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.
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.
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 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.