{"id":81254,"date":"2023-07-05T12:16:58","date_gmt":"2023-07-05T09:16:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81254"},"modified":"2025-09-11T21:44:29","modified_gmt":"2025-09-11T18:44:29","slug":"two-teenagers-arrested-in-canada-after-a-4-2-million-cryptocurrency-theft","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/two-teenagers-arrested-in-canada-after-a-4-2-million-cryptocurrency-theft\/","title":{"rendered":"Two teenagers arrested in Canada after a $4.2 million cryptocurrency theft"},"content":{"rendered":"<p>Two 17-year-olds from Hamilton, Ontario, were charged after a phishing scheme stole $4.2 million in cryptocurrencies from a U.S. citizen, according to local media.<\/p>\n<p>The investigation began in June 2023. According to court documents, the teenagers posed as Coinbase cryptocurrency exchange support staff and tricked the victim into transferring $4.2 million in Ethereum and Bitcoin to them.<\/p>\n<p>Part of the stolen funds were used to purchase the Instagram handle @zombie.<\/p>\n<p>Police say the defendants held more than $13.4 million in cryptocurrencies in total.<\/p>\n<p>They were charged with theft of more than $5,000 and possession of property or proceeds derived from criminal activity.<\/p>\n<p>Beosin researchers say that in the first half of 2023 the crypto industry lost about <a href=\"https:\/\/forklog.com\/en\/news\/report-crypto-industry-losses-from-hacks-and-scams-total-655-million-in-six-months\">$655.6 million<\/a> in hacks, scams and <span data-descr=\"the practice of inflating the price of a token created in a liquidity pool followed by a sharp withdrawal of funds\" class=\"old_tooltip\">rug pull<\/span>.<\/p>\n<p>Earlier in June, the Huobi cryptocurrency exchange <a href=\"https:\/\/forklog.com\/en\/news\/huobi-allowed-a-user-data-leak-for-two-years\">addressed a data breach<\/a>, which reportedly exposed users&#8217; assets since June 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two 17-year-olds from Hamilton, Ontario, were charged after a phishing scheme stole $4.2 million in cryptocurrency from a U.S. citizen.<\/p>\n","protected":false},"author":1,"featured_media":81255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[771,44],"class_list":["post-81254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canada","tag-cybercrime"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81254"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81254\/revisions"}],"predecessor-version":[{"id":81256,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81254\/revisions\/81256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81255"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}