Police Arrest Hackers Alleged in $87 Million Crypto Theft

Chinese police from multiple cities have arrested three individuals who allegedly stole bitcoins and other cryptocurrencies worth around $87 million. Chinese news agency Xinhua reported on Saturday that the three were busted on Aug. 15 in Hunan, Changchun provinces, and the capital city Beijing, respectively, after a months-long investigation launched by the police. According to the report, a self-claimed victim, identified by his surname Zhang, first filed a complaint to the police in the northwestern city Xi’an in March that his computer was hacked and lost crypto assets worth around $14.5 million. The police investigation, with assistance from several notable but unnamed internet companies, later located a suspect with the surname Zhou, who allegedly broke into Zhang’s personal computer remotely to transfer the funds. As the investigation went on, the police further identified Zhou’s two other accomplices, who are both alleged to be highly experienced hackers. The police further accused

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