Forget your wallet getting stolen; not even digital currency inside your cryptocurrency accounts is safe. In a new, shocking case that highlights the significant risks and vulnerabilities in the digital assets sphere, a 23-year-old man from Brooklyn has been charged in connection with a $15 million (£11.7 million approx) cryptocurrency theft.
The allegations in this case state that the accused posed as an employee of a highly popular cryptocurrency exchange to deceive victims into surrendering access to their digital wallets. The suspect is now being held at Rikers Island jail while legal proceedings begin, facing serious charges that could see him behind bars for over 20 years.
