IOTA says bulk of $11 million stolen tokens found, hacker worked alone

A top official at technology group IOTA Foundation said most of the roughly $11 million in the company’s cryptocurrency stolen from investor wallets has been found, but the funds are being held to be used as evidence by law enforcement authorities against the alleged perpetrator of the heist.

Last week, Europol announced that it helped UK and German law enforcement agencies arrest a 36-year old man from Oxford, England, accused of stealing around 10 million euros (about $11.4 million) in IOTA coins from more than 85 victims around the world since January 2018.

With the growth of cryptocurrencies over the last three years, crime has become a huge problem, surging more than 400 percent in 2018, with investor losses of about $1.7 billion.


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