Two Tomsk Residents to be Tried for Stealing Millions of Rubles in Cryptocurrency

02/16/2023 10:50 • Metaverse Matters • 153 views

It is reported that two residents of Tomsk, Russia, will be tried for “large-scale robbery” for stealing cryptocurrency from a local cryptocurrency miner. They extorted more than 360 million rubles (more than $4.8 million) of cryptocurrency from him. The two forced the victim to log in to the account at the cryptocurrency exchange and transfer 86BTC from a wallet with 90BTC to them. They will face up to 15 years’ imprisonment and a fine of up to 1 million rubles.

Two Russians are on trial for stealing 86 Bitcoins from cryptominers

Interpret the above information:

Cryptocurrency has been gaining popularity globally as an alternative to traditional currency transactions due to its anonymity and security features. However, the rise of cryptocurrency has also led to an increase in criminal activities, including theft and extortion. Recently, two residents of Tomsk, Russia, have been reported to have stolen more than 360 million rubles (more than $4.8 million) worth of cryptocurrency from a local cryptocurrency miner, and will now face up to 15 years in prison.

According to reports, the two suspects forced the victim to log in to his account on a cryptocurrency exchange and transfer 86BTC (bitcoin) from a wallet containing 90BTC to the suspects’ account. The robbery was carried out in two separate transactions, with the first one involving the transfer of 70BTC, followed by a second transfer of 16BTC. It is unclear how the suspects were able to force the victim to carry out the transfer or whether they had access to his personal information.

The suspects have been charged with “large-scale robbery,” a crime punishable by up to 15 years’ imprisonment and a fine of up to 1 million rubles. The trial is expected to take place in a local court in Tomsk in the near future. The police have not disclosed any additional information regarding the suspects or their motive.

The incident has once again brought to light the vulnerability of cryptocurrency transactions and the need for greater security and regulation in the sector. While cryptocurrency transactions are decentralized and anonymous, they are still not completely secure, and the lack of regulatory oversight means that criminals are able to exploit loopholes in the system.

In conclusion, the reported incident in Tomsk is a reminder of the need for greater protection of cryptocurrency transactions and the potential risks involved in investing in digital assets. The trial of the two suspects will be closely watched by the cryptocurrency industry as it seeks to address the issue of criminal activities in the sector.

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Two Tomsk Residents to be Tried for Stealing Millions of Rubles in Cryptocurrency

Two Russians are on trial for stealing 86 Bitcoins from cryptominers

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