Home Crypto Crypto Exchange Employee Siphons Bitcoin, Admits to Stealing Private Keys

Crypto Exchange Employee Siphons Bitcoin, Admits to Stealing Private Keys

An ex-employee of the collapsed New Zealand-based cryptocurrency alternate Cryptopia says he stole about $177,000 in crypto from his employer.

The theft of the digital property befell months after the alternate suffered a hack in January of 2019, an occasion that resulted within the lack of cryptocurrencies valued at over $17.7 million, in accordance to a report by New Zealand’s information outlet Stuff.

The ex-employee, whose id stays undisclosed, tells the Christchurch District Court that he obtained the personal keys of the varied cryptocurrency wallets held by Cryptopia and saved them in a USB flash drive.

The worker claims to have compiled personal keys to hundreds of wallets which held crypto property price over $70 million.

The theft started to unravel after an accounting agency performed a overview of wallets in a bid to assist a former Cryptopia shopper who had mistakenly deposited Bitcoin to the defunct alternate’s pockets.

In the method, the agency found 13 Bitcoin had been stolen from the shopper.

Eventually, the previous worker despatched an e-mail stating that he stole the crypto and that he would return the property in alternate for leniency.

The Christchurch District Court has now convicted the Cryptopia ex-employee and can sentence him in October.

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