Hackers stole bitcoins from under the nose of the police

Hackers stole bitcoins from police officers who planned to use them for test drug purchases According to the New Zealand Herald, hackers stole NZ$45,000 (or about $32,000) in bitcoins from a New Zealand police wallet.

The police were going to use this crypt for a covert test purchase of drugs. However, an unknown entity gained control of the keys needed to access the wallet and stole the cryptocurrency.

Police still don’t know who stole the bitcoins, although Detective Inspector Stuart Mills of the New Zealand Police National Organized Crime Unit claims the perpetrators are “probably overseas” and that “the crime was part of a larger widespread scam targeting bitcoin wallets.” The investigation into how the criminals got the keys and where the money went is ongoing. This is not the first time the New Zealand Police have dealt with crypto. Last year, New Zealand authorities confiscated about $90 million worth of BTC from Alexander Vinnik, the alleged operator of the now closed BTC-e crypto exchange, who is due to serve five years in prison for ransomware fraud.

And at the end of 2019, the New Zealand police confiscated $4.2 million in cryptocurrencies from the owner of sites for the distribution of pirated products.

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