New South Wales Police have arrested a 23-year-old woman in connection to a case of theft involving over $450,000 worth of XRP. The theft incident occurred in January when 100,000 XRP were illegally removed from the online wallet of a crypto owner.
Details of The Alleged XRP Cryptocurrency Theft
In January, a cryptocurrency owner reported a breach of his email account to New South Wales Police command. According to the victim, the hack happened in December and he temporarily lost access to his email account in January. On regaining access, the victim realized that the hackers also gained access to his cryptocurrency wallet. 100,000 XRP units were missing from his e-wallet, leaving him with a near-zero balance.
The state police immediately commenced investigations, establishing a team – Strike Force Rostrevor to handle the case. Following months of investigation, the Strike Force Rostrevor armed with a search warrant searched the home of a woman in Epping and arrested her in connection to the theft.
The state police allege that the woman along with other accomplices gained illegal access to the victim’s email, changed the password and authentication phone number. The suspect then accessed the victim’s e-wallet and transferred over 100,000 XRP to a China-based cryptocurrency exchange.
According to news.com.au, the suspect was granted bail and will appear before a local court on November 19, 2018.
Following the details of this theft, the cybercrime division of the state police advised individuals to pay special attention to email accounts because they contain private information. Information that in the wrong hands, can compromise their financial and personal wellbeing.
As at the time of the theft, the 100,000 XRP units were valued at $450,000.
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