RATE Group | Vexed Tech Entrepreneur Turns Bitcoin Hacker, Steals €1M+ from Ex-Colleagues
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Vexed Tech Entrepreneur Turns Bitcoin Hacker, Steals €1M+ from Ex-Colleagues

31 Dec Vexed Tech Entrepreneur Turns Bitcoin Hacker, Steals €1M+ from Ex-Colleagues

Posted at 21:21h in Bitcoin News by

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A French tech entrepreneur has been nabbed for allegedly stealing over 1 million euros in Bitcoin (BTC) from his former colleagues in what is purported to have been an “act of revenge.”

On Dec. 22, the unnamed man was indicted by a judge in Paris on charges of theft, money laundering and fraudulently accessing data processing systems, local newspaper Le Parisien reported on Dec. 28.

“Washing away the humiliation”

The suspect’s motivation for the theft — his spoils totaling 182 Bitcoin (BTC), worth ~$1.3 million by press time — is purported to have been a thirst to “wash away the humiliation” of his redundancy. 

The man is reportedly a former employee of a French tech start-up, one whose founding in 2013 Le Parisien attributes to a desire to join the “closed club of overvalued unicorns” in the 2.0 tech universe. 

Once differences over strategy in the firm exploded, the suspect found himself one of several executives to be summarily ousted from the venture. 

In…

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