A boy from Hamilton, Ontario, Canada has been arrested by law enforcement for the theft of $46 million (Canadian dollars) in cryptocurrencies. The theft in question was one of the largest robberies ever committed by a person. For details of the news Cryptocoin. com keep reading.
Amazing cryptocurrency theft from a child
The police managed to track down the boy who stole his victim’s cell phone and digital wealth. The kidnapper targeted his victim with a SIM swap attack that saw him duplicating phone numbers and blocking two-factor authorization requests. Police announced that the scammer seized a total of approximately C$46 million (£36m) worth of cryptocurrencies. The aforementioned crypto theft is said to be the largest amount ever stolen from a person.
The boy spent the stolen cryptocurrency on an online username “rare in the gaming community”. The transaction helped investigators identify the account holder. Arrested from Hamilton, Ontario, Canada for possession of property or property proceeds from juvenile, theft, and crime. The thief’s fortune consisted of cryptocurrency takeovers totaling over $7 million in one day.