Connect with us

Featured

Six arrested over theft of £22m worth of cryptocurrency | UK News

Published

on

Six people have been arrested over the theft of more than £22m worth of cryptocurrency, police in the UK and Netherlands have said.

Five men and a woman were detained on Tuesday morning at their homes in Charlcombe and Lower Weston in Bath, Staverton in Wiltshire, and Amsterdam and Rotterdam in the Netherlands.

More than 4,000 victims are believed to have been targeted around the world, according to the South West regional cyber crime unit.

The investigation relates to “typosquatting”, where a well-known online cryptocurrency exchange is “spoofed” – or recreated to imitate the genuine site – to gain access to victims’ bitcoin wallets, stealing their funds and login details.

Detective Inspector Louise Boyce said: “The investigation has grown from a single report of £17,000 worth of bitcoin stolen from a Wiltshire-based victim to a current estimate of more than 4,000 victims in at least 12 countries.

“We expect that number to grow.”

More follows…

Advertisement Find your dream job

Trending