Bitcoins fuel new assassination market that targets US officials

New "Assassination Market" pops up with crowdfunded bitcoin-based hits being placed on public officials.

@CharlesJGantt
Published Mon, Nov 18 2013 7:50 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Bitcoin has a long history of being on the wrong side of the law, and was even at the center of the largest online illegal drug market place in history. Today, as US officials took to the Senate to testify on the virtual currency's validity and legitimacy, new information has been released that tie Bitcoins to a new "Crowdfunded Assassination Market."

Bitcoins fuel new assassination market that targets US officials | TweakTown.com

The site cleverly named "Assassination Market" is offering bounties for the assassination of President Obama, Federal Reserve Chair, Ben Bernake, and many more government officials all over the world, with some bids going as high as 124 bitcoins. At current market value, that equates to over $70,000. Unfortunately this type of marketplace has been tried in the past. Back in the 1990's a group called cypherpunks poised a similar model that never got off the ground. It is still unclear who started the site, but I am willing to bet that law enforcement agencies worldwide are keeping a close eye on this new market.

NEWS SOURCES:theverge.com, forbes.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles