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18-year-old defendant in Japan’s first crypto theft

18-year-old defendant in Japan's first crypto theft
Tokyo, March 16 (IANS) In Japan's first case against a hacker over cryptocurrency theft, an 18-year-old boy was referred to prosecutors for allegedly stealing about $134,300 worth of cryptocurrency, The Japan Times reported.

For stealing the money, the boy allegedly hacked Monappy, a website where users can keep the cryptocurrency monacoin, last year.

Hailing from the city of Utsunomiya in the Tochigi prefecture, the boy made use of a software called Tor that makes it hard to identify the person accessing the system.

But an analysis of communication records left on the website's server led the police to find the person behind the hacking, the report said.

 

The boy has admitted to the allegations, according to the police.

"I felt like I'd found a trick no one knows and did it as if I were playing a video game," the boy, whose name was withheld because he is a minor, was quoting as saying.

The boy used the ill gotten money to buy items such as a smartphone, the police said.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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18-year-old defendant in Japan's first crypto theft

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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