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Tag Archives: Indian

Attackers Hijack Indian Government Websites to Mine Cryptocurrency

Hackers stole the processing power of several Indian government websites to mine cryptocurrencies, researchers found. Citizen portals such as that of the municipal administration of Andhra Pradesh (AP), Tirupati Municipal Corporation and Macherla municipality are among the hundreds of Indian websites that are found to be infected by cryptojacking malware. Cryptojacking, as the term indicates, allows hackers to access victims’ ...

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Hackers Find Goldmine by Cryptojacking Indian Government Websites

As the Indian government further complicates their stance on whether or not citizens should be allowed to trade and own cryptocurrencies, hackers have found a way to exploit government websites in order to make a fortune in cryptocurrency through a popular hack called cryptojacking. A team of security researchers have found that multiple government owned websites are being exploited to ...

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U.S. Asks Indian Authorities to Seize Property of BitConnect Promoters

News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running a Ponzi scheme before ceasing ...

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Two US States Implore Indian Authorities to Seize Property of BitConnect Promoters

Authorities from two U.S. states have implored the Criminal Investigation Department (CID) in India to seize the property of promoters of Bitcoin (BTC) investment firm BitConnect, the Times of India reported September 11. BitConnect, which ceased its operations in January of this year, was an open-source cryptocurrency and an investment program accused of being a Ponzi scheme. The accusations were ...

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Former Indian Politician Arrested in $1.3 Million Bitcoin Extortion Case

Former BJP MLA Nalin Kotadiya has been arrested for an alleged involvement with the kidnapping syndicate of Shailesh Bhatt. The Accusation Kotadiya, who was fingered as an accomplice during the interrogation of Kirit Paladiya in May this year had evaded arrest until Sunday, September 09. His arrest by the Ahmedabad Crime Branch police from Maharashtra’s Dhuliya was reported by ANI. ...

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Indian Regulatory Authorities Open to Common-Sense Cryptocurrency Regulation

India has had a turbulent relationship with cryptocurrencies throughout 2018, but as the country’s various fiscal and regulatory authorities begin to synchronize their views on the future of cryptocurrencies, they are further researching the best forms of cryptocurrency regulation. According to a report from Quartz India, India’s main market regulator, the Securities and Exchange Board of India (SEBI), has sent ...

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Indian Call Center Ring Duped Foreigners into Paying ‘Loan Tax’ in Bitcoin

A bitcoin fraud scheme has been unearthed in the Mumbai surburb of Mira Road. The scheme involved duping foreigners into parting with their money by informing them that they were behind in tax payments, according to the Hindustan Times. Based on the personal financial information they had obtained from their victims including loan arrears and take-home salaries, perpetrators of the ...

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Indian State Government Will Issue Birth Certificates on a Blockchain

Two local governments in West Bengal, India are integrating the application for birth certificates on a blockchain system developed by Lynked.world, a blockchain app company based in the Netherlands. Bankura Municipal Corporation and Durgapur Municipal Corporation will be using blockchain tech to handle administrative operations such as processing requests and verifying legal identities to make processes like applications for legal documents such ...

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Indian Municipal Corporations Are Going to Issue Birth Certificates on Blockchain!

Several government bodies in India recently adopted Lynked.World’s exciting new platform in an effort to simplify citizen engagement and identification processes in the country. The company, based in Hoofddorp, Netherlands, offers a blockchain ID verification solution for everyday citizens, employers, higher education administrators, and governments. The app is already available to anyone via the App Store or Google Play. Lynked.World ...

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Indian Police Arrest Asian Chief of Multi-Billion Crypto Scheme Bitconnect

A high-ranking promoter of Bitconnect has been arrested at the Delhi airport India for his involvement in the alleged multi-billion dollar Ponzi scheme that blew up earlier this year. Bitconnect was touted as a multi-level marketing venture wherein a trading bot would generate revenue for investors over time. Funds would be deposited, locked for a time with no withdrawal option, and then returned ...

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