Back

Suspects Arrested Over Biggest China’ Hack– Over $80 Mln Stolen in Digital Coins

Cover image via U.Today

This is reported to be the largest-scale crypto theft made through computers in China. The case was opened in March when a man who claimed to have 100 mln Yuan in BTC and ETH stolen from his computer after it was hacked came to the police with a complaint.

The arrested, reportedly, have been into hacking since the age of 12-13 and have been improving their “dark” IT skills since then. They used a special technology that let them easily cover their tracks.

The police admit they have not encountered such cases before.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

Recommended articles
Bitcoin Could Skyrocket Over Further Yuan Weakening and Other Multiple Drivers: Blockware Solutions CEO

Bitcoin Could Skyrocket Over Further Yuan Weakening and Other Multiple Drivers: Blockware Solutions CEO

Ripple CEO Brad Garlinghouse Encourages U.S. Regulators to Embrace Crypto Industry

Ripple CEO Brad Garlinghouse Encourages U.S. Regulators to Embrace Crypto Industry

Bitcoin and Stablecoins Expected to Facilitate Chinese Capital Flight as US-China Tensions Escalate

Bitcoin and Stablecoins Expected to Facilitate Chinese Capital Flight as US-China Tensions Escalate