The unnamed youth said he felt like he was playing a video game.
Japanese have an unnamed Japanese minor with from Japanese art site . According to an article in The Times, this is the country’s first legal battle concerning the cyber-theft of .
The 18-year-old boy – in a minor is anyone under 20 years of age – hails from Tochigi prefecture and is accused of exploiting a glitch on the Monappy website, which caused the system to malfunction when “transfers were repeated over a short period of time.” According to the article, between August 14 and September 1 of 2018, the unnamed youth submitted multiple transfer requests, causing the website to malfunction and ¥15 million ($134,300) worth of monacoin to be deposited into the minor’s personal account. The monacoin was stolen from 7,700 different users.
The boy then stored the purloined coins on a different crypto operator and exchanged the monacoin for different types of digital currency. He then cashed out and bought personal items such as a new smartphone, according to Japanese .
Japanese were able to identify the boy by examining communication records stored on the Monappy website servers even though the perpetrator used Tor software to cover his tracks. According to the The Times, the youth confessed to Japanese , saying, “I felt like I’d found a trick no one knows and did it as if I were playing a video game.”
Nathan Graham is a full-time staff writer for ETHNews. He lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.
ETHNews is committed to its
Like what you read? Follow us on to receive the latest Monappy, or other wallets and exchanges .
Published at Sat, 16 Mar 2019 14:04:52 +0000
