Particle.news
Download on the App Store
4 ARTICLES
·
3mo ago

24-Year-Old Arrested in Paris for Alleged €210 Million Cryptocurrency Theft

The suspect is accused of hacking the South Korean exchange Coinrail in 2018, with the stolen funds' value soaring due to cryptocurrency price increases.

Cet homme de 24 ans a été placé en détention provisoire mardi.
Image
Image

Overview

  • A 24-year-old man has been placed in provisional detention in Paris for allegedly hacking the cryptocurrency platform Coinrail in 2018.
  • The stolen funds were initially valued at €26 million but have since risen to €210 million due to cryptocurrency market growth.
  • The suspect faces charges including organized theft, organized money laundering, and tampering with automated data systems.
  • Authorities seized luxury items and bank account funds, and the suspect's partner is under judicial control for alleged involvement in laundering the stolen funds.
  • International cooperation with South Korea, Morocco, Monaco, and the UAE was critical in tracking the suspect, who was arrested upon returning from Saint-Barthélemy.