Man's $20k Bitcoin Bounty For Hacker's Arrest
A millionaire trader turned the tables on a hacker who demanded $20,000 (£12,000) - by placing a bitcoin bounty on the fraudster's head.
Roger Ver, known as The Bitcoin Jesus after investing early in the soaring digital currency, received a threatening message from a hacker known as Nitrous.
The hacker had taken control of one of Mr Ver's old Hotmail email accounts and used it to obtain detailed personal information including his Social Security number.
He threatened to exploit the information unless Mr Ver gave him 37 bitcoins, equivalent to $20,000.
But Mr Ver turned the tables by offering a $20,000 bounty on Facebook for information leading to Nitrous' arrest.
The hacker immediately backed down.
According to transcripts seen by Wired, Nitrous appeared to panic, writing: "Sir, I am sincerely sorry. I am just a middleman. I was being told what to tell you."
He later asked: "Are you going to order a hitman to kill me now?"
Mr Ver said: "I don't have much faith ... in the government police. But I hope that they actually do catch him."
Mr Ver is a well-known backer of the virtual currency, travelling the world to speak at cryptocurrency conferences.
He was born in America but now lives in Japan.