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Bitcoin Mike Duggan

Database held to ransom

17 Nov, 2014

Mayor Duggan says that among cybercrimes victimizing Detroit, a city database was frozen in April and held hostage for a ransom of 2,000 bitcoins, worth $803,500 at the current exchange rate of $401.75. Duggan says the money wasn’t paid, and the city didn’t need to use the database, but that it raised awareness about computer crimes:

It was a good warning sign for us