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Cryptocurrency: teenager arrested for millionaire theft

by Tess Hutchinson

Canadian police have reported the arrest of a teenager who stole C $ 46 million (US $ 36.5 million) in cryptocurrencies.

According to Ontario authorities, this incident would be robbery in crypto-currencies the biggest ever made by a single actor.

As did?

According to the police, the victim was assaulted with a change of SIM card in his cell phone.

His cell phone number was used to intercept two-factor authentication requests, allowing access to his protected accounts.

Some of the stolen money was used to purchase a “rare” online gaming username, allowing the Hamilton Police Department, as well as the FBI and the US Electronic Crime Service Task Force secrets, to identify the account holder.

Police seized approximately 7 million Canadian dollars ($ 5.5 million) in crypto-currencies stolen during the arrest of the teenager.

In June, investors in South Africa lost nearly $ 3.6 billion in Bitcoin when the founders of one of the country’s largest cryptocurrency exchanges passed away. In the same month, UK police seized around $ 158 million in various digital currencies.

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