Today, the European Union’s law enforcement agency Europol shared the news about suspect behind €10 million EUR (over $11 million USD) theft in IOTA.

According to the official statement, today, the UK’s South East Regional Organised Crime Unit (SEROCU), in a joint operation with the Hessen State Police in Germany, the UK’s National Crime Agency (NCA) and Europol, has arrested a 36 year-old individual on suspicion of fraud, theft and money laundering.arrested. Moreover, a number of computers and electronic devices were also seized.

Iotaseed.io was Running a Malicious Seed-Generator

The operation was launched following the theft of around €10 million theft in IOTA cryptocurrency from over 85 victims worldwide since January 2018, when Hessen State Police received several reports from citizens of money been stolen from their cryptocurrency wallets.

Further investigations revealed the existence of fraud from the website Iotaseed.io, where a malicious seed-generator was running on, targeting to steal sensitive data from the users and seize their IOTA cryptocurrency.

Dominik Schiener, the co-founder of IOTA, expressed that he was extremely proud regarding the arrest by saying:

“Incredibly proud of this: the IOTA Foundation has been working closely with various law enforcement agencies in Germany, Japan, and the UK. Europol just helped to arrest the original thief.”

The document released by Europol indicates that an operational meeting was organized at Europol’s headquarters between German and British investigators and Europol’s EC3. The flawless and close communication proved to be an invaluable asset for the smooth exchange of intelligence and evidence between the German and British authorities, which has led to this arrest.

See the arrest video:

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