Now a days, there are upcoming scam stories every day where mastermind attackers wave away huge amounts of digital currencies in a single go. Even if they are put into an enquiry, after most certain if caught obviously there’s a lot can be done with the cryptocurrencies now even sitting in jail.
The criminal named Martin Marisch was filed against hacking the video games producer – Electronic Arts. Following this hacks, Marisch was able to access the private credentials of more than 25K customers. It was alleged that these records were thensupposedto be used for some illicittype ofgainbut before any of this could happen, the arrest was made.
The Judge incharge of the case ‘Jacqueline Corley’at Sans Franciscocity agreed acceptinga payment of $750,000.00 USD as fine in cryptocurrencies tocoverthe valueof bail payment. The courtsperceivedthat that cryptocurrency is volatile andthereforehave noted that the paymentworthwouldamendeach day, which would prevent the accused to get away paying less for this bigquantity of fine.
The U.S. assistantdistrict attorney‘AbrahamSimmons’mentioning this scenario said that:
“Judges have a broad spectrum of discretiononceitinvolvesimplementingbail payments.Theyinsome waybe tailored to the assets that theaccusedhas access to, such things aspropertyor carsmighteven beimplementedas collateral against bail payments.”
This is quitenecessaryin some aspects that severalstill assume that their crypto portfolio is safe fromenforcement,particularlywithin theinstance theyfindprogressing tojail. What this proves is that even cryptocurrency holdings aren’thigher thanthe law, ifyou have gotonly crypto, the authorities would come up with some way to get you paid.