#bitcoin-theft

#bitcoin-theft

Ping Fai Yuen, a UK resident, held 2,323 Bitcoin in a Trezor hardware wallet in 2023. On Aug. 2 of that year, the full balance was transferred without his knowledge. The funds were later split across 71 separate addresses through a series of transactions. No movement has been recorded since Dec. 21, 2023.

In the latest in a string of violent crypto robberies, a four-person gang held a Canadian family hostage overnight and stole about $2 million CAD ($1.6 million USD) in Bitcoin. The attackers threatened to kill the family, waterboarded the mother and father, and sexually assaulted their daughter after invading their Vancouver-area home. The crime occurred in April 2024, but the details of the scene were revealed last week in a sentencing report by a British Columbia judge, first reported by CBC.

Beijing's National Computer Virus Emergency Response Center (CVERC) said the theft was not the work of outside hackers. Instead, the agency called it a "state-level operation" allegedly orchestrated by U.S. intelligence. The seized Bitcoin now sits at roughly $13.3 billion. The U.S. Department of Justice said the action followed standard legal procedures. Still, China called the move a "state-level cyber theft." Analysts say the dispute has turned a legal matter into a major geopolitical standoff.

Paul Chowles was convicted for stealing Bitcoin seized from Thomas White, involved in Silk Road 2.0. Chowles took 50 Bitcoin and concealed its origin.