Cryptocurrency Scam: How a 32-Year-Old Employee Tricked His Boss into Believing in a Hacker Attack

2024-02-10 17:06:00

A 32-year-old employee is said to have tricked his boss into believing there was a hacker attack.

In total 265.000 Euro A 32-year-old from Linz is said to be the managing director of a company from the Urfahr-surroundings district through Cryptocurrency scams have cheated. The company boss had the man, who he also employed as an IT specialist for his company, buy Bitcoins, which were transferred to a digital wallet. From there he is said to have repeatedly withdrawn and sold cryptocurrency, the police reported in a press release.

The investigation began in July of the previous year when the managing director filed a complaint. The digital storage medium, a so-called hard wallet, was stored in a company office, to which the Linz native also had access through his professional work at the company. It happened between February and July 2023 inexplicable transfers of the Bitcoins stored on the hardware wallet, from which the entire amount is said to have been deducted from the Linzer. According to the police, the Bitcoin advisor may also have exchanged the USB-like device for another stick of the same construction.

When asked by the managing director regarding the missing sum, the 32-year-old Linzer gave a possible one Hackerangriff as the cause.

“It was a Sisyphean task when it came to providing evidence,” said the district commander of Urfahr-Environment, Erwin Pilgerstorfer, told the APA regarding the extensive investigations into the case. The Fraud was not immediately comprehensible, the suspect himself is still “a long way from confessing”. However, a house search revealed more Evidence secured. According to the police district chief, the managing director became suspicious not only because of the Linzer’s excuses, but above all because of the luxurious lifestyle that he displayed.

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