Europol, in conjunction with the United Kingdom’s South West Regional Cyber Crime Unit, the Dutch police, Eurojust, and the U.K.’s National Crime Agency (NCA) arrests six people suspected of stealing over $27 million in cryptocurrency, as per a press release on June 25.
The attackers allegedly stole credentials from a website with a similar name as an established one. Typosquatting is a type of fraud where login data is recorded. A similar instance was recorded a few days ago, the scammers were spreading new malware, the host for these viruses is a website imitating the website for Cryptohopper, a website that provides users tools to perform automatic cryptocurrency trading.
The report states that Europol claimed that hackers used typosquatting to steal login details. This allowed them to gain access to client wallets as well as the funds within. Europol reports that hackers were able to steal approximately 4,000 bitcoins (BTC), from 12 countries using the same scheme.
According to reports, six of the individuals are located in the U.K. as well as the Netherlands. Europol was later used to coordinate the British and Dutch authorities, which shared information at their headquarters prior to the arrests.