLocker ransomware, has been observed by researchers as being spread through another trojan, known as Fareit.

Post Heartbleed, tech giants join initiative to bolster open source

Post Heartbleed, tech giants join initiative to bolster ...

The newly formed Core Infrastructure Initiative, created to boost under-funded open source projects, will tackle OpenSSL first.