Home » Federal Court Orders Hacker to Pay Bail in Cryptocurrency

Federal Court Orders Hacker to Pay Bail in Cryptocurrency

San Francisco-based federal court has established a new court precedent by ordering hacking suspect Martin Marsich to pay his bail in cryptocurrency.
news - Federal Court Orders Hacker to Pay Bail in Cryptocurrency

San Francisco-based federal court has established a new court precedent by ordering hacking suspect Martin Marsich to pay his bail in cryptocurrency.

Martin Marsich, an Italian and Serbian national living in Udine, Italy, was arrested at SFO on Aug. 8. He is accused of hacking the game and illegal access to 25,000 gamer accounts through which the hacker could buy game items. Federal Judge Jacqueline Corley ordered him to pay $750,000 in Bitcoin or any other cryptocurrency to be released to a halfway house.

San Mateo County District Attorney Steve Wagstaffe said he had never heard of anyone bailing out of jail with cryptocurrency in any courtroom.

“I can’t believe they do. I think they’re strictly certified checks and currency. I think they take only greenbacks,” Wagstaffe said.

Marsich was scheduled to appear in court again on Monday to confirm the posting of the cryptocurrency and to set further dates in the case.

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If convicted, Marsich could face a maximum sentence of five years in prison and a fine of $250,000, plus restitution, if appropriate, for each violation.

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