Chongqing Liangjiang New Area police have cracked a virtual currency theft case, arresting three suspects, according to Jinse Finance.

In late June, the Tiangongdian Police Station of the Liangjiang New Area Branch received a report from a local technology company, alleging that over 2.6 million BLAST coins (a type of virtual currency) worth approximately 400,000 yuan had been stolen from the company's account.

Based on the clues provided by the reporting party, the police thoroughly analyzed the transaction path and the flow of funds, identifying Yang, Wu, and Sheng as the suspects. During their employment at the company, they exploited their positions to insert code into the company's computers, stealing the company's virtual wallet address and private key passwords. They then transferred the BLAST coins from the company's virtual wallet to a virtual wallet they had prepared beforehand, subsequently converting them to cash and sharing the spoils. The police have now apprehended the three suspects, who have confessed to the crime.