A young man was accused and got arrested in San Francisco National Airport on the 8th of August for illegally accessing the secure network of a popular gaming company known as Electronic Arts (EA). He was actually trying to board a flight to Serbia at the time of the arrest. EA is a gaming company that is responsible for games like Battlefield, FIFA, and Star Wars Battlefront and also manages assets in excess of about $8.5 billion.
Martin Marsich, is 25, year's old and he first appeared in court on the 9th of August. This appearance was over a criminal complaint which charged him with crimes that were related to the illegal intrusion of the computer network, in accordance to U.S. Attorney known as Alex G. Tse and FBI Special Agent in Charge. Known as John F. Bennett.
Marisch was last lived in Italy and also has a Serbian and an Italian citizenship. An FBI affidavit was read out in court and it stated that a Bay area video game company had observed that they had been hacked and that the hacker gained access to about 25,000 accounts which allowed customers easily purchase some items for use in video games. According to the Daily Post, that company happened to be Electronic Arts EA.
Marsich allegedly used some of the information he obtained from the computer system to obtain in-game currency, which is used to buy and sell in-game items. He is accused of selling access to online games on black market websites, and the losses sustained from closing the compromised and stolen video game accounts are tallied at approximately $324,000, according to the gaming company.
Magistrate Judge Corley ordered Marsich released to a half-way house on the condition that he post the equivalent of $750,000 in cryptocurrency for bail. The bail can be paid in BTC or altcoins as Marisch sees fit. While it may seem like an unusual decision, U.S. judges can set bail terms at their own discretion based on what assets the defendant has access to — property can also be used to post bail charges.
Marisch also had access to a huge sum of cryptocurrency, which enabled him to conveniently foot the bill for what turned out to a cyber-robbery gone wrong.
The incident is the highest profile case of bail being paid in crypto, but crypto has certainly been used to raise bail money in the past. As reported by Motherboard, the Bronx Freedom Fund is an initiative allowing people to dedicate CPU power to crowdfund bail money for people who can’t afford it by remotely mining and donating cryptocurrency to the cause and prevent people from being imprisoned while awaiting trial.
for more please kindly click below link
https://dictoms.com/ea-hacker-ordered-to-post-750000-bail-in-cryptocurrency/
Dear author, I really like your content! You’re writing in a very interesting manner!
I think my last post will also be interesting for you:
https://steemit.com/cryptocurrency/@cryptofrau/buddy-platforma-dlya-avtomatizacii-razrabotki
Please, upvote it! I’ve upvoted yours in advance.