Police Arrest Hackers Suspected of Stealing $87 Million in Crypto

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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 the provinces of Hunan and Changchun and the country’s capital Beijing after a months-long investigation launched by the police. According to the report, a self-declared victim, identified by the surname Zhang, first filed a complaint to the police in the northwestern city of Xi’an in March, alleging his computer had been hacked and crypto assets worth around $14.5 million stolen. The police investigation, which received assistance from several unnamed internet companies, later located a suspect with the surname Zhou, who they claimed had made a remote attack to transfer the funds from Zhang’s computer. As the investigation continued, the police further identified two alleged accomplices of Zhou that they said were highly experienced