Thai banks receive Bitcoin threat

[webfact]

Thai banks receive Bitcoin threat
The Nation

BANGKOK: -- Four Thai banks have received an e-mail from an anonymous group, demanding the payment in Bitcoins or face cyber attacks, according to a source from the IT industry.

The hacker group called itself "Armada Collective", the source said.

Nothing happened today, according to an executive of one of the banks.

Swiss hosting providers reportedly received a similar threat in September. In the e-mail, the group demanded payment of 20 Bitcoins (approximately US$6,000 or Bt210,000).

It also specified the deadline and said if payment was not paid, the hosting providers would see all servers crashed. Then, the rate would go up by 20 bitcoins everyday. In the e-mail, it also instructed the receivers not to contact the media or they would face permanent attacks.

Source: http://www.nationmultimedia.com/breakingnews/Thai-banks-receive-Bitcoin-threat-30271821.html


-- The Nation 2015-10-29

[ezzra]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

[BudRight]

"Then, the rate would go up by 20 bitcoins everyday."

The hackers must have read the Cardholder Agreement for their credit cards.

Edit: Bitcoins are already illegal in Thailand, aren't they? Lot of good that did.

Edited October 29, 2015 by BudRight

[thesetat2013]

It seems unusual timing for an act that would crash all servers ams give a good excuse for implementing a single gateway or for the threat to have the people change their way of thinking against implememting a single gateway.

If all servers are crashed and even if they are not the gov can now use this as a threat to support their plan for this single gateway. Promising it would never happen if they began that. This threat is too convenient!

[Seastallion]

$6000?

It almost sounds like a teenager who is saving up for the prom. Tux, limo, flowers....

[chainarong]

The Swiss got a similar threat in September , not necessarily the same group , it would seem the amount of money required points to someone who thinks 6 grand is a lot of money, scrape a bit more back and you'd start to think it was a local copycat , however there is a disturbing trend taking place in cyber land that Thailand is becoming a place of interest, even more so since the Junta is introducing a single pathway , nothing like cyber war fare occupying Prayut's time , that's if he can make a call or get online.

[puukao]

I will take out ALL my money tomorrow before a run on the banks..

I will keep my 100 baht in a safe place!!!!

[Briggsy]

Which banks??

[regfrancis]

Lets legislate to stamp out bitcoin.

Or we will miss out on control and bank fees

Bitcorn will give to much power to the 99%

[godden]

They sound like cyber cheap charlies.

[LuckyNo4]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

Bitcoin is not bullshit. Fiat currency is bullshit and the banking system is bullshit. Crypto currencies whether you like it or not are the future.

[LuckyNo4]

Lets legislate to stamp out bitcoin.

Or we will miss out on control and bank fees

Bitcorn will give to much power to the 99%

Nailed it!

[LuckyNo4]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

The banking system is serving the criminals who run it a lot more than anything else...

[Expat1]

Whoaa, $6,000.00 , some big time hackers.

[SoFarAndNear]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

Please inform yourself a little bit more before you say that. BTC can and will help people around the world to send and receive currency without any fees. Wouldnt you be happy if you got 2000 usd pension and get the same amount of pension in THB here in Thailand. Without 5-10% withdrawal, transaction, conversion fee? Edited October 29, 2015 by SoFarAndNear

[ChrisY1]

All of a sudden there just seems to be too much media reporting of cyber crimes happening or being attempted.......with the generals single gateway internet nonsense creating waves around the country, this type of trash propaganda is designed IMO!

[Thaidream]

Banks and those who profit from them are some of the World's worst thieves. It used to be that you knew who your banker was and dealt with that person face to face on a regular basis. Your banker was like a friend who would visit your business or home to do business. Fast forward that to today when things like mortgages are sold around the World to people you will never know. Debt is transferred from group to group in the hopes of making a killing. Your banks hold your money when doing transfers for a few days so they capture the float and then charge you to get it out of the bank. Governments bailed them out because politicians are in bed with investment bankers who contribute to their re-election campaigns. Welcome to the wide world of greed.

[FredNL]

Where can I sign up ???

Piece of cake with those outdated illegal Microsoft Windows XP or ME copies...

A 7-year old kid can do it.

Edited October 29, 2015 by FredNL

[Srikcir]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

2013-07-30

"Thailand has become the first country to ban bitcoins after the central bank ruled it is not a currency ..... it is illegal to buy and sell bitcoins, buy or sell any goods or services in exchange for bitcoins, send any bitcoins to anyone outside of Thailand, or receive bitcoins from anyone outside the country."

Following Thailand, eight other countries have banned bitcoin with only Taiwan being the most notable nation to do so. The G-20 either doesn't regulate it, accepts it as virtual currency or allow it in barter transactions.It appears that most of the developed industrialized nations view bitcoin like any other medium of trade - possessing bitcoin is not criminal but how it is used can be.

[andy8017]

Give a man a GUN and he can rob a bank-----Give the man a BANK and he can rob the world, Quantative easing and printing worthless paper will eventually cause the moneytary systems to calapse---Then the world will come to it's senses and return to currencies backed by gold and silver,----There has never been a Fiat currency (paper) that has stood the test of time.--- and you can't print GOLD or Silver.

[FangFerang]

Currency is not a current affair. Political science isn't science. And crackers do not crack.

Now, on to jumbo shrimp and military intelligence.......

[lvr181]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

Bitcoin is not bullshit. Fiat currency is bullshit and the banking system is bullshit. Crypto currencies whether you like it or not are the future.

That is only the wish of those who will profit from it! The "ordinary" person, I would think, doesn't really care about Bitcoin BS

[Shiver]

Bitcoin, Uber, AirB&B - quite a lot of changes happening. I wonder why 'they' think they have the authority to tell their paymasters (us) what we can and cannot do. The beard has slipped.

As for making Bitcoin illegal, I have to admit I spit my drink reading that one. Which country are we talking about? There is no country that has that authority, since they can only control their own FIAT.

I wouldn't want to be a banker, tuk tuk driver or hotel looking at the next 5-10 years.

[phycokiller]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

Bitcoin is not bullshit. Fiat currency is bullshit and the banking system is bullshit. Crypto currencies whether you like it or not are the future.

That is only the wish of those who will profit from it! The "ordinary" person, I would think, doesn't really care about Bitcoin BS

I use it all the time, its far more convenient then any other form of money transfer and saves alot of time, not to mention fees.

[bangkapi]

Small amount is being used as a trial run.

[Thai at Heart]

A await a big server crash.

[elgordo38]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

Funny money called fiat currency should be outlawed go back to the gold standard. It is also serving criminals called big corporations to buy back their own stock or their competitors for next to nothing and at an alarming rate. It is being indiscriminately being printed by the Fed banks around the globe forcing interest rates to zero and below. This fiasco makes Bitcoins look small potatoes. Just ask pensioners zero percent interest on their savings and zero percent COLA. The whole thing is rigged. What a joke the Fed leaves interest rates unchanged and the markets goes crazy why? did earnings for companies increase no they are dropping through the floor. We are talking real earnings not the stock by backs and other charades companies are using to goose the books. The reason is that the free money party will continue a bit longer look out 2008 here we go around again.

[seancbk]

It seems that this Bitcoins BS is serving criminals a lot more that being an alternative to a world's

currency... one way to naturalize it is to out law bitcoins and be done with that....

Bitcoin is not bullshit. Fiat currency is bullshit and the banking system is bullshit. Crypto currencies whether you like it or not are the future.

Well said.

Pity old boys like ezzra don't understand Bitcoin.

[jabis]

I was getting a lot of download-boxes for "login.aspx" when trying to log in to scbeasy yesterday evening, seemed to me like an overwhelmed proxy unable to render post-authentication page -> sending data chunked, thus triggering a download, instead of rendering the page itself. Tested just now (as neighbours roosters gave me the "it's eff-iiingmooorni-ng" and no troubles accessing.

[digibum]

Banks and those who profit from them are some of the World's worst thieves. It used to be that you knew who your banker was and dealt with that person face to face on a regular basis. Your banker was like a friend who would visit your business or home to do business. Fast forward that to today when things like mortgages are sold around the World to people you will never know. Debt is transferred from group to group in the hopes of making a killing. Your banks hold your money when doing transfers for a few days so they capture the float and then charge you to get it out of the bank. Governments bailed them out because politicians are in bed with investment bankers who contribute to their re-election campaigns. Welcome to the wide world of greed.

It used to be that you went down to the local sundry store and purchased a pack of gum for 5 cents.

Harkening back to a long-gone era does not make the current situation evil.

Knowing the person who issued you a mortgage hasn't been viable for decades. 65% of adults in the US own homes and presumably have mortgages on those homes. Even at 115,000,000 households in the US, that's almost 75 million mortgages.

How many people would have to be employed in the banking industry for you to personally know your banker? Even at 100 customers per mortgage lender, that's almost 750,000 people just pressing flesh in the bank and knowing their customers.