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news.com.au 17 Nov, 2021 22:15 am

Canadian boy steals $50m worth of cryptocurrency in world’s largest individual theft

Canadian boy steals $50m worth of cryptocurrency in world’s largest individual theft
A boy has been arrested over a $46 million cryptocurrency theft – the biggest ever heist from one person.

A boy has been arrested over a $50 million cryptocurrency theft – the biggest ever heist from one person.A boy has been arrested over a $46 million cryptocurrency theft – the biggest ever heist from one person.The crook snatched about $46 million Canadian dollars (A$50 million) worth of cryptocurrency in total, police said.His fortune was one of several crypto seizures totalling more than $7 million Canadian dollars in a single day.

The youth, from Hamilton, Ontario, in Canada, was arrested for theft and possession of property or proceeds of property obtained by crime.He targeted his victim by a SIM swap attack which saw him duplicate phone numbers and intercept two-factor authorisation requests.

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