Tag: theft

Aug 01 2022

South Korea-based Busan Bank’s employee steals 1.4B won in customer funds to buy crypto

Aug 01 2022 Published at CryptoSlate under tags  bitcoin regulation south korea theft

A foreign employee of South Korea-based Busan Bank stole roughly 1.48 billion won of customer funds and invested the money in crypto assets like Bitcoin (BTC), local media reported on August 1. According to the report, the employee stole the funds between July 9 and July 25. South Korea eyes...

Feb 04 2022

Son Almost Kills Father In Attempt To Steal $400,000 In Cryptocurrency

A son has been arrested and sentenced in a crypto crime that almost left his father dead. The son who had wanted to get his hands on his father’s crypto holdings but could not do so without getting access to his phone had turned to drugging his father and taking the phone off him. The series of events that follow is a rollercoaster...

Jan 08 2021

Firo Decides on Fate of Recovered Funds

Firo recently announced a poll to decide the fate of the recovered funds from a bug accident last year. The poll was published by Reuben, the project steward for Firo, who listed out several options to determine the fate of the recovered funds. Members of the Firo community are to vote according to how they want the...

Nov 30 2020

$100M of Bitfinex’s Stolen Bitcoin Is in Transit

Nov 30 2020 Published at Crypto Briefing under tags  hacks technology theft

Hackers responsible for a 2016 Bitfinex theft moved close to $100 million of Bitcoin today after crypto prices reached an all-time high. Nearly $100 Million Moved The hackers responsible for this transfer stole a total of 120,000 BTC from Bitfinex in August 2016. At the time, the British Virgin Island-based exchange lost $72 million in the hack. At 2 pm ET on Nov....

Nov 10 2020

Former Microsoft Employee Charged With First-Ever Bitcoin Tax Fraud in US

Nov 10 2020 Published at Crypto Briefing under tags  business money laundering taxes theft

A Ukrainian software engineer has been sentenced to nine years in prison after defrauding Microsoft of more than $10 million. Volodymyr Kvashuk transferred funds into Bitcoin as part of the elaborate ploy. Ex-Microsoft Employee Absconds With Millions Over a period of seven months during his time at Microsoft, Kvashuk stole millions of...

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