Connect with us

Hi, what are you looking for?

BlockChain News

Australian Hacker is Spending More than 2-year Prison for theft $300 XRP

currency Times
Australian Hacker is Spending More than 2-year Prison for theft $300 XRP

Australian Hacker is Spending More than 2-year Prison for theft $300 XRP

An appointed authority has condemned Australian resident Kathryn Nguyen to a limit of 2 years and 3 months in jail for her role in stealing more than 100,000 XRP tokens in January 2018.

As indicated by an Aug. 11 report in the Australian publication Information Age, Nguyen was condemned over the robbery of more than $300,000 in XRP two years back. She was at first charged in Oct. 2018 and confessed to extortion charges the next August.

australian hacker

Chris Craigie, the appointed authority managing Nguyen’s case, said it was a “troublesome and alarming choice” to send her to jail. The Australian national will allegedly be qualified for parole in October 2021.

First Australian crypto extortion case

Nguyen was one of the principal individuals to be accused of the burglary of crypto resources in Australia.

In January 2018, she supposedly hacked into the email of a 56-year-elderly person with a similar last name as her. She took all her XRP property before delivering control of the record two days after the fact. This was the point at which the crypto resource was close to its unequaled high of $3.84.

Read More: China’s Blockchain Based Service Network Has Launched An Official International Website

Nguyen supposedly moved the XRP property to a Chinese crypto trade where she traded the tokens for Bitcoin (BTC), sending them to numerous wallets in what may have been an endeavor to wash the assets. As per nearby media source 7News Sydney, experts in China were just ready to recoup generally $9,000.

XRP

XRP becomes undesirable

The estimation of XRP has since dropped to $0.30 as of this composition, making the measure of crypto taken worth roughly $30,000.

You May Also Like

Technology

Cybercriminals Adopt the Blockchain to Broadcast confidential Messages A group of analysts from SophosLabs represents that programmers working the crypto-jacking malware, Glupteba, have been...

Technology

PUBG unban in India soon as PUBG Corp. Will The Government Of India Unban PUBG? PUBG Mobile was Ban in India, PUBG organization has...

Technology

A standard method to execute Bitcoin could be powerless against double-spending, the new examination has found. Blockchain sleuths at ZenGo, a wallet startup, have...

BlockChain News

HDD mining, also known as “storage mining”, is a process of obtaining cryptocurrency based on hard disk memory. Compared with traditional POW mining, hard...