In the United States arrested a hacker suspected of stealing $14 million from cryptocurrency platform Crowd Machine

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In the United States arrested a hacker suspected of stealing $14 million from cryptocurrency platform Crowd Machine

Two hackers suspected of hacking into the cryptocurrency platform Crowd Machine and stealing tokens for a total amount of $14 million, was arrested this week by police in Oklahoma city. It is reported by news service channel 4 News Oklahoma.

Fletcher, Robert Childers and Joseph Harris arrested on suspicion of the burglary of the purse Crowd Machine

Arrested was 23-year-old Fletcher Robert Childers and 21-year-old Joseph Harris, both resident of Missouri. It is anticipated that theft of the tokens CMCT, they used a method called “replacement SIM card” (SIM swapping), that is convinced of the mobile phone provider to give them the control room where there was two-factor authentication to the administrator account Crowd Machine.

“A criminal investigation is ongoing and we cannot give any comment, except to confirm that it was made two arrests”, — said the founder and CEO of Crowd Machine Craig Sproule.

According to available information, the arrested attackers had rented a hotel room where he committed a burglary of a platform, then began to transfer the stolen tokens to the various exchanges. According to CoinMarketCap, the greatest volume of trading CMCT was in this moment fixed on Bittrex and IDEX.

At the moment, Joseph Harris, is still under arrest, but his accomplice Childers on Friday night was released. The conditions of his release were not disclosed.

As previously reported ForkLog, wallet Crowd Machine was compromised on Saturday, September 22, however, the first announcement appeared in the blog project until Monday. According Etherscan, cyber criminals managed to bring more than 1 billion tokens CMCT. On the background of the incident the price of a token per day (23 September) has decreased by 87%.

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