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THREE BULGARIANS ARRESTED FOR STEALING CRYPTOCURRENCY

THREE BULGARIANS ARRESTED FOR STEALING CRYPTOCURRENCY

Three Bulgarians were arrested and accused of stealing cryptocurrency worth about $5 million, the Interior Ministry and the prosecutor’s office said on Monday.

Police seized cryptocurrencies worth about $3 million, as well as computers used by the suspects. They also found notebooks with accounts of real and fictional people used in fraud.

The prosecutors stated that the suspects had very good knowledge of the cryptocurrency trade and used innovative methods and specialized theft software.

Thieves and fraudsters remain a major problem for the cryptocurrency industry. Cryptocurrency cybersecurity and intelligence firm CipherTrace estimates that close to $1 billion was stolen in the first nine months of 2018 alone.

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