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Cyber Security

18-Year Old Arrested in Japan for Stealing $130k in Cryptocurrency

A Japanese 18-year-old faces criminal charges for stealing $130,000 (around ..15 million) worth of cryptocurrency after hacking the Monappy social media network and Monacoin web-based wallet. He stole 93078.7316 Monacoins from 7735 Monappy users between August 14 and September 1, using a smartphone and Tor in an unsuccessful attempt to stay anonymous. Monappy announced on November 21 that the service is shut down but that it will be resumed once an ongoing security check performed with the help of external security experts will conclude that the users’ safety is guaranteed.

Source: https://www.bleepingcomputer.com/news/security/18-year-old-arrested-in-japan-for-stealing-130k-in-cryptocurrency/

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