Matrix Posted August 19, 2018 Share Posted August 19, 2018 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 Daily said, leading them to a suspect surnamed Zhou in the central province of Hunan. Zhou’s communications led to two more alleged accomplices. Altogether, the three suspects are thought to have stolen 600 million yuan by hacking the computers of individuals and companies, according to the newspaper. The police investigation is still underway, it said, with officers in three provinces working together last week to take the suspects into custody. In February an official Chinese publication announced plans to stamp out all remaining cryptocurrency trading in the country by blocking access to overseas-based websites and removing related applications from app stores. The moves were outlined in a report by Financial News, a publication under the People’s Bank of China, which said the aim was to snuff out the “dying cinders” of cryptocurrency trading and initial coin offerings “which are glowing once more.” Source Link to comment Share on other sites More sharing options...
dMog Posted August 19, 2018 Share Posted August 19, 2018 cryptocurrency...someone is either gonna steal it from you or one day you will look and the value will plummet to nothing... most investors know to stay away from something so volatile as the risk of loss is too great...pesononally, if I lose 100 dollars I am upset...can not imagine seeing 15 million go missing due to a theft from hackers...not to mention also always having to worry that if the value of your cryptocurrency goes down , it means you just lost a lot of money and it was not from theft with that loss....volatility is not something that the average investor should be looking at Link to comment Share on other sites More sharing options...
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