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British Hacker Arrested for Stealing Unreleased Music & Selling It for Bitcoins

British Hacker Arrested for Stealing Unreleased Music & Selling It for Bitcoins 1

This Friday, a London polity arrested a hacker who stole records of famous spoilers for the purpose of spreading on the dark web.

The Manhattan attorney ‘s building in New York City received several complaints from recording artist companies, which led them to investigate. The suspect was arrested in East England and police have not yet revealed his identity.

As cryptocurrencies and blockchain technology become more common and new related developments always emerge, hackers are not standing still and using more advanced and ways to steal digital assets.

Phishing, Ponzi schemes, selling drugs and other illegal substances, etc. seem to be becoming commonplace for hackers and scammers as they have adopted new methodologies and practices to break down security barriers to steal cryptocurrencies. These criminals want to steal almost all digital assets and sell them on the dark web or through other secret channels.

In this case, a 19-year-old resident of Ipswich, based in England, was arrested for breaking into the artists ‘website and stealing unreleased songs and albums. Then he sold them for crypto, as reported by the City of London police to journalists. Hackers have been reported to be stealing personal information and bank credentials, but this may be the first time hackers have targeted music artists to obtain cryptips.

The city of London Police detective Inspector Nick Court of Intellectual Property Crime Unit said in a statement:

‘Our action today brings with it an important moment in our investigation into hackers responsible for stealing music and selling it on illegal websites across the planet.

Such crimes bring great financial losses to those who work so incredibly hard to produce, write and create music for their beloved fans so they can enjoy.

For now, the police can only guess how a hacker stole content.

Over the past few years, songs and music albums by many popular artists have been stolen and leaked online. In June, the famous British band Radiohead released information that a hacker had stolen unreleased music from the singer Thom Yorke ‘s minidisk archive and then threatened to leak it online if a $150,000 ransom was not paid. Radiohead, in response to the hacker ‘s demand, released a 1997 album of demos.

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