[Law] An alleged suspect behind €210M Coinrail crypto heist apprehended in France

Summary: A 24-year-old man has been arrested and indicted in Paris for allegedly hacking the South Korean cryptocurrency platform Coinrail in 2018, resulting in the theft of €210 million due to the rise in cryptocurrency prices. The investigation, which spanned three years and involved multiple countries, concluded with the seizure of luxury items and freezing of bank accounts. The suspect faces charges of organized theft, money laundering, and related offenses, while his girlfriend has also been indicted for money laundering.

Affected: Coinrail cryptocurrency platform

Keypoints :

• Suspect identified in connection to the 2018 Coinrail hack after being linked to another investigation in 2021.
• Arrested while in possession of luxury items purchased with stolen cryptocurrency.
• International cooperation was key to the investigation, involving countries such as Morocco, South Korea, Monaco, and the UAE.