Cryptocurrencies can be used to purchase a variety of items online from various retailers, and now, it appears that they can be used to pay bail. Martin Marsich, an alleged hacker, has been ordered to pay $750,000 in cryptocurrency as bail.
Judge Sets $750K Bail in Cryptocurrency
According to Cnet, Magistrate Judge Jacqueline Corley has ordered a Serbian national who is accused of hacking gaming company Electronic Arts (EA) to post bail in cryptocurrency. The alleged hacker, Martin Marsich, must post bail for $750,000 in cryptocurrency if he wants to escape jail time while facing trial.
Hacking Affects 25,000 Customers
According to an affidavit by an FBI agent, Marsich illegally accessed EA’s internal computer network on March 25, 2018. During the hacking incident, Marsich was able to access 25,000 gaming accounts used by EA customers to make purchases of in-game items.
Marsich allegedly used some of the information he obtained to acquire in-game currency, which can be used to purchase items within the games. Also, Marsich is accused of selling access to the accounts via black-market sites. Because of his intrusion, EA says the damage to the company reached around $324,000.
Crypto Bail Not That Unusual
While a bail at $750,000 in cryptocurrencies might seem unusual, US Assistant District Attorney Abraham Simmons think that it may not be the first time that a judge asked for a bail to be paid in cryptos.
Speaking to PA Daily Post, Simmons explained that judges can order many types of bail, which may even include real estate in some cases. According to him:
“It really is quite broad. The judge could order just about anything. What the objective is is to get the defendant to comply with an order to appear later.”