2 men allegedly linked to theft of cryptocurrencies worth over $8m charged
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SINGAPORE — Two men allegedly worked together to access a computer platform even though they were not authorised to do so and stole cryptocurrencies worth around US$6.5 million (S$8.4 million).On Aug 28, Singaporean Dai Yong, 36, and Chinese national Zhang2 men allegedly linked to theft of cryptocurrencies worth over $8m charged
SINGAPORE — Two men allegedly worked together to access a computer platform even though they were not authorised to do so and stole cryptocurrencies worth around US$6.5 million (S$8.4 million).On Aug 28, Singaporean Dai Yong, 36, and Chinese national Zhang Xinghua, 38, were each charged with one count of misusing a computer system linked to global cryptocurrency exchange SafeX.The pair and other unknown parties are accused of committing the offence on or around June 30.The police said in a statement that on Aug 22, officers received a report about a case involving multiple instances of unauthorised access to a cryptocurrency wallet, resulting in unlawful transfers of cryptocurrencies from it.Officers from the Cybercrime Command of the Criminal Investigation Department identified the two men and arrested them four days later.