Chinese police revealed that four former Huobi employees implanted Trojans in wallets and stole user mnemonics and private keys. Later they destroyed the server and database and agreed to use these private keys to illegally obtain users’ virtual currency two years later. They obtained more than 27,000 mnemonics and more than 10,000 private keys and successfully converted more than 19,000 digital wallet addresses. In April 2024, they were sentenced to three years in prison and a fine of RMB 30,000 for the crime of illegally obtaining computer information system data.

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