Virtual

The Ministry of Public Security has supervised the resolution of a major case involving virtual currency hacking, where 5 individuals illegally profited over 6.4 million yuan by stealing 200 million pieces of personal information

ChainCatcher news, according to Phoenix Network, the Public Security Bureau of Neijiang City, Sichuan Province held a press conference announcing that the Neijiang police recently cracked a case of illegally obtaining computer system data, which was supervised by the Ministry of Public Security, and arrested 5 people. It is reported that the gang consists of high-end "hackers" engaged in network technology, one of whom is an employee of a large cybersecurity company. They obtained citizens' personal information by writing hacking programs to gain unauthorized access, and ultimately sold citizens' personal information on overseas websites for virtual currency, with prices reaching up to 5 yuan per piece.According to police investigations, the case involves 57 government and enterprise websites, and the gang stole 208 million pieces of citizens' personal information, including flight trajectories, diplomas, and addresses, with illegal profits exceeding 6.4 million yuan. The special investigation team seized illegal gains of over 5.6 million yuan, confiscated more than 30 sets of core code for hacking tools written by the suspects, over 10 hacking virtual machine penetration attack systems, and 270 penetration scripts. The case has now been transferred for prosecution and is currently under trial.

A man in Xiamen was prosecuted for theft for stealing someone else's virtual currency

ChainCatcher news, according to Xiamen Evening News, a man stole virtual currency from others and cashed out over 1.6 million yuan after incurring losses while helping a friend invest in futures. Recently, the Huli District Procuratorate in Xiamen, China, reviewed and prosecuted this theft case.In September 2021, the defendant Chen met the victim Hong through a friend's introduction. Hong entrusted Chen to help operate virtual currency investments and provided his account and login password.At the end of September 2022, Chen fabricated a story about the account being offline to trick Hong into providing various verification codes. He then successfully changed the account's login password and replaced the linked email with his own. At this point, Hong's account was under Chen's control.After that, Chen repeatedly used the excuse of the account being offline to deceive Hong into giving real-time verification codes, continuously transferring the virtual currency from Hong's account to his own. He then quickly sold these virtual currencies for a profit of over 1.6 million yuan, using all of it to repay personal debts.In May 2024, Chen voluntarily went to the police station to confess and truthfully admitted to his crimes.The Huli District Procuratorate filed a public prosecution against Chen for theft. According to Article 264 of the Criminal Law, theft of public and private property, with particularly large amounts or other particularly serious circumstances, is punishable by more than ten years of fixed-term imprisonment or life imprisonment, and may also involve fines or confiscation of property.
ChainCatcher Building the Web3 world with innovators