{"id":71713,"date":"2024-02-18T06:25:34","date_gmt":"2024-02-18T10:25:34","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=71713"},"modified":"2024-02-18T06:25:37","modified_gmt":"2024-02-18T10:25:37","slug":"australian-officer-accused-of-stealing-81-62-bitcoin-at-crime-scene","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/australian-officer-accused-of-stealing-81-62-bitcoin-at-crime-scene\/","title":{"rendered":"Australian Officer Accused of Stealing 81.62 Bitcoin at Crime Scene"},"content":{"rendered":"\n

The Aussie federal police officer refutes accusations that he transferred BTC to Binance from a hardware wallet located at the crime scene.<\/a><\/p>\n\n\n\n

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Australian Officer Accused of Stealing 81.62 Bitcoin at Crime Scene<\/figcaption><\/figure>\n\n\n\n

At the site of the crime, a federal police officer was accused by the National Anti-Corruption Commission (NACC) of Australia\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> of erasing a Trezor hardware wallet containing 81.62 Bitcoins. The authorities alleged that he transmitted the Bitcoins into his possession using crypto trading software.\u00a0<\/p>\n\n\n\n

The Australian police discovered the hardware wallet during a drug search at a residence. However, it took them approximately three weeks to obtain court permission to access it, according to a recent report. <\/p>\n\n\n\n

However, upon accessing the wallet, it was discovered that it contained no Bitcoins, as they had allegedly been transferred out by federal agent William Wheatley shortly after the assault.\u00a0<\/p>\n\n\n\n

The hardware wallet allegedly contained 81.62 Bitcoin during the 2019 seizure, valued at $309,000. Nevertheless, its current market value stands at around USD 4.2 million. <\/p>\n\n\n\n

As stated by Detective Sergeant Deon Achtypis of the cybercrime squad, at the outset, authorities believed that the Bitcoin theft was attributable to an associate of the criminal organization. <\/p>\n\n\n\n

The police discovered a device containing the seed phrase for the hardware wallet, a sequence of 12 to 24 arbitrary words that can be used as a recovery method if the wallet is lost or stolen, which sparked suspicion.\u00a0<\/p>\n\n\n\n

However, following a comprehensive examination of the IP addresses utilized to access the pilfered Bitcoin via crypto tracing software, Achtypis purportedly discovered a connection to Wheatley. <\/p>\n\n\n\n

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\u201cI formed the opinion that a police member may have been involved in the movement of the cryptocurrency.\u201d<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

Globally, law enforcement agencies are implementing crypto-tracing software to combat illicit activity involving digital assets. <\/p>\n\n\n\n

The Canadian police force declared the implementation of Chainalysis Reactor software in August 2023 to facilitate the tracing of illicit cryptocurrency transactions. <\/p>\n\n\n\n

In addition, developments in the technology of crypto detective software are increasing the proportion of stolen cryptocurrencies that are recovered. Cointelegraph reported on January 29 2023, over $674 million<\/strong> was recovered from over 600 large-scale cryptocurrency breaches. <\/p>\n\n\n\n

#PeckShieldAlert<\/use><\/svg><\/span><\/a> 2023 saw 600+ major hacks in the crypto space, resulting in ~$2.61B in losses, with $674.9M recovered.
$1.51B lost to hacks (excluding #Multichain<\/use><\/svg><\/span><\/a> unauthorized withdrawals) & $1.1B to scams. This marks a 27.78% decrease from 2022. #DeFi<\/use><\/svg><\/span><\/a> protocols remained prime\u2026 pic.twitter.com\/G7PIU3WyrX<\/use><\/svg><\/span><\/a><\/p>— PeckShieldAlert (@PeckShieldAlert) January 29, 2024<\/use><\/svg><\/span><\/a><\/blockquote> \n\n\n\n

In the interim, Wheatley, charged with utilizing his position as a public officer for personal benefit, theft, and involvement with criminal proceeds, is pleading not guilty to the allegations. <\/p>\n\n\n\n

Reportedly, he is prepared to contest the allegations about the Bitcoins pilfered from the Trezor wallet. This follows Trezor's disclosure that it was compromised, with approximately 66,000 users affected. <\/p>\n\n\n\n

On January 17, Trezor<\/use><\/svg><\/span><\/a> disclosed illicit access to a third-party support portal. Individuals whose information had been exchanged with Trezor's support staff since December 2021 may have had their data compromised, the company warned.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Aussie federal police officer refutes accusations that he transferred BTC to Binance from a hardware wallet located at the crime scene. At the site of the crime, a federal police officer was accused by the National Anti-Corruption Commission (NACC) of Australia of erasing a Trezor hardware wallet containing 81.62 Bitcoins. The authorities alleged that […]<\/p>\n","protected":false},"author":53,"featured_media":71718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11476],"tags":[5862,5371,5874,5817],"class_list":["post-71713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hacks-and-scams","tag-australia-2","tag-bitcoin-2","tag-crimes","tag-hack-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/Bitcoin-Hand-Cuffs.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=71713"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/71718"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=71713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=71713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=71713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}