Chongqing Police Bust Cryptocurrency Theft Case Involving 400,000 Yuan

According to Jinse Finance, the Liangjiang New Area Branch of the Chongqing Municipal Public Security Bureau successfully solved a virtual currency theft case involving approximately 400,000 yuan and apprehended three suspects.

The case began in late June 2024 when the Tiangongdian Police Station of the Liangjiang New Area Branch received a report from a local technology company. The company reported the theft of over 2.6 million BLAST tokens (a type of cryptocurrency) from their account.

Through analysis of transaction paths and fund flows, the police quickly identified and arrested the suspects: Yang, Wu, and Sheng.

Investigation revealed that the three suspects were former employees of the technology company. They used their positions to plant malicious code on the company's computers, stealing the company's virtual wallet address and private key password. On the evening of June 26, after the company's virtual wallet received officially distributed BLAST tokens, the suspects immediately transferred the tokens to a pre-prepared wallet, subsequently cashing them out and sharing the spoils.

Currently, the three suspects have been formally arrested by the procuratorate on suspicion of theft, and the case is under further investigation.