Australian Woman Arrested For Pilfering $65,000 Worth Of XRP

Oct 25, 2018 at 21:15 Update Date :Oct 25, 2018 at 21:15 UTC

The New South Wales police have nabbed a 23-year-old woman in case of stealing $65,000 worth of cryptocurrency from the electronic account of the victim.

The victim, in this case, is a 56-year-old man who fell into this half million AUD crypto scam. The old man lost his 100,000 XRP when the prices in the market were at the peak. At the time of this theft, digital currency was trading at around 3.18 U.S. Dollars. At present 100,000 XRP equivalents to 65,000 USD.

As per the reports of Brisbane Times, the culprit hacked the email account of the victim in the month of January. With the two-step verification feature, she was able to change the password and verified it with her cell number. Later, she transferred around 100,000 XRP into her account from the crypto accounts attached to the email account.

They somehow managed to convert the money into BTCs and were successful in transferring it to a number of e-wallets. The time when victim recovered his account, the woman had stolen all the bucks from his accounts.

In January this year, the state cybercrime team has set up Strike Force Rostrevor in order to investigate the case. The victim told the investigation team that his account was hacked a month before he was looted. He was losing control over this account and as per him; his account was locked for two days in the month of January.

The culprit woman was booked in the jail, charged with allegations of crime. As of now, she is not living in the jail; she has been given bail ordered to show her before the court on November 19, 2018.

There are multiple hacks occur in a year. About a month ago, Japanese crypto firm Zaif lost cryptocurrency worth 60 million U.S. Dollars which was stored in their hot wallets. This scam is much similar to the hack that occurred with the exchange Coincheck in early 2018.

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