The Turkish National Police's anti-cybercrime department has detained eleven people suspected of stealing bitcoins worth more than $80,000, local media reported.
Istanbul police launched an investigation after 14 people filed complaints that their cryptocurrency wallets were hacked and funds were stolen. Investigators confirmed the incident, with damages amounting to 437,000 Turkish lira, or more than $80,000.
Police tracked down a group of hackers who allegedly compromised users' emails, stole passwords and hacked into cryptocurrency wallets. Ten suspects were reportedly arrested and one was released pending trial. Two fake passports, 18 mobile phones and SIM cards, 22 memory cards and other items allegedly used in the attacks were seized from the suspects.
Prosecutors said the stolen funds were transferred to multiple addresses and then converted into fiat.
Hackers are constantly on the hunt for Bitcoin as demand for the cryptocurrency increases. Last month, the Canadian cryptocurrency exchange MapleChange was forced to cease operations due to a hack and theft of about 913 bitcoins worth $6 million.
According to rttnews.com
You May Also Like
Financial insurance leader Lloyd's of London quietly entered the cryptocurrency market
It has become known that Kingdom Trust, which holds more than 30 types of cryptocurrencies and tokens for investors, has obtained insurance coverage through Lloyd's of London to protect these assets from theft and destruction. Kingdom Trust is known to be a certified custodian, which means it holds private keys for those types of cryptocurrencies that are considered acceptable by regulated financial institutions.
A patent has been applied for using blockchain to create a registry of owners of works of art.
The patent application, which was published by the United States Patent and Trademark Office (USPTO) on Thursday, names its creator as Howard H. Sherin, a patent attorney in Scottsdale, Arizona. According to information from Sherin’s social networks, he works in Silicon Valley, where he “studied and actively participated in the cryptocurrency revolution.”
