Did two teenagers steal $1 million in Bitcoin?

The parents of two teenagers allegedly responsible for stealing $1 million in Bitcoin are being sued. According to court documents obtained by Brian Krebs, Andrew Schober lost 16.4552 in Bitcoin (BTC) in 2018 after his computer was infected with malware, allegedly the creation of two teenagers in the United Kingdom.

How do fraudsters find out who owns a bitcoin wallet?

For a couple of thousand dollars a pop, these companies trace the flow of stolen crypto through public keys, and then use complex data analysis to work out who owns the wallets. For instance, if a fraudster gave some stolen bitcoin to their friend, and that friend posted their bitcoin wallet address online, it’s fairly obvious whodunnit.

Are You a victim of cryptocurrency fraud?

You’re not the only one: According to a 2019 report on cryptocurrencies by security company Kaspersky, almost a fifth (19 percent) of survey respondents said they’d been hacked on exchanges, and a further 15 percent said they were victims of cryptocurrency fraud.