Hacker Arrested for Stealing from Vietnamese Crypto Exchange

Must read

A hacker who stole money and data from a nearby cryptocurrency exchange was apprehended and given a sentence by authorities in Vietnam.

The individual who was detained and accused of extorting the proprietor of the trading platform has been told to restore the funds he stole.

Hacker from Vietnam is imprisoned for attacking a cryptocurrency exchange website

After subjecting a cryptocurrency entrepreneur’s coin trading website to cyberattacks, a Ho Chi Minh City citizen stole 300 million Vietnamese dong (about $13,000) from him and was sentenced to 10 years in prison.

The hacker, Nham Hoang Khang, was charged with extortion and given a sentence on Friday by the city’s People’s Court, according to the English-language VN Express daily.

Vu Ngoc Chau founded the cryptocurrency exchange in 2018 with the goal of bringing together buyers and sellers of cryptocurrencies while charging a fee for the transactions it facilitated.

Khang used his phone in October 2020 to set up numerous accounts on the platform.

He found that T-rex.exchange has a number of security flaws that could be used to steal both data and virtual money.

The hacker was successful in taking over a T-rex employee’s account the next month and about 30,000 USDT.

When Khang realized he could no longer access the compromised account, he stole the personal information of 29,000 clients and generated a huge number of fictitious orders while threatening to launch more assaults.

After receiving numerous threats, Chau, the business’s owner, instructed his staff to send Khang 300,000,000 dong.

- Advertisement -

More articles

Latest article