Six arrested in European heist that netted £21M in cryptocurrency

News by Robert Abel

The arrest was carried out by the UK's South West Regional Cyber Crime Unit in a joint operation with the Dutch police, Europol, Eurojust and the UK's National Crime Agency after a 14-month-long investigation

Six people in the UK and Netherlands were arrested on charges stemming from the theft of €24 million (£21 million) worth of cryptocurrency.

The arrest was carried out by the UK’s South West Regional Cyber Crime Unit (SW RCCU) in a joint operation with the Dutch police (Politie), Europol, Eurojust and the UK’s National Crime Agency (NCA) after a 14-month-long investigation, said a Europol announcement.

The investigation stemmed from a case of typosquatting in which a well-known online cryptocurrency exchange was spoofed to gain access to victims’ Bitcoin wallets and steal their funds and login details. 

Five men and one woman were arrested in simultaneous warrants this morning at their homes in Charlcombe, Lower Weston and Staverton in the UK and Amsterdam and Rotterdam in the Netherlands, the release said. 

The heist is believed to have affected at least 4 000 victims in 12 countries, but more may have been affected.

This article was originally published on SC Media US.

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