Australian police arrested Sydney women over $450,000 crypto theft

Australian police on Thursday arrested a 23- year old women in a charge for stealing cryptocurrency worth of $320,000 (nearly to $450,000 AU).

According to the reports, “the women hacked into and changed the password of a 56-year old man’s email account, and then she used her mobile phone to gain access of the man’s cryptocurrency wallet and transferred 100,000 XRP to an account in China.”

In a statement issued by Arthur Katsogiannis, Detective Superintendent at New South Wales Police said: “It’s the first that we know of its type in Australia where an individual has been arrested and charged for the technology-enabled theft of cryptocurrency.”

“This is the first and largest cryptocurrency theft by a single person and expects this type of crime to increase in coming years,” Detectives added.