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In July 2023, 107 bitcoins were exchanged for over 660k yuan 🤨.
At that time, Bitcoin was still around $30k each, so the improper profit that should have been $3 million was turned into 660k RMB?
"Hard Memory" mnemonic theft stole 107 bitcoins: native, a Chinese man was sentenced to ten years and nine months for theft.
On June 8, the Supreme People's Procuratorate disclosed a new type of virtual currency theft case yesterday.
A man from Shandong, Zhang, had been assisting an acquaintance, Feng, with virtual currency transactions for a long time.
After gaining Feng's trust, he proactively suggested that Feng switch to a more convenient digital wallet.
Taking advantage of the moment when Feng was copying the mnemonic phrase, Zhang memorized 11 complete words with the naked eye and a super strong memory, and also remembered the first letter of the last word.
That night, relying on fragmented memory, repeated testing, and combination cracking, he successfully unlocked Feng's digital wallet, transferred 107 bitcoins, and later sold them illegally for a profit of 660k yuan.
🚨 The court ultimately sentenced him to ten years and nine months in prison for theft and fined 100k yuan.