Image Image Image Image Image Image Image Image Image Image Image Image

| August 19, 2018

Scroll to top

Top

Judge Archives -

US Judge Orders Alleged Hacker to Pay Bail in Cryptocurrency

August 18, 2018 |

US Judge Orders Alleged Hacker to Pay Bail in Cryptocurrency

A US federal judge has ordered an alleged hacker to pay the equivalent of $ 750,000 in cryptocurrency for bail. The man was charged with hacking video game company Electronic Arts (EA), obtaining in-game currency used to buy and sell in-game items, and selling access to online games though black-market websites.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Judge Orders Bail Payment in Crypto

US Judge Orders Alleged Hacker to Pay Bail in CryptocurrencyFederal Judge Jacqueline Corley has ordered a “hacker charged with illegally accessing computer network of [a] Bay Area company” to pay bail in cryptocurrency, the U.S. Department of Justice (DOJ) announced last week.

Martin Marsich, a 25-year-old Serbian and Italian national whose last known residence was in Udine, Italy, was arrested at the San Francisco International Airport on August 8 while boarding a flight to Serbia. At the federal court in San Francisco where he made his first appearance the next day, the DOJ described:

Magistrate Judge Corley ordered Marsich released to a half-way house on the condition that he post the equivalent of $ 750,000 in cryptocurrency for bail.

Judge Corley was frequently in the news last November for ruling in favor of the U.S. Internal Revenue Service (IRS) against Coinbase. She ordered the crypto exchange to turn over information about U.S. taxpayers who conducted crypto transactions during the years 2013 to 2015.

The Case and FBI Complaint

A Federal Bureau of Investigation (FBI) agent filed an affidavit in connection with the criminal complaint against Marsich on March 25. It states that “a video-game company headquartered in the Bay Area discovered that an individual had illegally accessed its internal computer network and granted access to parts of the company’s systems,” the Justice Department conveyed. “The intruder, later identified as Marsich, gained access to 25,000 accounts that allow customers to purchase items for use in video games.”

US Judge Orders Alleged Hacker to Pay Bail in CryptocurrencyFurthermore, the FBI complaint outlines that “Marsich allegedly used some of the information he obtained from the computer system to obtain in-game currency, used to buy and sell in-game items.” He was also accused of selling “access to the on-line game on black-market websites.”

According to the Daily Post, the Bay Area company is Electronic Arts Inc. (EA), a well-known American video game company headquartered in Redwood City, California. “After making the discovery of the intrusion, the company allegedly closed the stolen accounts and suffered a loss of approximately $ 324,000,” the DOJ further revealed, adding:

The complaint charges Marsich with intentionally accessing a protected computer without authorization to obtain information for the purposes of commercial advantage and private financial gain…and accessing a protected computer to defraud and obtain anything of value.

While clarifying that “a complaint merely alleges that crimes have been committed,” the agency noted that “If convicted, the defendant faces a maximum sentence of five years’ imprisonment, and a fine of $ 250,000, plus restitution if appropriate for each violation.”

Why Did the Judge Order Payment in Crypto?

US Judge Orders Alleged Hacker to Pay Bail in CryptocurrencySan Mateo County District Attorney Steve Wagstaffe was quoted by the Daily Post saying that he “had never heard of anyone bailing out of jail with cryptocurrency in any courtroom.” While acknowledging that cryptocurrency is now acceptable in a federal court, he believes that “a cryptocurrency bail would fly in San Mateo County Superior Court.”

Although the DOJ’s announcement does not specify the reason for bail payment in crypto, U.S. Assistant District Attorney Abraham Simmons explained that “judges can order many kinds of bail, including real estate owned by another person,” the publication conveyed and quoted him describing:

The judge could order just about anything…It really is quite broad…What the objective is is to get the defendant to comply with an order to appear later.

Simmons also said he was “certain” that if the value of the cryptocurrency were to fluctuate dramatically, either party could file a motion to change the bail amount. “I would imagine that either side would alert the court of an extreme change in the value of the asset, but it doesn’t mean that the court would care one way or the other.”

What do you think of Judge Corley ordering bail payment in cryptocurrency? Let us know in the comments section below.


Images courtesy of Shutterstock and Yahoo.


Need to calculate your bitcoin holdings? Check our tools section.

The post US Judge Orders Alleged Hacker to Pay Bail in Cryptocurrency appeared first on Bitcoin News.

Bitcoin News

Judge guts FTC’s $4-billion lawsuit against DirecTV

August 17, 2018 |

The U.S. Federal Trade Commission failed to convince a federal judge in San Francisco that DirecTV should pay nearly $ 4 billion in restitution to customers for allegedly misleading consumers about the costs of programming packages.

The judge didn’t eliminate all of the FTC’s false-advertising claims


L.A. Times – Business

TMZ

XXXTentacion Murder Suspect Begs Judge to Let Him Outta Jail

August 15, 2018 |

One of the suspects in XXXTentacion’s murder case is swinging for the fences … trying to convince the judge to let him outta jail, despite being indicted for first degree murder. According to new legal docs obtained by TMZ … Robert…

TMZ.com

Judge Halts Deportation, Warns Jeff Sessions

August 10, 2018 |

On learning that the mother and daughter at the center of a lawsuit before him were being deported, a federal judge called the move “outrageous” and ordered its reversal. US District Judge Emmet G. Sullivan warned Attorney General Jeff Sessions and Homeland Security officials that they could be held in…
Newser

Manafort Judge Instructs Prosecutors Not to ‘Gild the Lily’

August 3, 2018 |

Paul Manafort’s bookkeeper took the stand on day three of the former Trump campaign chairman’s trial on bank and tax fraud charges, but the buzzier portion of the day saw the judge instructing prosecutors not to “gild the lily” when it came to Manafort’s luxurious lifestyle. Prosecutors have been painting…
Newser

Judge Andrew Napolitano: Sometimes even a famous lawyer can be more harmful than helpful to a client

August 2, 2018 |

When the FBI received word from a former British intelligence source in June 2016 that Russian intelligence agents might be providing assistance to the Trump campaign, it began an investigation of the campaign.
FOX News

Judge Bans Another Word at Manafort Trial

August 1, 2018 |

The judge in Paul Manafort’s trial told prosecutors Wednesday not to use the word “oligarchs” to describe wealthy Ukrainians who paid millions to the former Trump campaign chairman, the AP reports. US District Judge T.S. Ellis III told attorneys for special counsel Robert Mueller that the term “oligarchs” has…
Newser

Miley Cyrus asks judge to seal video in dog-bite case: report

July 31, 2018 |

Miley Cyrus wants to stop a video of herself from being leaked.
FOX News

Judge Andrew Napolitano: Farewell to someone I loved with all my heart – who gave me his values and much more

July 26, 2018 |

Last week, in Ridgewood, New Jersey, a 92-year-old unsung American patriot lost his battle with congestive heart failure.
FOX News

Judge: Release Immigrant Held After Army Base Pizza Delivery

July 25, 2018 |

A judge on Tuesday ordered the immediate release of an Ecuadorean immigrant who was held for deportation after he delivered pizza to a Brooklyn Army installation, the AP reports. “Although he stayed in the United States unlawfully and is currently subject to a final order of removal, he has otherwise…
Newser