• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Pakistan Announces Bitcoin Reserve Strategy Led by Saqib

    Bitcoin ETFs See $9B Inflows as Gold Funds Decline

    K33 Launches $6.2 Million Bitcoin Investment

    UK Government Rejects Strategic Bitcoin Reserve Plan

    Bitcoin MACD Signals Mixed Market Momentum

    Bitcoin Analyst Signals Bullish Shift Amid MACD Changes

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Dogecoin Poised for Potential $1 Surge by 2025

    USD1 Stablecoin Becomes Restakeable on Kernel DAO

    Trump Considers Including XRP in Crypto Reserve Plan

    U.S. Court Freezes $57.65 Million USDC in LIBRA Case

    Court Halts $57M USDC Linked to LIBRA Scandal

    US Court Freezes $57.65M USDC in Libra Memecoin Case

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Three Chinese Hackers Stole Cryptos Worth of $87M

Anca F. by Anca F.
August 20, 2018
in Altcoin News, Latest News

Chinese authorities have apprehended three suspects in the most prominent cryptocurrency hack that has ever taken place in the country, where nearly 600 million yuan ($87 million) were stolen.

The police closed an investigation which lasted almost six months which involved three men who allegedly were involved in the hack that stole Bitcoin and Ether, according to initial reports made by Huashang News on August 19.

The report further stated that the investigation that led to the arrest of the group of hackers started in March when the cyber theft was reported by the victim. The losses were estimated at that time to a total of 100 million yuan.

“On March 30, 2018, the Xi’an Public Security Bureau received an alarm from the victim Zhang, saying that his personal computer was suspected of being illegally invaded. A large number of virtual currencies such as Bitcoin and Ethereum were looted and the market value reached 100 million yuan. The Municipal Public Security Bureau quickly set up a task force to carry out the investigation,” read the report made by Xinhua.

 “Our bureau has not dealt with this kind of case before,” South China Morning Post quotes a police officer stating that “It’s the first virtual currency-related case in Shaanxi.”

After examining over “30,000 pieces of information” which were in relation to the event and the suspects, the culprits were apprehended on Wednesday last week.

After the investigation conducted in association with unnamed websites, police found the suspect named Zhou, who is believed to have forcibly accessed the account and transferred them to his wallet. then the two other accomplices were found, their criminal records show that they are also expert hackers.

 “After preliminary investigation, the suspects used remote hacking techniques to remotely control theft of highly secure virtual currency accounts without any operation of the victim, and almost no trace of committing crimes. Rare case.”

The three individuals face charges of involvement in illicit operations on the networks of organizations and personal ones to gain forced access to cryptocurrency holding worth of 600 million yuan, around $ 87 million.

Legal proceedings are still in progress. Although this is not the first case to have hit the country, it is definitely the hack that has made off with the most cryptos.

Tags: $87 milion hack600 million yuan stolenChinachinese hackerscryptocurrency hacksuspects arrested
Previous Post

Coinberry to Allow 1.2 M BRD Customers Benefit from No-Fee Trading Services

Next Post

The Individual Behind the BitConnect Scam Schemes Was Arrested

Anca F.

Anca F.

Related Posts

U.S. Court Blocks Tariffs, Sparks Futures Rally

by Solomon M.
May 29, 2025

U.S. court blocks tariffs, boosting equity futures. Market impacts and expert insights analyzed.

White House Advisor Confident in Tariffs Reversal

by Solomon M.
May 29, 2025

White House advisor Kevin Hassett predicts a reversal of the recent court decision halting tariffs.

Bybit Granted MiCA License in Austria for EU Operations

by Solomon M.
May 29, 2025

Bybit secures MiCA license in Austria, expanding EU market operations under new regulatory framework.

Dogecoin Poised for Potential $1 Surge by 2025

by Solomon M.
May 29, 2025

Dogecoin, forecasted to potentially reach $1 by mid-2025, shows bullish trends according to recent analyses.

USD1 Stablecoin Becomes Restakeable on Kernel DAO

by Solomon M.
May 29, 2025

WLFI integrates USD1 stablecoin with Kernel DAO, broadening DeFi security and earning potential.

Crypto Market Sees $291 Million Liquidations Amid Volatility

by Solomon M.
May 29, 2025

Massive $291 million crypto liquidation impacts Bitcoin, Ethereum traders in 24 hours.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.