China Arrests Three Suspects for Bitcoin Robbery

China Arrests Three Suspects for Bitcoin Robbery

According to South China Morning Post, three seasoned hackers have been apprehended by domestic police in conjecture to an $87 million cryptocurrency robbery.

The three suspects have been under surveillance for some time and were arrested in different locations across China: Zhou from Hunan province, Cui was found in Beijing, and Zhang in Jilin province.

Xian police began investigations after receiving a complaint from someone whose computer had been remotely broken into and where around $14 million worth of Bitcoin and Ethereum were embezzled. Police consigned the help of anonymous local internet companies to probe into thousands of bits of data.

This investigation has the most expensive amount of cryptocurrency stolen in China to date.

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