{"id":134231,"date":"2024-07-27T20:00:35","date_gmt":"2024-07-27T17:00:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134231"},"modified":"2024-07-27T13:34:08","modified_gmt":"2024-07-27T10:34:08","slug":"four-former-huobi-employees-sentenced-for-major-crypto-theft","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/four-former-huobi-employees-sentenced-for-major-crypto-theft\/","title":{"rendered":"Four Former Huobi Employees Sentenced for Major Crypto Theft"},"content":{"rendered":"<p>The employees in question \u2013 Zhang, Dong, Liu, and Zhang Yi \u2013 <strong><a href=\"https:\/\/www.cryptopolitan.com\/huobi-employees-jailed-stealing-private-keys\/\" target=\"_blank\" rel=\"nofollow\">used<\/a> <\/strong>Trojan horse viruses to infiltrate wallets, resulting in the theft of over 40,000 user reminder codes and private keys. The exact amount of stolen <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/\">cryptocurrency<\/a> <\/strong>has not been specified.<\/p>\n<p>This theft took place prior to Justin Sun\u2019s acquisition of Huobi, which was formerly the largest cryptocurrency exchange in China.<\/p>\n<p>According to Ping An Xuhui\u2019s official WeChat account, the employees inserted a backdoor into the virtual currency wallet software in early March 2023 to access user private keys. After recording the stolen keys and associated wallet addresses, they destroyed the server and database. They intended to use these private keys in two years to unlawfully access users\u2019 digital currencies.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/coinbase-fined-4-5-million-by-the-uks-fca\/\" title=\"Coinbase Fined $4.5 million by the UK&#8217;s FCA\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_coinbase-1-big-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Coinbase Fined $4.5 million by the UK&#8217;s FCA<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Three of the suspects managed to alter over 19,000 digital wallet addresses by unlawfully obtaining more than 27,000 reminder codes and over 10,000 private keys. In April 2024, the Xuhui District People\u2019s Court sentenced Liu, Zhang A, and Dong to three years in prison each, along with a 30,000 yuan fine for their role in illegally acquiring computer system data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese authorities have revealed that four former employees of the prominent cryptocurrency exchange Huobi were involved in a major theft of crypto assets.<\/p>\n","protected":false},"author":3,"featured_media":37544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-134231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Four Former Huobi Employees 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