Summary:
State police recovered $42,129 for a victim of cryptocurrency theft.
The victim lost over $159,712.26 in Bitcoin and Ethereum due to a wallet drainer.
Detectives traced stolen funds to two exchanges and issued freeze requests.
0.28993293 BTC and $24,051.40 were successfully recovered for the victim.
Safety tips provided include using 2FA, strong passwords, and being cautious of phishing.
Recovery of Stolen Cryptocurrency
State police in Connecticut have successfully recovered $42,129 of stolen cryptocurrency for a victim in Norwich. The incident traces back to a significant theft reported in March, involving over $159,712.26 worth of Bitcoin and Ethereum that was illegally taken from a cold storage wallet, referred to as a “wallet drainer.”
Investigation Details
Following the report, the Norwich Police Department reached out to state police. Detectives were able to trace the stolen cryptocurrencies to two compliant exchanges. They issued freeze requests and obtained search warrants from the New London Superior Court to seize the assets.
The investigation led to the recovery of 0.28993293 Bitcoin (BTC) and $24,051.40 in cash, totaling an estimated $42,129.95 returned to the victim.
Cryptocurrency Safety Tips
To help residents secure their cryptocurrency, state police provided the following safety tips:
- Use Two-Factor Authentication (2FA) when available.
- When using cold storage devices (hardware wallets), ensure your private keys are safe and never shared.
- Create strong, unique passwords for your accounts.
- Be cautious of Phishing or Smishing attempts; always double-check URLs and email addresses. Avoid clicking on suspicious links or downloading unknown attachments.
- Keep software updated to protect against vulnerabilities.
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