Bitcoin News

The Cryptocurrency Legal Advocacy Group (CLAG)’s Matthew Elias describes the factors weighing on the extortion attempt involving Mitt Romney.  Excerpts:

“An individual or group of individuals claims to have obtained presidential candidate Mitt Romney’s unreleased tax returns from a PWC office in Tennessee.”
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“[Made was the] 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. “
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“At this time, it should be noted that enforcement officials have not and may not be required to define Bitcoin as money to pursue these individuals.”
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“It is also plausible that these actions are motivated by a desire to manipulate the Bitcoin market price, regardless of whether or not this is a hoax.”

- http://bit.ly/ORc4gG
- http://bitcointalk.org/index.php?topic=106125.0 (Additional discussion on the article)

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