An IT specialist was jailed for 20 months at Liverpool Crown Court docket on June 11, after stealing cryptocurrency price over £30,000 ($38,000).
In response to the St Helens Star, self-employed contractor Mark Andrews of St. Helens had been employed to repair an organization’s pc techniques final yr, when he discovered and stole digital belongings belonging to the corporate proprietor.
IT contractor given the “keys to the dominion”
The sufferer had beforehand purchased a amount of cryptocurrency which he had saved in a non-public folder on his enterprise community. By April 2019 the worth of this had risen to £31,244 ($40,000).
He employed Andrews to handle points with the enterprise’s IT software program, paying £1,320 ($1,720) for the work.
Nonetheless, whereas Andrews had entry to the corporate community, he gained entry to the sufferer’s non-public folder and stole the entire cryptocurrency held.
Watch out who you belief
When the sufferer realized what had occurred he reported it to the police, who seized Andrews’ pc and found the transactions.
Police managed to get better £17,000, though Andrews had already allegedly spent £14,000 clearing his money owed. He was additionally discovered to have 4 earlier convictions for offences together with acquiring property by deception.
Earlier than jailing Andrews, the courtroom was instructed that he felt “very silly” and “can not imagine what he did.” A sufferer assertion from the businessman whose cryptocurrency was stolen, stated that the incident had actually affected his skill to belief individuals.
Whereas the quantity of cryptocurrency stolen on this incident is a drop within the ocean in comparison with the $1.4 billion stolen in the first five months of 2020, it does spotlight the necessity to concentrate on keys being held on units present process service or upkeep. It additionally reminds the general public that not all cryptocurrency is stolen in high-profile hacks.
— to cointelegraph.com