Turkey Police Detain 24 Suspects Associated in Crypto Firm Hacking

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According to local media Daily Sabah reported on 12th Feb., Turkish police have detained 24 people associated in a 13 million Turkish Lira ($2.47 million) hack from an unnamed crypto firm in Istanbul.

Following the report of an alleged hack from a crypto related firm in Istanbul, the city police’s Cybercrime division noticed that the stolen money was moved out straight from hacked accounts to accounts on other exchanges. The money was stolen in major digital currencies including Bitcoin, Ripple, Ethereum.

Turkish Police also launched an operation to follow the suspects and learned that the suspected individuals were communicating through popular online multiplayer battle royale game PUBG (PlayerUnknown Battlegrounds).

AS per the report, the police raids were conducted in eight Turkish provinces, including Istanbul, Izmir, Ankara, Afyonkarahisar, Edirne, Antalya, Bolu, and Bursa. As a result of that, the police have seized 54,000 TRY or around $10,000 in cash and 1.3 million lira worth of digital currency (around $246,000).

Twenty-two suspects were referred to the Istanbul Courthouse in Çağlayan. Meanwhile, the other two were released by prosecutors after their legal procedures were completed at the police station.

Prior today, the New Zealand Police have stated that recently hacked digital currency exchange Cryptopia was ready to be relaunched and continue operations, while the exchange’s website was still offline with its social media also dormant.

At the start of Feb 2019, a 20-year-old American declared guilty to the robbery of $5 million in digital currency from 40 victims through SIM swapping and accepted a plea deal of 10 years in prison.