Tuesday, January 26, 01:59
Home security Japanese hacker steals 134.300 dollars into a digital currency

Japanese hacker steals 134.300 dollars into a digital currency


An 18 Japanese hacker, was arrested by the authorities as he allegedly stole 134.300 dollars in a digital currency.

The offender is reportedly able to gain access to one Cryptocurrency site and steal a large amount of money, according to the Japanese Times. This is the first time that prosecutors in Japan needed to investigate a case involving theft of cryptocurrencies by a single person.

The alleged perpetrator is a resident of Utsunomiya in Tochigi Prefecture. However, his name was not revealed, since under Japanese law he is still considered a minor.

Police reported that theft occurred between 14 August and 1 September 2018, from a site called Monappy, mostly used by traders, to manage the Monacoin digital currency.

In order to hide his personal data, the hacker allegedly used the Tor peer-to-peer encryption software (P2P). However, despite attempts to cover his traces, the researchers eventually managed to find the culprit after analyzing the logs found in the north of Monappy.

According to local authorities, the accused admitted that he was involved in financial crime.

Although it is unclear how the attacker managed to steal the money, police officers said he was able to use a vulnerability in the site's codebase, which also includes sending money to users.

For his part, the hacker claimed to have found a security gap where the site's trading system is defective. The actor has repeatedly requested to transfer digital coins to his account, which led to a system crash. This allowed him to transfer a large amount of money to his address.

About 7.700 investors using the Monappy site have been affected by security breaches. Commenting on the incident, Monappy's administration acknowledged that her site had been tampered with and said she would compensate the victims.


Please enter your comment!
Please enter your name here

Absent Mia
Absent Miahttps://www.secnews.gr
Being your self, in a world that constantly tries to change you, is your greatest achievement



COVID-19 vaccines: Ways to protect supply chains

The development of vaccines for COVID-19 in such a short period of time has created many challenges and these are not only related to ...

How do insurance companies "enhance" ransomware attacks?

Ransomware attacks have increased significantly, with experts warning that their victims should not pay ransom to hackers ....

Russia: "US may be planning retaliation for SolarWinds hack"!

The Russian government warns the country's organizations about possible cyber attacks that the US may carry out, as "retaliation" for the hack ...

iPhone: How to see which apps have access to your contacts

Some iPhone privacy issues go deeper than accessing your contacts list, which exposes your contacts to ...

COVID-19: Google makes vaccination clinics available

Google CEO Sundar Pichai said Monday that the company will make its facilities available to become clinics ...

Netflix offers "studio quality" audio upgrade on Android

Do not be surprised if Netflix sounds better the next time you run a marathon with rows on your Android phone ...

Will Bitcoin return to $ 40.000? There is concern!

Bitcoin lovers who take his return above the level of $ 40.000 for granted have been worried because the demand ...

Avaddon ransomware: Its operators threaten with DDoS attacks to get ransom!

Lately, more and more ransomware gangs tend to threaten their targets with DDoS attacks in order to secure profits ....

Volunteer firefighters will be trained through VR simulation

Volunteer firefighters in the Australian state of Victoria will soon have access to the virtual reality (VR) training that will be available in ...

Tesla: Accuses its former employee of stealing her confidential data!

On January 23, Tesla sued former employee Alex Khatilov for stealing 26.000 confidential documents, including trade secrets. The software ...