The cryptocurrency bitcoin still feels too remote and complex for most laymen, and has been blasted for abetting money launderers. While its location can be detected online, those who own it can remain anonymous. Photo: Reuters

Hackers threaten to take down websites of Hong Kong banks unless they pay bitcoin ransoms

City's financial institutions are falling prey to cybercriminals who threaten to disable servers unless they pay up in bitcoins, experts say

Topic |   Cybersecurity

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The cryptocurrency bitcoin still feels too remote and complex for most laymen, and has been blasted for abetting money launderers. While its location can be detected online, those who own it can remain anonymous. Photo: Reuters
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