Tag: 10M

Garmin Could Face Sanctions if $10M Ransom is Paid

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Garmin, a multinational tech company, has been operating at less than full capacity following a ransomware attack launched by the Russian cybergang, Evil Corp. Garmin is being extorted for a $10 million ransom, to be paid in cryptocurrency. According to a report published by Bleeping Computer, an unidentified Garmin employee confirmed that the WastedLocker ransomware took down the company’s customer support services, navigation solutions, and other aspects of the U.S.-based firm. The leader of the cybercriminal group is a Russian individual named Maksim Yakubets. A known criminal, Yakubets was indicted…

Celo Founder on Raising $10m and Redefining Money

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The Celo Foundation raised $10 million for its blockchain platform Celo in a dutch auction on CoinList on May 12. The auction sold out within 12 hours, with Celo Gold (cGLD) tokens selling for roughly $1 each. Token holders will be able to participate on the Celo platform. 509 purchasers from 62 countries participated in the auction, with each buyer posting an average bid size of $22,076. 132 countries had registered for the auction, with the highest participation coming from Europe and Asia. Celo raises $40m so far The raise…

Millionaire Arrested for Wife’s Murder in $10M Monero Ransom Kidnap Case

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When Norwegian millionaire Tom Hagen reported that his wife had been kidnapped in October 2018, included was a ransom note demanding $10 million worth of the cryptocurrency Monero. Now, after Hagen’s arrest by local authorities on April 28 on suspicion for the murder of Anne-Elisabeth Hagen, it seems as if the ransom demand could have simply been a way to cover up the crime. The case has gripped the nation and Reuters reported on April 29 that Police Lawyer Aase Kjustad Eriksson told a news conference that, after an 18…