13 Nov '12, 12am

"The Plot Thickens in the Bizarre #Bitcoin Blackmail Caper," by Matthew Elias of at @BankThink

In an anonymous letter addressed to PriceWaterhouseCoopers (PWC) , an individual or group of individuals claims to have obtained presidential candidate Mitt Romney’s unreleased tax returns from a PWC office in Tennessee. The letter claims that these documents have been sent in encrypted form to various political offices and news agencies and presents an ultimatum, stating that the release of these documents is dependent upon the transfer of $1,000,000 (worth of Bitcoins) to one of two Bitcoin addresses, one for the encryption key (thereby releasing the returns), and one to withhold the returns. For the uninitiated reader, Bitcoin is a decentralized peer-to-peer cryptocurrency which facilitates partially anonymous transfer of units of value (known as Bitcoins) between peers through unique Bitcoin addresses . Bitcoins may then be sold for cash through highly liquid exchanges...

Full article: http://TheCLAG.Org/

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americanbanker.com 13 Nov '12, 12am

There have been some new twists in the strange case of an alleged attempt to blackmail Mitt Romney for $1 million in bitco...

Matthew Elias - Bitcoin Blackmail Plot Thickens...

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Matthew Elias - Bitcoin Blackmail Plot Thickens Matthew Elias, Director and Founder of the Cryptocurrency Legal Advocacy G...