TweakTown

bitcoin supporter turns the tables on hacker, offers $20,000 bounty

A hacker trying to demand a $20,000 ransom from a millionaire bitcoin supporter backed down after the victim offered a $20,000 bounty.

Published Thu, May 29 2014 6:23 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

A hacker was forced to back down after a millionaire cryptocurrency supporter offered a $20,000 bounty to identify the people responsible for hacking his Hotmail account. Roger Ver, dubbed "The Bitcoin Jesus," was compromised by someone using the hacker handle "Nitrous" and received a letter demanding 37 bitcoins, or Ver's Social Security number and other personal information would be released.

bitcoin supporter turns the tables on hacker, offers $20,000 bounty | TweakTown.com

Instead, Ver offered $20,000 on Facebook, seeking information that the police could use to arrest Nitrous. Shortly after, the hacker offered a written apology to Ver via email, claiming he was "just a middleman" and demanded payment because he "was being told what to tell" Ver.

It's an ironic twist - as most hackers would quietly steal the personal information and later sell or trade it - though "Nitrous" wanted to get paid directly by the victim. Ver, a U.S. citizen currently living in Japan to better promote bitcoins, doesn't expect law enforcement to arrest the hacker, however.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles