RATE Group | Chinese police nab suspects after $87 mn cryptocurrency theft
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Chinese police nab suspects after $87 mn cryptocurrency theft

19 Aug Chinese police nab suspects after $87 mn cryptocurrency theft

Posted at 15:45h in Cryptocurrency News by

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Bitcoin featured in a multi-million-dollar Chinese hacking theft
Bitcoin featured in a multi-million-dollar Chinese hacking theft

Chinese police have arrested three suspects alleged to have stolen assets worth 600 million yuan ($87 million) through hacking, state media reported Sunday, as cyber criminals target holders of bitcoin and other virtual currencies.

Police in the northern city of Xian began investigating in March when a victim surnamed Zhang complained that hackers had taken control of his computer to steal 100 million yuan ($15 million) worth of cryptocurrency, the Shaanxi Daily reported.

The 100 million yuan haul was made up of the popular bitcoin and ether currencies, state news agency Xinhua reported.

The transfer of the units provided police with a virtual trail, the Shaanxi…

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