After a 14-month long investigation, they concluded that the theft cumulated a total of EUR 24 million cryptocurrency. The fraudulent action targeted users’ Bitcoin tokens, and it is believed to have affected at least 4 000 victims in 12 countries. This case was referred to the European Cybercrime Centre (EC3) and the Joint Cybercrime Action Taskforce (J-CAT) hosted at Europol after the British authorities identified possible suspects living in the Netherlands.
The investigation relates to typosquatting, where a well-known online cryptocurrency exchange was ‘spoofed’ or recreated to imitate the genuine site. This is usually done by fraudsters to gain access to victims’ Bitcoin wallets, stealing their funds and login details.
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