Hacker Tries to Blackmail Apple for $150,000 in BTC After Compromising 319 Million iCloud Accounts

  • A 21-year-old North London resident and computer analyst reportedly hacked 319 million iCloud accounts.
  • The hacker demanded that Apple Inc pay $150,000 in bitcoin in exchange for him not selling compromised accounts. 

A computer analyst named Kerem Albayrak, 21, reportedly attempted to blackmail Apple Inc, the California-based multinational technology firm, for £115,000 (appr. $150,000) in bitcoin (BTC) and £800 (appr. $1,045) worth of iTunes vouchers.

According to the DailyMail, Albayrak had published a video on YouTube that showed him hacking into iCloud accounts. The analyst, who is a resident of Hornsey, North London, had allegedly demanded Apple a large payment in exchange for him not exploiting the private information of the accounts he claimed to have hacked.

Charged With "Unauthorized Acts", Blackmailing

Shortly after, Albayrak was taken into police custody, after which he appeared at Westminster Magistrates’ court and was reportedly charged with “blackmail” and “unauthorized acts intending to hinder access to a computer”, the DailyMail wrote.

During the court hearing, it was determined that Albayrak first demanded that £50,000 (appr. $65,000) in BTC be transferred to a bitcoin address he provided. However, he later increased the amount to £115,000 (appr. $150,000), in addition to £840 (appr. $1,100) in iTunes gift cards.

The computer analyst had reportedly promised Apple that he would not sell the hacked personal information belonging to over 319 million Apple iCloud users if the giant tech firm paid the amount he had demanded.

The Westminster Magistrates court has now charged Albayrak with one count of blackmail and two counts of “unauthorized acts intending to hinder access to a computer.” At present, Albayrak has been released on “unconditional” bail and a plea hearing and trial preparation hearing have been scheduled for November 14th, 2018 at the Southwark Crown Court.

Prosecuting lawyer, Lorna Vincent, confirmed: 

Mr. Karem Albayrak is accused of sending emails to Apple making financial demands for downloading database iCloud accounts and factory resetting those iCloud accounts. He entered into the accounts of the alleged victims and posted a video of his hack onto YouTube.

Prosecuting Lawyer

Bitcoin Blackmailing Scams

As CryptoGlobe reported in August, a new type of bitcoin blackmailing scam had surfaced that targeted “unfaithful” men. The scammers demanded that a $8,600 “confidentiality fee” be paid in BTC in exchange for them not disclosing “the secret [the victim had allegedly] been keeping from [their] wife."

Earlier in July, another bitcoin blackmailing scam had attempted to extort $1,900 in the pseudonymous cryptocurrency from adult content watchers. The hackers had reportedly used malware to record people watching porn.

The victims were then sent emails in which they were told the hackers had access to all their email contacts, and that they would send recorded footage of them watching adult content to all their contacts. However, Cornell computer science professor Emin Gun Sirer had warned that it was most likely just a “bluff” and told everyone who received such emails to “never negotiate, never pay.”

BSV Surges 80% As Craig Wright Files Copyright Registration for Bitcoin Whitepaper

Craig Steven Wright (“CSW”), the Australian computer scientist and self-proclaimed inventor of the Bitcoin protocol, has claimed that the US Copyright Office recently awarded him a copyright registration for being the original author of the Bitcoin whitepaper.

According to CSW, he has also been granted a copyright registration for writing “most of the original code” used to implement the Bitcoin blockchain network.

Commenting on the matter, DecryptMedia revealed that a spokesperson had sent a press release to the news media outlet, stating:

 

This is the first government agency recognition of Craig Wright as Satoshi Nakamoto, the creator of Bitcoin.

 

Meanwhile, CoinGeek reported that the registrations (allegedly) “issued by the US Copyright Office recognize Wright as the author” of both the initial Bitcoin codebase and the cryptocurrency’s whitepaper, which was published after the code was released.

Wright Has Only Submitted A Claim, Has Not Received Any “Recognition”

As pointed out by DecryptMedia, Wright’s claim that he has been granted “government agency recognition” would appear questionable. It seems that Wright has only registered a claim with the Copyright Office, which any individual or organization can submit.

At this point, the only thing that can be confirmed is that Wright paid a $35 fee in order to file an application which requests that he should be granted US copyright registrations for the authorship of the Bitcoin whitepaper.

Registering A Copyright Only Requires “Filling Out A Form”

As explained by Jerry Brito, Director at Coin Center, registering a copyright only requires filling out a simple form. Moreover, the US Copyright Office does not conduct an investigation, in order to determine the validity of the claim, Brito noted. The Office is only responsible for “registering” all claims submitted.

The Coin Center Director also clarified that copyright registration does not, in any way, mean or imply “recognition of authorship.” In statements shared with DecryptMedia, Brito further explained:

 

[CSW’s copyrights claim and application are] simply recognition by the Copyright Office that someone is claiming authorship. Registering a copyright is a simple as filling out a form with your claim... It would be up to a court to decide if a copyright registration is based on fraud or not.

 

Bitcoin SV Surges Nearly 80%

Soon after CoinGeek reported that CSW had received copyright registrations for being the author of the Bitcoin whitepaper, the price of Bitcoin “Satoshi Vision” (BSV) surged by nearly 80% according to CryptoCompare data.

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