The use of Bitcoin in Darknet (the dark network) is still increasing despite a decline in the long-standing crypto money market.
The personal information of the founder of OKCoin is sold with Bitcoin in Darknet
According to the Chinese media company Blockbeats, a person with the nickname 1 drenchen kişisel was trying to sell the personal information of OKCoin's founder, Star Xu, at the beginning of January in the Darknet market for 0.00029 Bitcoin, for about $ 1.
In the advertisement in Darknet, the founder of OKCoin; his identification number, address, place of birth, name of his wife, information of his car, operations, activities and social networks. As of the date of the article, Star Xu and OKCoin did not receive any information about data leakage.
Darknetcos personal information is purchased and sold with Bitcoin
Although law enforcers continue to block these illegal activities, it is not uncommon for personal information to be purchased and sold in the famous Darknet markets with Bitcoin. In August 2018, a hacker sold more than 130 million hotel guests of Huazhu Hotels Group, China's leading accommodation chain, for 8 BTC in Darknet, $ 56,000.
In addition to sensitive personal data, the Darknet market, which requires special software such as TOR (The Onion Routing), sells illegal drugs, weapons, child pornography and other illegal goods to interested parties.
Bitcoin transactions rose in DarkNet in 2018, despite a price drop
Bitcoin has lost 80 percent of its value in the last 12 months, but in 2018, Bitcoin transactions in Darknet have increased. In a recent report published by data company Chainalysis, the Bitcoin transaction volume at Darknet is reported to be $ 2 million on an annual basis, an increase of almost 2 times the volume at the beginning of the year.
However, the value of Bitcoin, which flows into the Darknet markets, was $ 703 million in 2017, down from $ 603 million in 2018. This decline is attributed to the closure of the main Darknet market place, Alphabay, in mid-2017. The report says that when a Darknet market is closed, others are competing to take his place. Kim Grauer, senior economist at Chainalysis, said in a recent interview with Reuters:
For someone who wants to buy something in Darknet, the fluctuation of Bitcoin price doesn't really matter.
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The post The Personal Data of the Founder of the Famous Bitcoin Exchange, Sold at Darknet, appeared first on Kriptokoin.com.