RATE Group | Do we need BailCoin? FBI refuses to take cryptocurrency in videogame hacking case
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Do we need BailCoin? FBI refuses to take cryptocurrency in videogame hacking case

Do we need BailCoin? FBI refuses to take cryptocurrency in videogame hacking case

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After being arrested by federal agents for allegedly hacking videogame giant Electronic Arts Inc.’s systems, Martin Marsich tried to post a $750,000 bond with cryptocurrency.

That’s when Masich, federal authorities and the court ran into problems that show how difficult it can be to use digital currency in the real world, even as it becomes more prevalent online. In this case making its way through federal court in San Francisco, there were concerns that selling a large stash of small and lightly traded coins could have caused severe fluctuations in their prices.

Last known to reside in Italy, Marsich,…

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