• Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
Facebook X (Twitter) Instagram
Trending
  • KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack
  • Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple
  • Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations
  • Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute
  • Yemenis are embracing DeFi in response to US sanctions on the Houthi group
  • Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst
  • Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support
  • Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’
Facebook X (Twitter) Instagram
CoinovelCoinovel
  • Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
CoinovelCoinovel
Home » Report alleges Australian police officer stole 81 Bitcoin during raid
Report alleges Australian police officer stole 81 Bitcoin during raid
Report alleges Australian police officer stole 81 Bitcoin during raid

Report alleges Australian police officer stole 81 Bitcoin during raid

0
By admin on 2024-02-18 Regulations Security

The National Anti-Corruption Commission (NACC) in Australia has lodged allegations against a federal police officer for erasing 81.62 Bitcoin from a Trezor hardware wallet at a crime scene. Authorities utilized crypto tracking software to claim that the officer transferred the Bitcoin into his own possession.

According to recent information, the Australian police discovered the hardware wallet during a drug raid at a residence. However, they waited approximately three weeks to obtain court permission to access it. Unfortunately, when they finally accessed the wallet, they found that it was completely empty as the federal agent, William Wheatley, had allegedly moved the Bitcoin out shortly after the raid.

The hardware wallet supposedly contained 81.62 Bitcoin, valued at $309,000 at the time of the raid in 2019. However, as of now, it is estimated to be worth around $4.2 million.

Detective Sergeant Deon Achtypis from the cybercrime squad initially suspected that a member of a criminal syndicate was behind the theft of the Bitcoin. This suspicion arose when the police force discovered a device containing the seed phrase to the hardware wallet. The seed phrase consists of 12 to 24 random words and can be used to recover the wallet if it is lost or stolen.

However, after conducting an extensive investigation into the IP addresses used to access the stolen Bitcoin through crypto tracking software, Achtypis allegedly found a connection to Wheatley.

Law enforcement agencies worldwide are increasingly adopting crypto tracking software to combat illicit activities involving digital assets. Canadian law enforcement, for example, announced in August 2023 that they had started using Chainalysis Reactor software to trace illicit crypto transactions.

Advancements in crypto detective software technology have also resulted in a higher rate of recovery of stolen cryptocurrencies. In January 2023, it was reported that over $674 million had been recovered from more than 600 large-scale crypto hacks.

Meanwhile, Wheatley is maintaining his innocence against the charges of exploiting his position for personal gain, theft, and involvement in the proceeds of crime. He intends to contest the allegations related to the stolen Bitcoin from the Trezor wallet. This development comes at a time when Trezor has acknowledged a security breach that affected nearly 66,000 users.

On January 17, unauthorized access was discovered in a third-party support portal, and Trezor warned that individuals who had interacted with their support team since December 2021 may have had their data compromised.

Source: $3.4B of Bitcoin in a popcorn tin: The Silk Road hacker’s story

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute

Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst

  • Popular
  • Latest
  • Hot comments
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

Latest Gallery

Latest Recommendations
2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

2025-04-18 Regulations Security

Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute

2025-04-18 Blockchain

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

2025-04-18 Regulations Security

Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst

2025-04-18 Cryptocurrency

Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support

2025-04-18 News

Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’

2025-04-17 Blockchain

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

2025-04-17 Blockchain

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

2025-04-17 Regulations Security

OpenAI pursued a deal with Anysphere prior to shifting its focus to WindSurf

2025-04-17 Analysis

Bitcoin Gold’s Imitation Strategy Could Surpass $150K as BTC Remains ‘Remarkable’

2025-04-17 Cryptocurrency

AI Tokens and Memecoins Dominate Cryptocurrency Narratives in Q1 2025: CoinGecko

2025-04-17 Cryptocurrency

Four Reasons Why the Price of Bitcoin Could Surge to $90,000 in April

2025-04-17 News

Trump Criticizes Powell for Delaying Interest Rate Cuts, Calling It ‘Too Late’

2025-04-17 News

Wyoming Commission Considers Whether Stablecoin Falls Under SEC Regulations

About
About

Coinovel is an enthralling novel of cryptocurrencies. Engage with narratives, delve into stories, and journey through the captivating world of digital currencies.

X (Twitter) Telegram
Popular posts
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

Copyright © 2025 coinovel. All rights reserved.
  • Home
  • Cryptocurrency
  • Blockchain
  • Regulations Security
  • Analysis
  • Insights
  • News
  • Getting Started

Type above and press Enter to search. Press Esc to cancel.