Opinions

Turkey Books 11 for Crypto Hack

Turkey security enforcement books 11 people for allegedly stealing Bitcoin.

According to a local news outlet report, Istanbul Cybercrime Division Branches identified the suspects entering some of the bitcoin wallets

According to law enforcement, a total of 437 thousand pounds was stolen in Bitcoin before being transferred to multiple accounts to make it difficult for local law enforcement to follow-up.

The suspects used ‘single-use password barrier’ prepared by new GSM lines with the fake drivers’ license on behalf of the victim. According to the report, police found that the suspects entered the new number on the internet site where they exchanged crypto currencies and entered the system and transferred the money they obtained by selling the bitcoins in the accounts by phishing.

Police also seized two fake identity cards, as well as 18 mobile phones and SIM cards, 22 memory sticks, and other items which were allegedly used to hack into the victims’ accounts.

The ‘judicial control’ was made possible when the police identified the suspects from cctv footage of various ATM’s that were used by the suspects to change to fiat currency.

The latest cryptohack before this incident was when a small Canadian exchange was broken in by hackers with the help of a bug. The platform’s funds were taken away.

Before that, a Japanese cryptocurrency exchange was hacked with $59 million in losses. Hackers managed to steal 4.5 billion yen from user hot wallets while 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million.

The theft vibe is getting stronger and stronger. The evil is keeping up with the developments in the financial sphere. You can never be too secured.

 

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Sarim Mehmood

An electrical engineer to be. Sarim is a blockchain & crypto enthusiast and an early investor in ETH and Ethereum based projects. Email: sarim@blockpublisher.com or contact the editor at editor.opinions@blockpublisher.com

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