The first court to handle the Hack of the Digital Currency Wallets was formed in Japan

The first court to handle the Hack of the Digital Currency Wallets was formed in Japan
Abstract

For the first time in Japan, an 18-year-old youngster has been tried in court for allegedly theft of digital currency cybersecurity.

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For the first time in Japan, an 18-year-old youngster has been tried in court for allegedly theft of digital currency cybersecurity.

According to the Japan Times, the 18-year-old japanese accused, who was not named, was from Utsunomiya, Tochigi, and his crime was a monopoly digital currency stealing about 15 million yen (equivalent to $ 134,340) from users. It should be noted that under the law of Japan, young people reach the age of twenty.

It was said that the young man hacked several Monappy currency wallets from August 14 to September 1, 2018 and, through the vulnerability on his website, sent several requests to send his account to his account and about 7,700 users This service has been damaged.

After that, he transferred the stolen tokens to his account on another digital currency platform, where he converted Monacoin into another digital currency. According to available reports, the capital has been used to purchase items such as smartphones.

According to the Japanese police, the 18-year-old admitted to committing crimes. According to the Japan Times, he says:

I felt like I had discovered a trick that nobody knew about, and then I went through a video game like that.

The Monappy website since the onset of this hack is offline, and it is written now that "Monappy services have been suspended due to external attacks."

In November, the Monappy reported posting in Medieval that the direct repairs of the vulnerabilities had been completed and that the service would resume its activity after the final security check.

Japan over the past few years with a huge hack of coincheck dealers ($ 533 million), Mt. Gox ($ 350 million), and Zaif ($ 60 million), have repeatedly seen theft of digital currencies.

In a case concerning the collapse of Mt. Gox, former director of Mark Karpelés, was released on charges of embezzlement and misconduct, but was summoned by the Tokyo court on charges of manipulating currency data. According to a court ruling, Karplos was sentenced to two and a half years in prison.



Source: coindesk

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