Teen Arrested for Creating Malware That Steals Cryptocurrency Wallet Passwords

Teen Arrested for Creating Malware That Steals Cryptocurrency Wallet Passwords
  • 3
    May

Teen Arrested for Creating Malware That Steals Cryptocurrency Wallet Passwords

Japanese police have arrested a 17-year-old boy on suspicion of creating malware that steals private keys (passwords) that are used to access cryptocurrency wallets. He’s also under investigation for using these passwords to steal funds from victims, albeit no charges have been filed.

According to an arrest warrant seen by Mainichi Shimbun reporters, the teenager hid the malware he created inside an application for viewing cryptocurrency market data in real time.

The teen then shared the trojanized app online. Police say that one of the places he shared his program was a forum for Monacoin users. Monacoin is just one of the many Bitcoin-offshoot cryptocurrencies, advertised as “the first Japanese cryptocurrency,” and currently ranked 88th on CoinMarketCap based on market value…… read full article