Suspect Behind $11 Million Crypto Theft Arrested in Europol-Led Operation

An investigation by EU law enforcement agency Europol and British and German police agencies has led to the arrest of a 36-year-old man suspected of carrying out a spate of crypto thefts.

Europol announced Wednesday that the British man is suspected of stealing around €10 million ($11.34 million) worth of iota tokens in January 2018 from the wallets of over 85 victims worldwide.

An investigation was launched in early 2018 after reports a number of thefts from iota wallets in Germany. Hessen State Police ultimately traced the possible suspect to the U.K. and a coordinated operation led by the Joint Cybercrime Action Taskforce, hosted by Europol’s European Cybercrime Centre, was launched.

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