Police in Canada said they recently arrested a teenager suspected of stealing Cryptocurrency worth $ 46 million (around $ 36.5 million) from one individual in the US. According to the authorities in Hamilton, Ontario, a city about an hour west of Toronto, the incident was the biggest cryptocurrency theft involving one person.
Currency owners are victims of SIM swap attacks. Their cellphone number is hijacked and used to intercept the request of two factors authentication, thus allowing access to protected accounts. Some stolen money is used to buy the username of the online game “rare”, which ultimately allows Hamilton police service, as well as the FBI and Secret Service Electric Force Electronic Crimes, to identify account holders. The police confiscated around $ 7 million CAD ($ 5.5 million) in Cryptocurrency stolen when they arrested a teenager.
2021 has been a year of banners for theft of Crypto. In June, investors in South Africa lost nearly $ 3.6 billion in Bitcoin when the founders of one of the largest cryptocurrency exchanges in the country disappeared. The same month, police in England won around $ 158 million in various digital currencies. At that time, it was the greatest confiscation of its kind in the history of the country.
