Explore
Crypto News
Altcoin
China’s Largest Security Company Executives Arrested for Stealing Altcoin
China’s largest security company executives have been arrested for stealing altcoins from a victim, according to an official statement from China.
Author:
Mete Demiralp
25.06.2024 – 19:14
Update:
24 mins ago
0
Several executives of 360, China’s largest security company, have been sentenced to three years in prison with extended probation. They were charged with exploiting the Yapi remote code execution vulnerability to gain unauthorized access to a cryptocurrency website and stealing 3015.9 Dash (DASH) altcoins.
The elaborate scheme unfolded between February 9-20, 2023. The criminals, identified as Hongmou, Yangmou, and Zhangmou, infiltrated the target cryptocurrency website by exploiting the Yapi vulnerability. They then gained control of intranet servers through horizontal infiltration and Trojan planting. Subsequently, they downloaded and analyzed the server’s source code to locate the victim’s cryptocurrency wallet address and private key.
Related News
Current US President Joe Biden Launches Counterattack Against Trump’s Cryptocurrency-Friendly Moves
Armed with this information, they created a fake instruction to transfer cryptocurrencies from the victim’s wallet. The stolen Dash coins were later exchanged for other cryptocurrencies and sold, resulting in over 2.5 million yuan of illegal income.
At the time of writing, DASH is trading around $23, indicating that the total value of the stolen DASH tokens is approximately 70 thousand.
*This is not investment advice.
To invest in more than 300 cryptocurrencies, you can register with Binance exchange with 20% COMMISSION DISCOUNT from this link!
Follow our
Telegram
and
Twitter
account now for exclusive news, analytics and on-chain data!
Notification from Comments
Notify me when a new reply is received
Label
Name:
Mail
Δ
Label
Name:
Mail
Δ
0
Comments
Inline Feedbacks
View all comments