Don't miss

Replay


LATEST SHOWS

PERSPECTIVE

Walking tours of Paris: From Roman history to French chocolate

Read more

BUSINESS DAILY

Business leaders drop out of Saudi conference over Khashoggi disappearance

Read more

THE INTERVIEW

France's Macron calls disappearance of Saudi journalist 'very serious'

Read more

EYE ON AFRICA

Dozens killed in eastern Uganda mudslides

Read more

MEDIAWATCH

Royal wedding fatigue?

Read more

THE INTERVIEW

Rwanda’s Kagame: Macron has brought ‘freshness’ to world politics

Read more

THE WORLD THIS WEEK

The backlash over Khashoggi: Pressure mounts over disappearance of Saudi journalist

Read more

YOU ARE HERE

The Piton de la Fournaise volcano: Sparks fly on France’s Reunion Island

Read more

FRANCE IN FOCUS

Animal welfare: France at the bottom of the class

Read more

Chinese police nab suspects after $87 mn cryptocurrency theft

© AFP/File | Bitcoin featured in a multi-million-dollar Chinese hacking theft

BEIJING (AFP) - 

Chinese police have arrested three suspects alleged to have stolen assets worth 600 million yuan ($87 million) through hacking, state media reported Sunday, as cyber criminals target holders of bitcoin and other virtual currencies.

Police in the northern city of Xian began investigating in March when a victim surnamed Zhang complained that hackers had taken control of his computer to steal 100 million yuan ($15 million) worth of cryptocurrency, the Shaanxi Daily reported.

The 100 million yuan haul was made up of the popular bitcoin and ether currencies, state news agency Xinhua reported.

The transfer of the units provided police with a virtual trail, the Shaanxi Daily said, leading them to a suspect surnamed Zhou in the central province of Hunan.

Zhou's communications led to two more alleged accomplices. Altogether, the three suspects are thought to have stolen 600 million yuan by hacking the computers of individuals and companies, according to the newspaper.

The police investigation is still underway, it said, with officers in three provinces working together last week to take the suspects into custody.

In February an official Chinese publication announced plans to stamp out all remaining cryptocurrency trading in the country by blocking access to overseas-based websites and removing related applications from app stores.

The moves were outlined in a report by Financial News, a publication under the People's Bank of China, which said the aim was to snuff out the "dying cinders" of cryptocurrency trading and initial coin offerings "which are glowing once more".

© 2018 AFP