Authorities in Venezuela have arrested two individuals who allegedly stole 101 BTC (over $1.9 million) from a local cryptocurrency exchange. Decrypt reports.
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According to the Scientific, Criminal and Forensic Investigations Corps of the Venezuelan police (CICPC), 33-year-old Jose Manuel Osorio Mendosa and 34-year-old Kelvin Jonathan Diaz hacked Bancar Exchange’s servers.
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Source: CICPC.
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By bypassing the platform’s security, they transferred the bitcoins and fiat funds to various accounts linked to them,» the agency states.
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In an attempt to cover their tracks, the hackers used encryption protocols, but the police were able to trace the transfers to the accounts of the firm Proinsa.
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CICPC is currently investigating the suspects’ ties to this firm.
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Earlier in November, police in Spain arrested a Dutch citizen of Colombian origin suspected of laundering €6 million via cryptocurrency.
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