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Japan: Hacker Involved in 15 Mln Yen Crypto Theft Referred to Prosecutors | | Cryptocurrency news. Breaking news on cryptocurrency.
An 18-year-old cryptocurrency hacker was reportedly referred to prosecutors in the Japanese city of Utsunomiya for the theft of 15 million yen worth of cryptocurrency. An 18-year-old hacker was referred to prosecutors in the Japanese city of Utsunomiya for stealing cryptocurrency, local news outlet Japan Today reported on March 14.The cybercriminal allegedly hacked Monappy, a digital wallet which can be installed on a smartphone, and stole 15 million yen ($134,196) of cryptocurrency between Aug. 14 and Sept. 1 of last year. The hack reportedly affected more than 7,700 users.The hacker reportedly used the Tor software that enables users to anonymize web traffic. However, the police identified the hacker by analyzing the communication records stored on the website's server. According to Japan Today, the hacker admitted to the allegations.The attacker submitted multiple cryptocurrency transfer requests to his own account, which overwhelmed the system and allowed him to direct more funds