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An infamous computer hacker has been arrested in Thailand at the request of Switzerland on suspicion of hacking into bank computer systems in Europe, an official said Tuesday.
Farid Essebar, who has dual Moroccan-Russian nationality, was detained in Bangkok last week, according to Police Colonel Songsak Raksaksakul of the Department of Special Investigation, Thailand's equivalent of the FBI.
In a statement on its website, Bitcoin said it had given a presentation to the Bank of Thailand about how the currency works in a bid to operate in the country.
However, at the end of the meeting, "senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets... Bitcoin activities are illegal in Thailand".
Bangkok's Ratchadapisek Criminal Court yesterday ordered that Algerian hacking suspect Hamza Bendelladj, 24, be detained pending extradition to the United States for prosecution over banking fraud.
Authorities in Thailand have removed over 5000 webpages in the last three months with content deemed insulting to the royal family. Critics on the other hand, argue that this is just an excuse by the government to exercise harder censorship controls.
Those found guilty could face up to 15 years in prison, such as Wipas Raksakulthai, thought to be the first person charged with the crime after making a posting to Facebook.
Monsoonal flooding in Thailand last year helped Seagate Technology recapture the worldwide lead in hard disk drive shipments in the last quarter of 2011, according to a new report from IHS iSuppli.
Seagate passed former market leader Western Digital Corp., which suffered heavy losses in the devastating Thailand floods last year. Seagate claimed 38% of HDD market share, compared with Western Digital's 23%, according to the iSuppli report released today.