Cryptobirzhi pumps bitcoin that works, admits theft of secret keys

A former employee of the crumbling New Zealand cryptocurrency exchange Cryptopia says he stole about $ 177,000 in cryptocurrency from his employer.

The theft of digital assets led to the loss of more than $ 17.7 million in cryptocurrencies, a month after the stock market was hacked in January 2019, according to a new report by New Zealand news agency Stuff.

An unidentified former employee tells Christchurch District Court that he took the private keys of various cryptocurrency wallets belonging to Cryptopia and stored on a USB drive.

The employee claims to have collected private keys in thousands of wallets that store more than $ 70 million in crypto assets.

The theft began to emerge after the accountancy firm reviewed portfolios in an attempt to help a former Cryptopia customer who mistakenly made bitcoin on a non-existent Portfolio exchange.

In the process, the firm discovered that 13 Bitcoins had been stolen from the customer.

Eventually, a former employee sent an email saying he had stolen the crypto and would return the assets in exchange for leniency.

A Christchurch Court has now found a former Cryptopia employee guilty and will sentence him in October.

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