$15K Crypto Seized By Police After The Thief Mistakenly Disclosed Identity

$15K Crypto Seized By Police After The Thief Mistakenly Disclosed Identity

Connecticut police caught a person who had stolen over $15,000 worth of digital currency in a exceedingly mobile phone theft when he mistakenly sent an apology email to a detective heading the investigation.

Back in April, a Connecticut resident fell victim to a cryptocurrency theft by New Jersey national Darren Carter, whereby the latter swiped the victim’s mobile phone and allegedly transferred $15,472 worth of crypto from their Coinbase account. Carter later on converted the funds to U.S. bucks that he transferred to his PayPal account, New Jersey-focused news outlet New Jersey.com reported on Sept. 2.

Carter determined to apologize to the victim via email, but he erroneously sent the letter to a detective work the case. The police who arrived to arrest Carter for identity theft found him already sentenced within the Salem County jail for unrelated charges. The Police authorities recovered the stolen funds from PayPal and returned them to the victim.

Crypto crimes proliferate

In late August, Top Market Group reported that Katherine Nguyen , Australian citizen pleaded guilty to stealing $450,000 in XRP — over 100,000 tokens — in January 2018. Nguyen had hacked into the e-mail account of a person with a similar last name.

Also this summer, a former employee at Microsoft was arrested for a scheme to steal $10 million in cryptocurrency. throughout the seven months of his theme, $2.8 million was found to possess been transferred into his bank accounts.

As blockchain security company CipherTrace recently reported, cyber criminals netted $4.3 billion from digital currency exchanges, investors and users in 2019. within the first quarter of 2019, hackers reportedly stole over $124 million from cryptocurrency exchanges, with a total of $480 million stolen from exchanges in 2019.

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