Australian Woman Jailed for Theft of More Than 100,000 XRP

Sydney, Australia (Olga Kashubin/Shutterstock)

An Australian girl has been sentenced to over two years in penal advanced for a main theft of the XRP cryptocurrency in January 2018.

  • In step with a document Tuesday by Australian info outlet Data Age, 25-year-broken-down Kathryn Nguyen used to be sentenced to two years and three months by Like Chris Craigie for hacking a sufferer’s wallet and making off with over 100,000 gadgets of XRP.
  • Nguyen and an affiliate infiltrated a 56-year-broken-down man’s cryptocurrency memoir by swapping his two-part authentication to her hold cell phone.
  • She later transferred the stolen XRP to an unnamed alternate the keep it used to be traded for bitcoin earlier than being distributed across more than one wallets.
  • The funds are now price correct below US$30,000, but had been reportedly exchanged at the cryptocurrency’s peak in early 2018 after they had been price as much as around $300,000.
  • Like Craigie acknowledged the crime used to be “out of character” for Nguyen and that her “correct judgment used to be distorted” at the time.
  • After an nearly 12-month investigation, police raided Nguyen’s house in Epping, a suburb of Sydney, closing year, seizing computers, cellphones and money.
  • Detective Superintendent Matthew Craft acknowledged reporting of cyber-connected crime used to be a national difficulty and now no longer totally that of the convey of Recent South Wales.
  • In step with Data Age, Nguyen is the first Australian to be charged over the theft of cryptocurrencies.


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