Japanese Hacker Steals Over $130,000 in Cryptocurrency - Gets Arrested

Japanese police have caught and arrested an 18-year-old Japanese individual for the crime of stealing cryptocurrency, valued at over ¥15 million (approximately $134,300).

This is one of the first times that Japanese prosecutors have successfully investigated a case involving the theft of cryptocurrency (by an individual). Officials have stated that the accused was able to successfully perform this theft by hacking a cryptocurrency-related website.

Hacking of Monappy Cryptocurrency Trading Website

According to authorities, Monappy, a cryptocurrency exchange that traders use to manage the Monacoin cryptocurrency, was hacked with over $100,000 in cryptocurrency stolen. It has also been disclosed that the theft took place between August 14th and September 1st, 2018.

The name of the accused has not been disclosed, due to the fact that he is still considered a minor under Japanese law. However, it has been disclosed that the accused is a resident of Utsunomiya, Tochigi Prefecture.

Read more here:
https://www.bitcrypt.co/japanese-hacker-steals-cryptocurrency/