China’s Police Arrests Three Hackers Included In $87 Million Crypto Theft

Nishanth Shetty

August 20, 2018 4:32 pm

Crypto Scam

China's Police Arrests Three Hackers Included In $87 Million Crypto Theft | Coindelite News
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Chinese Police have arrested three hackers in China who stole bitcoins and other cryptocurrencies worth $87 million. The police were investigating the case for one month. The hackers were found in Hunan, Changchun provinces, and the capital city Beijing.

The reports say that a self-claimed victim, whose surname is Zhang, filed a complaint to the police in the northwestern city Xi’an in March while his computer was hacked and lost cryptocurrencies worth around $14.5 million.

The police investigation, with the support of various famous but unnamed internet companies, later tracked a hacker with the surname Zhou, who hacked Zhang’s personal computer for transferring the funds.

As the investigation continued, the police caught two more suspects who are known to be Zhou’s friends. Both of them are claimed to be highly experienced hackers.

While the investigation is still ongoing, it is a notable case given the significant amount of cryptocurrency assets that are reportedly involved.

The police further caught the group of having conducted a series of illegal cyber invasion into a corporation and personal networks to get cryptocurrencies, with an initial estimation of 600 million yuan, or about $87 million.

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