Japanese police have been arrested yesterday a 17-year-old boy on suspicion of creating malware that steals private keysl like a Cryptocurrency wallate password . He’s now under investigation for using these passwords to steal funds from victims, albeit no charges have been filed.
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According to an arrest warrant seen by Mainichi Shimbun , He hid the malware to created inside an application for viewing cryptocurrency market data in real time.
He shared the trojanized app online. Police say that one of the places he shared his program was a forum for Monacoin users. Monacoin is just one of the many Bitcoin-offshoot cryptocurrencies, advertised as “the first Japanese cryptocurrency,” and currently ranked maybe 88th on CoinMarketCap based on market value of the world.
Japanese cryptocurrency authorities announce that at least one man —a 31-year-old from Tokyo— downloaded and installed the teen’s app. This man later discovered that 170 Monacoins (approx $500) went missing from his wallet. He said he saw other users’ warnings on the forum regarding the suspicious software.
Police believe the number of victims is likely much higher. They are now looking to link the teenager as the person who used the wallet private keys (passwords) to steal the funds.
The teen is a third-year high school student in Kaizuka, Osaka Prefecture. He was arrested on Tuesday, January 30. He defended himself by telling police: “I didn’t do it with malicious intent.”