The Future Coin

Bitcoin

$13,786.63

BTC 1.77%

Ethereum

$386.10

ETH 0.64%

XRP

$0.24

XRP 0.75%

Litecoin

$55.68

LTC 3.11%

EOS

$2.52

EOS 0.08%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Opinion

Australian Jailed for Stealing XRP Crypto

by The Future Coin
August 12, 2020
in Opinion
0
Australian Jailed for Stealing XRP Crypto
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

An Australian woman has been jailed for her part in the theft of XRP cryptocurrency worth nearly $400,000. 

Kathryn Nguyen was arrested in October 2018 for pulling off a crypto-heist with an associate. The 25-year-old was one of the first people in Australia to be charged with the theft of cryptocurrency.

The theft of 100,000 XRP tokens took place in January 2018, when the value of the currency  was at an all-time high of $3.84 per token. Currently, the tokens are worth approximately $0.30 each. 

Along with her accomplice, Nguyen stole the tokens from the account of a 56-year-old man with whom she shared the same last name. She then swapped the two-factor authentication to her own cell phone. 

Nguyen reportedly used a Chinese cryptocurrency exchange to swap the tokens for Bitcoin (BTC). In what may have been an attempt to launder the stolen funds, the Bitcoin was distributed across multiple wallets.

Police raided Nguyen’s home in the Sydney suburb of Epping in 2019, seizing phones, computers, and money. In August last year, the former Bitcoin trader turned handbag and shoe repairer pleaded guilty to fraud.

Today, Nguyen was sentenced to a maximum of two years and three months behind bars. She will be eligible for parole in October 2021. 

Presiding judge Chris Craigie said it was a “difficult and troubling decision” to hand Nguyen a jail sentence. According to News Corp, character references given regarding Nguyen portrayed her as having a “generous and hardworking personality.”

“A common thread was the offender’s willingness to help others,” Craigie said. “This takes on a different meaning in her willingly participating and assisting in a criminal enterprise.”

Craigie shared the opinion that the defendant’s “moral judgement was distorted” when she committed the crime. 

The investigation into Nguyen was launched after the victim told police that he had been locked out of his cryptocurrency trading account. Police then spent nearly a year building the case against Nguyen.

Commander of NSW Cybercrime Squad, Detective Superintendent Matthew Craft, said cybercrimes in Australia often went unreported.

“The problem we have nationally—not just in New South Wales—is that the reporting rate for cyber-related crimes is very low,” Craft said.

Source link

EDITOR’S CHOICE

Want an unbiased answer on how good an exchange is? This site can help

Bitcoin doesn’t care who wins the US election - it will rise in value regardless of the outcome, a cryptocurrency fund chief says | Currency News | Financial and Business News

German Central Bank awards tender to altcoin

Yeahka’s Consumer Cloud Platform Listed as Registered Blockchain Information Service Provider by CAC to Explore Blockchain Application for Coupons

Small-business grant program in Chesterfield expands eligibility | Business News

Italian Airport Employee Accused of Using Airport’s Computers to Mine Ethereum

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 13,742.45
ethereum
Ethereum (ETH) $ 385.93
tether
Tether (USDT) $ 0.998105
ripple
XRP (XRP) $ 0.239408
bitcoin-cash
Bitcoin Cash (BCH) $ 262.23
chainlink
Chainlink (LINK) $ 11.13
binancecoin
Binance Coin (BNB) $ 28.41
polkadot
Polkadot (DOT) $ 4.16
litecoin
Litecoin (LTC) $ 55.53
bitcoin-cash-sv
Bitcoin SV (BSV) $ 166.52
usd-coin
USD Coin (USDC) $ 0.999357
cardano
Cardano (ADA) $ 0.092898
eos
EOS (EOS) $ 2.53
monero
Monero (XMR) $ 126.46
tron
TRON (TRX) $ 0.025854
crypto-com-chain
Crypto.com Coin (CRO) $ 0.084638
stellar
Stellar (XLM) $ 0.078167
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 13,681.73
tezos
Tezos (XTZ) $ 1.97
cdai
cDAI (CDAI) $ 0.020903
okb
OKB (OKB) $ 4.53
leo-token
LEO Token (LEO) $ 1.26
cosmos
Cosmos (ATOM) $ 4.63
neo
NEO (NEO) $ 14.79
huobi-token
Huobi Token (HT) $ 4.21
dai
Dai (DAI) $ 1.00
nem
NEM (XEM) $ 0.096326
filecoin
Filecoin (FIL) $ 30.80
binance-usd
Binance USD (BUSD) $ 0.999615
iota
IOTA (MIOTA) $ 0.254291
dash
Dash (DASH) $ 70.87
vechain
VeChain (VET) $ 0.009934
ethereum-classic
Ethereum Classic (ETC) $ 5.23
zcash
Zcash (ZEC) $ 58.39
theta-token
Theta Network (THETA) $ 0.603426
celsius-degree-token
Celsius Network (CEL) $ 1.38
uniswap
Uniswap (UNI) $ 2.31
maker
Maker (MKR) $ 520.31
compound-ether
cETH (CETH) $ 7.72
paxos-standard
Paxos Standard (PAX) $ 0.999623
omisego
OMG Network (OMG) $ 2.93
havven
Synthetix Network Token (SNX) $ 3.04
uma
UMA (UMA) $ 6.77
compound-governance-token
Compound (COMP) $ 92.12
ontology
Ontology (ONT) $ 0.445190
ftx-token
FTX Token (FTT) $ 3.70
aave
Aave (AAVE) $ 29.92
dogecoin
Dogecoin (DOGE) $ 0.002575
aave-link
Aave LINK (ALINK) $ 11.11
waves
Waves (WAVES) $ 3.22