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Masayoshi Son Lost $130 Mn After Getting Caught Up In Bitcoin Mania

Wednesday, April 24, 2019, 4:17 PM

SoftBank Founder Masayoshi Son lost over $130 million (Rs.900 crore) in a personal bet on Bitcoin last year, according to a Wall Street Journal report. He reportedly bought Bitcoin in late 2017 around the time of its record high of over $19,000 and sold in early 2018 after Bitcoin had plummeted. Son is Japan's second-richest person with a $24-billion fortune.
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Bitcoin Jumps To 6-Month High As 2019 Rally Extends

Tuesday, April 23, 2019, 3:40 PM

Bitcoin jumped on Tuesday to its highest in six months, pulling smaller cryptocurrencies up with it in a move that traders and analysts ascribed to technical forces with no apparent news catalysts at play. The original and biggest virtual coin climbed as much as 4.5 percent in early trading to top $5,600 briefly, touching its highest since November 18.
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Ryuk ransomware earns hackers $3.7M in Bitcoin over 5 months

Monday, January 14, 2019, 5:48 PM

According to security firms CrowdStrike and FireEye, 'Ryuk' ransomware has produced nearly $3.7 million (Rs.26 crore) in Bitcoin across 52 transactions since August 2018. Ryuk, which generally targets enterprises, begins its attack by infiltrating target's systems with TrickBot malware via methods like spam email. It then attacks systems critical for target's business operations and demands ransom.

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