Hacker Caught in Giant Cryptocurrency Heist

A massive $36 million cryptocurrency heist took place in America. The young hacker who committed the robbery, which is thought to be the biggest crypto theft ever, has been caught. The thief’s cryptocurrency account was seized.

The cryptocurrency exchange, which has developed rapidly in recent years, has become the number one target of malicious hackers. The robberies in the cryptocurrency exchange continue to come to the fore.

Stating that it is not possible to prevent robberies in the existing crypto money system, the officials emphasized the necessity of making various arrangements to prevent robberies.

The criminal was caught thanks to the username he bought in the online game

Last year, a hacker in the United States allowed a targeted user to access a cryptocurrency account by blocking the two-factor authentication system. “SIM swap attack” performed. in the user’s account $36 million The hacker who performed the robbery by accessing the crypto money was wanted. Authorities tracked down the culprit when he bought a valuable username in an online game, using most of the money he stole. to catch succeeded. When the police caught the culprit, the approximate 6 million dollars worth of cryptocurrencies confiscated.

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Kenneth Kirkpatrick, an officer of the Hamilton Police Service, is responsible for the robbery. “So far, one person has reported biggest cryptocurrency theftreported that. Guy-Vincent Jourdan, a professor of computer science at the University of Ottawa, spoke to the CBC on the incident. “No backup, no editing. That’s why too nothing is guaranteedHe emphasized that it is not possible to prevent crypto money robberies in this system.

Source :
https://futurism.com/the-byte/teen-hacker-arrested-stealing-cryptocurrency


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