Romney Shakedown Attempt Shows Bitcoin's Laundering Potential

Romney Shakedown Attempt Shows Bitcoin s Laundering Potential - Bank Think Article - American Banker

Romney Shakedown Attempt Shows Bitcoin's Laundering Potential

It may be an elaborate hoax, but an apparent attempt to blackmail Mitt Romney shows the dark side of a disruptive financial technology and raises serious legal questions. In an anonymous letter addressed to PricewaterhouseCoopers, an individual or group of individuals claims to have obtained the presidential candidate's unreleased tax returns from a PwC office in Tennessee. The letter claims these documents will be sent in encrypted form to "all major news outlets " and lays down a twisted challenge. Those who want to prevent the alleged tax returns from being decrypted must send $1 million worth of bitcoins to an address provided in the letter by Sept. 28. But if those who do want the purported tax returns to become readable send the same amount of money to a different Bitcoin address first , the blackmailer or blackmailers will release the encryption key anyway. "Who-eve...

Full article: http://www.americanbanker.com/bankthink/romney-shakedown-...

Tweets

@MarcHochstein » 12 Sep '12, 6pm
@Coinabul We ran a piece on part 1: [link] (Comment thread has interesting side argument re Satoshi Dice)
@Rasinen » 09 Sep '12, 4am
Update from @BitCoinReporter: Romney shakedown reveals another side of #Bitcoin [link]
@0NC3 » 09 Sep '12, 3am
Can you really claim #bitcoin is not a currency? RT @BitCoinReporter: "Romney shakedown reveals laundering potential" [link]
@BitCoinReporter » 09 Sep '12, 3am
"Romney shakedown reveals laundering potential of Bitcoin" [link] #bitcoin
@pkoval » 07 Sep '12, 3pm
RT @jurispv: Now this is real fun [link] #bitcoin
@ntheory » 06 Sep '12, 8pm
[link] these articles about BitCoin are written by noobz. You can trace BitCoin transactions, why else would "mixing" exist?
@GaltsGirl » 06 Sep '12, 5pm
@stringbox Maybe not for long... [link]
@Nomadprime » 06 Sep '12, 5pm
Lovely - Bitcoin's being used to shake down political candidates. I'm sure that won't attract regulation attempts. [link]
@WallyG1 » 06 Sep '12, 4pm
Is OBama behind the: Romney Shakedown Attempt Shows Bitcoin's Laundering Potential [link]
@SamanthavWalsh » 06 Sep '12, 3pm
My friend @mattdelias wrote this! Romney Shakedown Attempt Shows Bitcoin's Laundering Potential [link] via @sharethis
@BankThink » 06 Sep '12, 3pm
Romney Shakedown Attempt Shows #Bitcoin's Laundering Potential by Elias and Wood : [link]
@AmerBanker » 06 Sep '12, 3pm
Romney tax return shakedown attempt shows #Bitcoin's laundering potential [link]
@BitCoinReporter » 06 Sep '12, 3pm
Romney Shakedown Attempt Shows Bitcoin's Laundering Potential - American Banker [link] #bitcoin
@MattDElias » 06 Sep '12, 2pm
Romney shakedown attempt shows #bitcoin laundering potential. [link]
@olyvine » 11 Sep '12, 1pm
Romney Shakedown Attempt Shows Bitcoin's Laundering Potential [link]
@BTConomics » 09 Sep '12, 6am
Romney Shakedown Attempt Shows Bitcoin's Laundering Potential [link]
@steveplunkett » 06 Sep '12, 7pm
Romney Shakedown Attempt Shows Bitcoin's Laundering Potential [link]