A crypto currency refers to a digital asset which is designed to work as a medium of exchange that uses cryptography to secure its transactions, etc. Bitcoin is a type of crypto currency and worldwide payment system. Lately, the Bitcoin has been so much in news for all the good and the bad reasons. Some call it highly profitable investment, whereas others have raised huge concerns regarding its usage and legality in various jurisdictions. Bitcoin is again in news, but this time for a very different reason. Recently, some of the bitcoin enthusiasts have taken a never before approach of stealing this crypto currency. Around 11 individuals have been accused of stealing 600 specialised computer systems from a data centre in Iceland. These computer systems cost nearly $2 million. If put to use, these systems have a capacity of generating bitcoins of over $11,000 each. The authorities have arrested the suspects but the computers are still unaccounted for. The cops call this an organised crime. Time and again, it has been seen that online scams happen and criminals target crypto currency. This kind of a crime is slightly unique due to the creative approach of stealing the computer systems themselves without worrying about the consequences. Surely, the 11 people arrested will have a bad time dealing with this.
By: Anuja Arora