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Police Arrest a $15K Thief After He Disclosed His Identity Mistakenly

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Police arrest a $115K crypto thief

Connecticut police have arrested a man that stole more than $15,000 in crypto in a mobile phone theft. A report unveiled this news on September 2, noting that the man mistakenly gave out his identity. Per the report, he accidentally sent an apology email to the detective heading the case.

This news comes after a Connecticut resident notified the police that his phone had been stolen in April.

Detailing how the theft took place, the Connecticut police said,

The victim reported that while traveling in California his cellular phone had been stolen in an airport. A few hours after the theft of his phone, he became aware that $15,472.31 had been transferred out of his Coinbase account; an application in which crypto-currency is managed

An Apologetic Thief

After months of probing the case, the police discovered that the thief was Darren Carter, a 29-year-old New Jersey citizen. According to the police, Carter converted the funds he had stolen into US Dollars. He then sent this amount to his PayPal address. After a while, he decided to apologize to the victim via an email. However, he mistakenly sent the apology to the detective heading the case.

With this information, the police tracked Carter down to arrest him on charges of identity theft. To their surprise, they discovered that he was already serving time in the Salem County jail for unrelated charges. They extradited him to Connecticut, where he was unable to post a $150,000 cash bail.  Apart from arresting a thief, the police managed to recover the stolen funds and returned them to the victim.

Crypto Crimes Continue Surging

This news comes after Katherine Nguyen, an Australian citizen pled guilty to stealing $450,000 worth of XRP. She reportedly stole these funds from a man with the same last name in January last year. Her arrest came 10 months after she stole the XRP tokens.

This summer, authorities arrested a former Microsoft employee for plotting to steal $10 million worth of crypto. His scheme had run for seven months before his activities came to light. In this period, he had transferred more than $2.8 million into his bank accounts. His theft involved stealing redeemable crypto gift cards and reselling them for a profit on the web.

According to Ciphertrace, a security firm, cybercriminals have made $4.3 billion from crypto thefts this year. The firm noted that hackers stole more than $124 million from attacking crypto exchanges in the first quarter of this year. 

Do you think the implementation of clear policies could help curb crime in the crypto space? Let us know in the comments below.

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