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HomeNewsThief Responsible for Fake IOTA Seed Generator Arrested in the UK

Thief Responsible for Fake IOTA Seed Generator Arrested in the UK

The thief responsible for the creation of a fake IOTA wallet seed generator Iotaseed.io has been captured by law enforcement authorities in the UK, according to an official announcement by Europol, the European Union’s law enforcement agency.

Finance Magnates interviewed IOTA Founder David Sønstebø days after the theft occurred. At the time, it was believed that the equivalent of $4 million had been stolen; later, it was determined that a figure closer to $10 million was missing.

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The 36-year-old Oxford-based man was taken into custody on January 23rd by the UK’s South East Regional Organised Crime Unit (SEROCU) in cooperation with the UK’s National Crime Agency (NCA), Europol, and German’s Hessen State Police. Authorities also seized a number of computers and other electronic devices.