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18-Year Old Arrested in Japan for Stealing $130k in Cryptocurrency

Monappy

A Japanese18-year-old from Utsunomiya, Tochigi, faces criminal charges for stealing $130,000 (around 15 million)worth of cryptocurrency after hacking the Monappysocial media network andMonacoin web-based wallet.

As reported by Japan Todayand multiple other local news outlets [1, 2, 3, 4], he stole 93078.7316 Monacoins from 7735Monappyusers between August 14 and September 1, using a smartphone and Tor in an unsuccessful attempt to stay anonymous seeing that Japanese police managed to find him after analyzing the logs provided by the hackedcryptocurrencyplatform.

He is quoted saying that "I felt like I'd found a trick no one knows and did it as if I were playing a video game," and, according to a Tokyo Metropolitan Police Department spokesperson he also confirmed being the one behind the Monappyattacks.

As disclosed by Monappyafter detecting the August/September attacks, he abused a weakness in the platform'sgift code feature which allowed him to send himself Monacoinsby...(continued)

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