Crypto bizman loses $2.3 million as trickster exchanges fake euros for Bitcoins
A South Korean businessman based out of Singapore got duped of $2.3 million in an offline peer-to-peer exchange, Agence France-Presse (AFP) reported. The businessman who runs a cryptocurrency firm took part in a Bitcoin-to-fiat transaction with a Serbian. The exchange had costed him dearly as the Serbian swapped 2 million euros of counterfeit currency for Bitcoins, the report said. The incident took happened in a posh hotel in Nice city of France a month back.
The victim realized that the notes were fake after receiving them. The AFP report mentioned that the notes were ‘crude, photocopied fakes’. The businessman alerted the cops who nabbed the trickster in a five-star hotel in Cannes. When caught, he was found in possession of a watch worth one lakh euros and a luxury car.
The Serbian, according to the report, has an accomplice who is on the run.
$87 mn crypto theft in China: Highly-skilled hacker trio arrested
Chinese police have arrested three persons for allegedly stealing bitcoins and other cryptocurrencies worth $87 million, Chinese news agency Xinhua reported on Saturday.
The three individuals are caught on August 15 in Hunan, Changchun provinces, and Beijing respectively, after a months-long probe.
The report says a victim, who goes by the name Zhang, approached police in the northwestern city Xi’an after he allegedly lost crypto assets worth $14.5 million. He gave a complaint in March.
The police investigated the matter with the help of many internet firms. They learned that a person Zhou (surname) hacked Zhang’s personal computer and stole his crypto assets. The investigating officers later identified Zhou’s partners, apparently highly-skilled hackers, the report stated.
The trio had been accused of breaking into the networks of corporations and individuals and getting away with 600 million yuan ($87 million) as per estimates.
Earlier, 20 persons were arrested in Dalian city of China for allegedly using crypto mining malware to infect over a million computers. They reportedly earned over $2 million in a span of two years.
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