$3B Crypto Seizure Shows Blockchain’s Security

In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity and privacy issues, including implications of the seizure of $3.36 billion in stolen bitcoin in Georgia, whether the EU is complicit in the spread of advanced spyware, and the departure of the U.K.’s Dr. Ian Levy, technical director of NCSC, with some important parting words.

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The panelists – Anna Delaney, director, productions; Akshaya Asokan, advisor editor; Cal Harrison, editorial director; and Tony Morbin, government information editor, EU – focus on:

• How a Georgia property developer who stole about 50,000 bitcoin from cybercrime darkish website Silk Street in 2012 pleaded responsible to wire fraud this week – and the way the immutability of blockchain and good previous detective work cracked the case;




• Highlights from a “farewell weblog publish” penned by U.Okay. Nationwide Cyber Safety Middle and GCHQ veteran Dr. Ian Levy, who’s leaving his position as NCSC technical director;
• How a member of the European Parliament accused the European Union of complicity in the spread of advanced spyware inside member states and throughout the globe.

The ISMG Editors’ Panel runs weekly. Do not miss our earlier installments, together with the Oct. 21 version discussing what CISOs can study from the decision within the trial of the ex-Uber CSO and the Nov. 4 version discussing how the ransomware ecosystem is fracturing.