{"id":595117,"date":"2023-01-07T12:49:34","date_gmt":"2023-01-07T18:49:34","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/07\/chinese-criminal-steals-4-1m-in-crypto-from-victims-car\/"},"modified":"2023-01-07T12:49:34","modified_gmt":"2023-01-07T18:49:34","slug":"chinese-criminal-steals-4-1m-in-crypto-from-victims-car","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/07\/chinese-criminal-steals-4-1m-in-crypto-from-victims-car\/","title":{"rendered":"Chinese criminal steals $4.1M in crypto from victim\u2019s car"},"content":{"rendered":"
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\"Chinese Chinese criminal steals $4.1M in crypto from victim\u2019s car<\/span> Zeynep Geylan \u00b7<\/span> 3 hours ago<\/span> \u00b7 1 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n

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The attacker used the investor’s facial ID to unlock his wallet and transferred the funds to his own address.<\/p>\n

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<\/a><\/p>\n<\/div>\n

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1 min read<\/span><\/p>\n

Updated:<\/span> January 7, 2023 at 12:17 pm<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\"Chinese<\/p>\n

Cover art\/illustration via CryptoSlate<\/p>\n<\/div>\n<\/div>\n

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\"Haru <\/a><\/p>\n

An attacker used a crypto investor\u2019s facial ID to unlock his wallet by force and transferred $4.1 million to his own address in China on Jan.1, as reported by local<\/a> news outlets.<\/p>\n

The attacker located the investor in an on-site gathering hosted for crypto investors. After the event, the attacker followed the investor to the car park and restrained him in his car. Then, the attacker forcibly used the investor\u2019s facial recognition to unlock his phone and crypto wallet.<\/p>\n

After converting the investor\u2019s funds to Tether (USDT), the attacker transferred the total amount to his own wallet, which added up to 4.1 million USDT.<\/p>\n

Once the transfer was completed, the attacker left the crime scene. The investor immediately applied to the legal authorities.<\/p>\n

Legal action<\/h2>\n

Chinese legal frameworks recognize Bitcoin as a \u201cspecific virtual commodity,\u201d which implies that it has valuable properties and can be subject to theft. Moreover, the essential technical attributes of crypto also place it as \u201cvaluable computer data,\u201d which falls under the scope of a computer information system protected by criminal law.<\/p>\n

Based on these legal frameworks, while crypto is banned in China, the attacker is still considered a thief. The prosecutors released an arrest warrant for the attacker and will sentence him to either four years in prison and a $1,462.33 (10,000 Chinese Yuan) fine or two years in jail and an $877,40 (6,000 Chinese Yuan) fine.<\/p>\n

Referring to this case, Chinese law enforcement warned crypto investors against flaunting their wealth, wearing coin logos to draw attention, and going to remote places to meet strangers.<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Zeynep Geylan<\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese criminal steals $4.1M in crypto from victim\u2019s car Zeynep Geylan \u00b7 3 hours ago \u00b7 1 min read The attacker used the investor’s facial ID to unlock his wallet and transferred the funds to his own address. 1 min readUpdated: January 7, 2023 at 12:17 pm Cover art\/illustration via CryptoSlate An attacker used a<\/p>\n","protected":false},"author":1,"featured_media":595118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[933,2552],"tags":[],"class_list":{"0":"post-595117","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chinese","8":"category-criminal"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/595117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=595117"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/595117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/595118"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=595117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=595117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=595117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}