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.
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