On Monday, Bulgarian prosecutors released a statement saying local police had arrested three men for stealing approximately $5 million worth of cryptocurrency.
The police managed to return only 3 million, the remaining 2 million dollars were missing. Authorities also seized a vehicle belonging to one of the defendants, valued at $34,800, which was purchased with stolen funds. Computers, hard drives, flash drives and several laptops were also confiscated. Laptop data indicates that the scammers used a range of different accounts, both real and fake, to steal cryptocurrencies.
Prosecutors said the defendants turned out to be excellent technical experts, which is how they were able to steal so much money. After the arrest, two men were detained, the third was released on bail in the amount of $29,000.
Thieves and scammers remain a serious problem for the cryptocurrency industry. According to cybersecurity analytics company CipherTrace, nearly $1 billion has already been stolen in 10 months of 2018. Although regulators, especially in the US, have busted many illegal cryptocurrency transactions, relatively few criminals have been caught stealing digital funds.
According to financemagnates.com
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