The former CEO of an encryption project lost $450,000 due to a "close friend"'s WiFi hack

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ODAILY
7 hours ago
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According to Odaily Planet Daily, a former CEO of a cryptocurrency project had $450,000 stolen after connecting to a "close friend's" WiFi. The victim, Tom (alias), had previously sold company shares for $500,000 and moved to Asia. After befriending a "close friend" locally, Tom's phone was damaged by rain. After repairing it and re-entering the , he found that his deposits had been stolen. The investigation found that the funds had been transferred to a Binance account. Further investigation showed that Tom's "close friend" had hacked his device through the WiFi network. AMLBot reported that it has recorded 7 similar cases in the past three months, involving amounts ranging from 13 to $300,000. Binance has reportedly frozen the relevant accounts, and Tom has recovered $380,000, with the remaining $70,000 to be repaid in installments.

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