Malware victim steals 16 bitcoin to sue parents of young hackers

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In 2018, a US man named Andrew Schober fell victim to a malware hack that resulted in the loss of 16.4 bitcoin, around $ 800,000 at today’s price.

After spending $ 10,000 hiring forensic scientists, Schober believes he tracked down the perpetrators. But it turns out the alleged perpetrators are thousands of miles away in England. The real kick is that the alleged couple were underage at the time of the crime.

Fittingly, both are currently studying computer science at various UK universities.

The defendants admit to bitcoin theft, but with a twist

As some tried in this situation, Schober tried to argue with the parents. His first course of action was to write to parents explaining the situation in hopes of finding a solution.

Schober presented his case and gave details of his investigation that led him to the suspects in question. He also wrote about the financial and emotional toll the hack had taken on his life.

“Losing that money was financially and emotionally devastating. He might have thought he was joking, but that had serious consequences for my life. “

Quite reasonably, Schober also said that if they returned the Bitcoin, he would stop all action, plus an additional sum (of 0.555 BTC) to cover his costs in prosecuting the case.

Letter to the parents of the bitcoin hacker
Source: krebsonsecurity.com

However, the letters were faced with a wall of silence, which forced Schober to continue his approach.

In May 2021, Schober filed a lawsuit against B. aThompson, Oliver Read and their parents in Colorada District Court.

This in turn led to a reaction from the defendants, who filed a dismissal motion on August 6, 2021. Their reasoning is based on the statute of limitations on the case, which took too long to come to court.

“The plaintiff puts forward two pleas under common law (conversion and trespassing), for the a three year old statuThe restrictions apply. The plaintiff also accuses federal legislation Plea for which a two-year limitation period applies. Because the plaintiff did not file his lawsuit by May 21, 2021, three years and five months after his violation, should be his claims dismiss.”

The defendants also filed another motion in the court dated August 2021, which stated that the couple had voluntarily participated in a police questioning on the matter.

How did it happen?

Research found that Schober’s computer was infected with malware after he clicked a Reddit link to download a wallet called “Electrum Atom”.

The malware slumbered and waited for Schober to copy a cryptocurrency address. In this case, the copied address was replaced with a wallet address controlled by the defendants.

A report from cybersecurity firm Total 360 Security found that clipboard hacking Trojans were found on more than 300,000 computers within a week of testing. They recommend taking the time to review all addresses before sending.

As for Schober’s case, complications related to statute of limitations, as well as the involvement of the U.S. judicial system in Britain, suggest he will have to climb a mountain to get justice.

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