Russian Businessman Reportedly Lost 1 million Rubles Worth Cryptocurrency

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Moscow based Businessman lost Cryptocurrency assets worth 1 Million Rubles on the 27th of February.
  • The Businessman is seeking the help of the Moscow Department of the Ministry of Internal Affairs.
  • This had happened in the midweek of January when the Businessman had witnessed he had lost all the assets in his wallet

Moscow based Businessman lost Cryptocurrency assets worth 1 Million Rubles on the 27th of February. The Businessman seeking the help of the Moscow Department of the Ministry of Internal Affairs was shared as a report by Ren TV channel who had witnessed the same saying that the Businessman lost the all the assets in his wallet.

This had happened in the midweek of January when the Businessman had witnessed he had lost all the assets in his wallet, but he only came in to seek the police help this week said the news channel. There were no official figures or names of the cryptocurrencies that were lost from the wallet. An audit has been started for this incident, and the police have started an investigation. 

Previously a similar type of case was recorded in a Russian village named Kosta Khetagurova of the province Karachay-Cherkessia. A resident filed a complaint with the local police that a person had stolen 0.6 BTC from his wallet equivalent to 350,000 Rubles, the victim also said he hadn’t shared any sensitive data regarding his wallet, either username or password with anyone. 

Cryptocurrency Scams 

With the popularity of the cryptocurrency, the scams and theft are also on the rise ever since given due to decentralized network and privacy-oriented features of the cryptocurrency. It is hard enough to trace once when it is lost, and this paves new paths for hackers and cybercriminals to use this advantage and gain easy access to the assets.

Not only individuals with assets, but even the companies and exchanges have also witnessed these scenarios previously using the huge number of assets due to the poor management of the security in their framework. One is advised to use only reputed companies and high-security wallets to store their holdings from further falling into losing the assets.  

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