A Canadian teenager has been arrested after allegedly stealing $36.5 million in cryptocurrency from a person in the US. The police claim it was the largest such heist involving one victim ever registered in North America.
Police in the city of Hamilton, Ontario, arrested the unidentified perpetrator on Wednesday, after over a year investigating what they have described as the biggest-ever cryptocurrency theft from a single person in either the US or Canada. Local police began a joint investigation with the Federal Bureau of Investigation and the US Secret Service Electronic Crimes Task Force in March 2020, when the theft was reported.
The Hamilton Police Service said it had made “multiple” seizures in excess of CA$7 million (US$5.5 million) during the arrest, which came after investigators noticed some of the stolen money had been used to buy an online username considered “rare” in the gaming community, according to a police statement.
The victim was apparently targeted by a cell phone hijack known as SIM swapping. This method involves manipulating cellular network employees to duplicate phone numbers in order to let the scammer intercept the two-factor authorization requests that allow them access to a victim’s account.
This method is considered especially potent because a lot of people use the same password for multiple sites, according to Detective Constable Kenneth Kirkpatrick, of the Hamilton Police’s cybercrimes unit. He added that cyber and cryptocurrency crimes were becoming increasingly common, but noted that the figures involved in this case were “very surprising.”
“It’s a large amount of money in anybody’s opinion,” Kirkpatrick said, adding that the case was currently in the Hamilton court system.
The police haven’t revealed the age or gender of the youth, the username they purchased, or whether they were acting alone.
Objects, including spacecraft, could pierce through the universe using several black holes as a ‘shortcut’, a new study suggests.
The new theory posited by French physicist Pascal Koiran marks a break from earlier research in the field of black hole studies. Previously, it was thought that a so-called ‘wormhole’ composed of two black holes would be prone to instantly collapse, thus making it impossible for an object to successfully travel all the way from one side and out the other. However, by employing different metrics, the French scientist’s new model has arrived at a very different conclusion: “We show that the particle reaches the wormhole throat for a finite value t′1 of the time marker t′.” In essence, that means an object, for instance, a spacecraft, could pass through this wormhole portal intact and reach some far-away region of the universe, taking far less time than would be needed if traveling conventionally.
The study in its entirety will see the light of day in the upcoming issue of the Journal of Modern Physics D, though an abstract has been available since early October.
Yet, there are too many ifs as to whether this purely theoretical model has any bearing on the way the universe actually works. For starters, to create such a time-and-space tunnel you would need a regular black hole and a so-called white hole, which is essentially a black hole in reverse. While black holes never let anything out, their ‘twins’ never let anything in. So, according to Albert Einstein’s theory of general relativity and Nathan Rosen’s additions to it, if you were to connect the two, they would make up a bridge across time and space. However, if the laws postulated by another branch of physics, thermodynamics, are anything to go by, such a construct would be highly unstable. Perhaps more importantly, the very existence of white holes has yet to be proven beyond a reasonable doubt. At present, they remain a pure theorization, thus putting any talk of space-and-time portals on rather shaky ground.
