A boy has been arrested over a $50 million cryptocurrency theft – the biggest ever heist from one person.
A boy has been arrested over a $46 million cryptocurrency theft – the biggest ever heist from one person.
Cops swooped on the Canadian boy after he hijacked the mobile phone of his victim and swindled his digital fortune, The Sun reported.
He targeted his victim by a SIM swap attack which saw him duplicate phone numbers and intercept two-factor authorisation requests.
The crook snatched about $46 million Canadian dollars (A$50 million) worth of cryptocurrency in total, police said.
It is the largest ever sum stolen from one person.
The boy splashed the funds on an online username that was “considered to be rare in the gaming community”.
The transaction led investigators to uncover the identity of the account holder.
The youth, from Hamilton, Ontario, in Canada, was arrested for theft and possession of property or proceeds of property obtained by crime.
His fortune was one of several crypto seizures totalling more than $7 million Canadian dollars in a single day.
This article originally appeared in The Sun and was reproduced here with permission.
Originally published as Boy arrested over $46 million crypto theft in biggest-ever heist from one person
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