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.
UK Home Secretary Priti Patel has acted to proscribe the Palestinian group Hamas “in its entirety,” stating that it has significant capacity to carry out terrorist acts and has facilities to train attackers.
In a tweet on Friday, Patel stated that she had banned the Palestinian group Hamas and designated it a terrorist organization, as she reiterated the British government’s commitment to “tackling extremism and terrorism wherever it occurs.”
“Hamas has significant terrorist capability, including access to extensive and sophisticated weaponry, as well as terrorist training facilities,” she wrote.
The home secretary’s tweet came during her visit to Washington and followed speculation on Friday morning that she was soon to outlaw the group.
Pre-empting Patel’s announcement, Israeli Prime Minister Naftali Bennett welcomed Britain’s “intention” on Twitter.
“Hamas is a radical Islamic group that targets innocent Israelis & seeks Israel’s destruction. I welcome the UK’s intention to declare Hamas a terrorist organization in its entirety – because that’s exactly what it is,” Bennett wrote, thanking the leadership of Prime Minister Boris Johnson.
Yair Lapid, Israel’s foreign minister, also hailed the expected move against Hamas, saying it was “part of strengthening ties with Britain.”
Until now, only Hamas’ military wing, the Izz al-Din al-Qassam Brigades, had been outlawed by the British government. The EU and the US have already proscribed all of Hamas.
Hamas political official Sami Abu Zuhri rejected Britain’s move, claiming it showed “absolute bias toward the Israeli occupation and is a submission to Israeli blackmail and dictations.”
In a separate statement, the group claimed it had a right to resist occupation by all available means, “including armed resistance.”
Hamas seized total control of Gaza in 2007, on the back of an election victory in 2006.
