Call Of Duty Players Steal Over $3 Million In Cryptocurrency in Hacking Scheme

Call Of Duty Players Stealing More Than $3 Million In Cryptos In A Computer-Hacking Scheme

A group of Call of Duty players is speculated by officials of engineering a plot to steal more than $3 million in cryptocurrency. The group purportedly hacked into cryptocurrency wallets after gaining access to a victim’s cell phone.

One of the suspects who resides in Bloomington told the FBI he met members of the ring online while playing “Call of Duty,” the popular online video game in which players in different places can compete in simulated warfare and communicate with each other. He said they forced him to compete, according to an application for a warrant to search another suspect who resides in Dolton.

He added that hackers intimidated him into participating by “SWATting” him. Swatting is the name given to an increasingly popular tactic where someone calls law enforcement to report a fake emergency at a targeted person’s home. The desired end is to have a SWAT team (Special Weapons and Tactics) barge into the victim’s house.

An FBI affidavit says that after intimidating the man to participating, he allegedly helped the group gain control of more than 100 different phones, so the thieves could steal cryptocurrency.

Nevertheless, the anonymous Bloomington man told in an interview how he was a victim of the scheme, and maintained that he has never profited from crypt-hacking.

Augur Contributes To The Investigation

On Dec. 12, 2016, Augur, a San Francisco company that created a digital currency called the Reputation Token, reported to the FBI that the firm’s employees and investors were being targeted for theft of their cryptocurrency, the FBI affidavit says. Augur is an online platform that lets people create “prediction markets” where they bet cryptocurrency, such as Reputation, on something’s most likely outcome — anything from a sporting event to a possible political assassination.

An FBI affidavit said company employees told the agency how their digital currency, the Reputation Token (REP), was being stolen. According to the company, REP is used on the Augur betting platform and helps keep the overall infrastructure “growing and running smoothly.”

Notably, the overall idea of Augur is to allow people to make ‘prediction markers’ where they can bet virtual currency on different outcomes for situations, like a sporting event.

Investigating authorities think the gamer group was able to steal about $805,000 dollars worth of Reputation Token by shuffling stolen tokens through various cryptocurrency networks.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,486FansLike
2,795FollowersFollow
4,268FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bahamas Central Bank Confirms CBDC ‘Sand Dollar’ to Launch In Less Than 30 Days

The Bahamas Central Bank has confirmed that its pipeline CBDC ‘Sand dollar’ will roll out next month as anticipated. This will mark the first...

KuCoin Hack Update: 11 Crypto Projects Freeze the Stolen Tokens

Over the weekend, KuCoin lost about $275 million in BTC, XRP, BSV, XLM, TRX, stablecoins, ETH, and other ERC-20 tokens in a security breach....

Bitcoin Re-Entering the ‘Intense Historical Trading' Area Following a Strong Uptrend

Bitcoin is back at near $11,000. The leading digital currency has been making its way upwards since the mid of last week. Today, to mark...

Alameda Research and Three Arrows Capital Outdoing Each Other to Mint Record WBTC

On Friday, FTX CEO Sam Bankman-Fried’s Almeda Research minted the biggest wrapped Bitcoin (WBTC) ever, as per WBTC Network. 2317 BTC was minted on Sept....

“Nothing Compares to My Bitcoin Bet,” Says Social Capital CEO Chamath Palihapitiya

Bitcoin was the best performing asset of the last decade, and in 2020, it remains a winner again. Compared to the S&P 500 hitting a...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today