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      Man robbed of 16 bitcoin hunts down suspects, sues their parents

      Tim De Chant · news.movim.eu / ArsTechnica · Friday, 27 August, 2021 - 18:27

    Man robbed of 16 bitcoin hunts down suspects, sues their parents

    Enlarge (credit: KeremYucel / iStock )

    Andrew Schober was almost all-in on cryptocurrency. In 2018, 95 percent of his net wealth was invested in the digital tokens, which he hoped he could sell later to buy a home and support his family.

    But then disaster struck. Schober had downloaded an app called “Electrum Atom” after clicking a link on Reddit, mistakenly thinking it was a bitcoin wallet. Instead, it was malware that allowed hackers to steal 16.4552 bitcoin when he tried moving some of his tokens. At the time, they were worth nearly $200,000. Today, they would be worth over $750,000.

    Distressed, Schober didn’t eat or sleep for days. He vowed to track down the culprits. After years of private investigations costing more than $10,000, Schober thinks he has found the thieves, and he’s suing their parents to get his bitcoin back. Krebs on Security first reported on the lawsuit.

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