How Two Canadian Teenagers Stole Bitcoin, Ethereum Worth $4M From A US Resident Pretending To Be Coinbase 'Support'
Portfolio Pulse from Mehab Qureshi
Two 17-year-olds from Hamilton, Ontario have been charged for stealing $4 million in cryptocurrency from a U.S. citizen by impersonating Coinbase Support. The cybercrime was uncovered in June 2023, leading to a joint investigation by Hamilton Police, the FBI, and the Secret Service Electronic Crimes Task Force. At the time of writing, Bitcoin (BTC) is trading at $30,818, down 0.70% in the last 24 hours.
July 05, 2023 | 12:38 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bitcoin's price is slightly down by 0.70% in the last 24 hours, trading at $30,818. The news of the theft might have a minor negative impact on the price.
The news of the theft might create a sense of insecurity among Bitcoin investors, potentially leading to a minor sell-off. However, as Bitcoin is a highly liquid and globally traded asset, the impact of this news is likely to be minor.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ethereum was one of the cryptocurrencies stolen in the $4 million theft. This news might create a sense of insecurity among Ethereum investors, potentially impacting the price.
The news of the theft might create a sense of insecurity among Ethereum investors, potentially leading to a minor sell-off. However, as Ethereum is a highly liquid and globally traded asset, the impact of this news is likely to be minor.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70