BitcoinWorld

Chinese
Latest News

0.042 Bitcoin is demanded by hackers from a Chinese store

According to a Chinese media story, cybercriminals are holding a computer database at a supermarket in eastern China hostage. Now, seeking 0.042 Bitcoin, or US$1,832.

It would be illegal for Ouranda store to make the payment because China outlawed all cryptocurrency-related transactions in September 2021. Which, includes those performed by crypto exchanges outside of China.

In December, hackers sought 0.042 Bitcoin from the retailer. That’s, which has so far either refused or been unable to pay the ransom due to legal issues.

According to The Paper, the supermarket, which is located in the key eastern city of Wenzhou. Of course, has been unable to allow customers to pay using their store-issued prepaid value card as a result of the attack.

The retailer has informed the authorities about the situation.

Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.