Australian citizen sentenced to prison for stealing $ 300,000 XRP

An Australian court sentenced local resident Kathryn Nguyen to a maximum prison sentence of 2 years and 3 months for stealing 100,000 XRP in January 2018.

At the moment, the amount of stolen crypto assets is about $ 30,000, but at the time of the theft, XRP coins were trading at $ 3. Nguyen, along with an accomplice, hacked into the wallet of the 56-year-old victim and transferred the cryptocurrency to their account on a foreign exchange. After that, XRP was exchanged for bitcoins and distributed to several addresses. 

Nguyen was charged in October 2018, and she confessed to the theft last August. Interestingly, Judge Chris Craigie, who sentenced the defendant, called the decision “difficult and problematic.” However, in October 2021, Nguyen may be released from prison on bail.

Catherine Nguyen was one of the first Australian citizens to be charged with stealing cryptocurrencies. Recall that in July, a New Yorker was charged with cryptocurrency fraud. He received digital assets worth $ 4.5 million, which he used to bet on offshore gambling sites.

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