Security News > 2022 > September > Police arrest man for laundering tens of millions in stolen crypto

The Dutch police arrested a 39-year-old man on suspicions of laundering tens of millions of euros worth of cryptocurrency stolen in phishing attacks.

The arrest occurred in the early morning of September 6, 2022, with the police seizing devices and "Data carriers" to aid the ongoing investigations.

"The expected profit that the man made from money laundering was seized in cryptocurrency by the police," reads the announcement, so the police confiscated digital assets too.

According to the police's press statement, law enforcement was able to track down the suspect by following crypto stolen using a malicious software update for the Electrum wallet.

"The funds were stolen after phishing with malicious Electrum software pushed through malicious servers," the Dutch police told BleepingComputer.

The Dutch police told BleepingComputer that they first learned of these attacks after "Electrum-users from the Netherlands and Italy reported the phishing with malicious Electrum software."

News URL

https://www.bleepingcomputer.com/news/security/police-arrest-man-for-laundering-tens-of-millions-in-stolen-crypto/