Thursday, December 19, 2024
HomeAltcoinsFlorida man steals USD 575,000 in cryptocurrency from an elderly person

Florida man steals USD 575,000 in cryptocurrency from an elderly person

According to the Clearwater Police Department, a 27-year-old man stole more than $575,000 in cryptocurrencies from an elderly person while installing technology in the victim’s house.

As per the arrest document, Aaron Daniel Motta of Pinellas Park faces felony charges of grand theft and crimes against internet users.

The report says, Motta was at the victim’s residence to install a security system and had access to the victim’s computer. While there, Motta stole a Trezor hardware wallet, which allows users to store cryptocurrency offline, and found the password nearby, according to authorities.

Motta moved cryptocurrencies worth $575,910.61 to several wallets under his control. Cryptocurrency is a sort of digital money that is kept on the blockchain, a peer-to-peer network that acts as a secure transaction record.

According to Motta’s Facebook profile, he is an IT manager, a former cyber security engineer, and an ethical hacker. On Saturday, the phone number mentioned on the affidavit, which is also posted online by the firm Motta works for, remained unanswered.

The victim is 65 or older. Motta was arrested and booked into Pinellas County Jail on Friday afternoon, but was released before 1 a.m. Saturday after posting $60,000 bail.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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