Chinese man arrested for trading of info on various crypto exchanges accounts to criminal groups in Japan
Apr 05, 2018 Posted / 313 Views
Lin Xiaolin, a Chinese citizen who is 30 years old corporate executive, currently residing in the Japanese capital city has been arrested by the Japanese police for allegedly selling the customer data of cryptocurrency exchange platforms to a group of hackers and criminals.
The reports from China, unfold that he was detained on March 15, 2018. He apparently assessed the accounts at a cryptocurrency exchange in Tokyo by entering its server from China as a Vietnamese citizen. Anyhow, he has declined all such accusations.
The Japanese officials reported that immediately after Lin opened an account; he instantly traded it with a criminal group for about 100,000 yen (less than $1,000). Almost six cryptocurrency exchanges accounts were accessed by him, amongst which at least three of the accounts were used for illicit transactions later on.
The inspector also postulates that Lin may have afforded the criminals with not just accounts details but various other “tools” which they could use.The Japanese police suspect that the group might have deposited cryptocurrency withdrawn from a third party to the accounts which were bought from Lin and this completely dishonourable and unlawful.
Also, the police officials unveiled that Lin reportedly acquired the personal details of a Vietnamese individual from a confidant he had in Vietnam. Lin paid 30,000 yen (less than $300) to get the details namely: name, birth date and other necessary information of another individual which were later used to open an exchange account in early July 2017.
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