An investigator with the Santa Clara County District Attorney’s Office and members of the state’s Regional Enforcement Allied Computer Team (REACT) worked with the local Oklahoma police in tracing the phone used in the hack. It was later tracked to a hotel, where the subsequent arrests were made.
According to Oklahoma state laws that Fletcher Robert Childers, 23, and Joseph Harris, 21, of Missouri, were arrested on suspicion of grand theft, a first-degree felony, and identity theft, a Class C misdemeanor. If charged for both, the duo could receive up to 35 years of prison time.
Oklahoma police have arrested two men who reportedly stole millions of dollars from a California-based cryptocurrency company.
Crowd Machine reached out to its community with a request to not deal with people associated with the compromised wallet address. In response, many exchanges halted trading of CMCT tokens.
Craig Sproule, the CEO and co-founder of Crowd Machine wrote “It is highly recommended that no one purchase CMCTs until the criminal investigations have ceased, at which time, we expect closed exchanges to re-open. Purchases of stolen tokens by those not involved with the theft will be honored.”
Harris is now kept under custody at an Oklahoma jail without bond. The detention status of Harris was not clear at the time of writing.