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breaches incidents
Money launderer accused of stealing seized crypto while in prison
A Bulgarian national, currently incarcerated for money laundering related to fraud, has been charged with stealing $290,000 in government-seized cryptocurrency. The alleged theft occurred while the individual was serving a 121-month sentence for helping launder millions of dollars from American fraud victims.
Why it matters: Law enforcement and asset management teams overseeing seized crypto holdings need to strengthen access controls and audit procedures, as this case demonstrates that even imprisoned individuals can access and steal government custody assets.
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- First seen by Cybersecurity Tracker