Crypto under the microscope as Russia-Ukraine war continues

Male detained on suspicion of Electrum BTC wallet rip-off

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A male thought of laundering taken funds connected to the crypto wallet Electrum has actually been detained in the Netherlands.

The unknown 39-year-old male was held 35 miles southeast of Amsterdam in a town called Veenendaal and was launched on September 8.

According to the Dutch cyber cops, the male had actually formerly washed 10s of countless euros and tried to cover his tracks by utilizing decentralized exchange Bisq and personal privacy coins such as Monero (XMR).

Nevertheless, he was not successful in his illegal endeavours and determined through Bitcoin (BTC) deals.

The Dutch cops stated he is still a suspect connected with the funds taken from Electrum and they have actually taken his cryptocurrencies.

Cryptocurrency, like regular cash, is susceptible to all type of criminal activity. The confidential and cross-border nature of cryptocurrency manages chances for lawbreakers”, the cops stated.

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