Ripple has lost nearly 90 per cent of its value since January. Picture: iStock
Ripple has lost nearly 90 per cent of its value since January. Picture: iStock

23yo’s $450,000 crypto heist

POLICE in New South Wales have arrested a 23-year-old woman over the alleged theft of more than $450,000 worth of the cryptocurrency ripple.

Detectives from the State Crime Command's Cybercrime Squad established Strike Force Rostrevor in January to investigate the theft of 100,000 units of ripple from the electronic account of a 56-year-old man.

At the time, the cryptocurrency was trading at about $US3.18.  Ripple has lost nearly 90 per cent of its value since its January peak of $US3.39. Today, the 100,000 units are worth about $65,000.

The victim told investigators he believed his email account had been hacked the previous month and was subsequently locked out of his account for two days in mid-January.

When he regained control of the account and checked the activity, he noticed his cryptocurrency account had also been compromised leaving almost a zero balance.

NSW Police said "following extensive investigations", Strike Force Rostrevor detectives executed a search warrant at a home in Epping at 8am on Thursday.

The woman was arrested and taken to Ryde Police Station.


Teen ‘shown the door’ after stealing hundreds from co-worker

Premium Content Teen ‘shown the door’ after stealing hundreds from co-worker

She was working as a cleaner in Airlie Beach when she took the cash

Whitsunday United farewells 2020 in style

Premium Content Whitsunday United farewells 2020 in style

It was a tough but successful season for the Whitsunday United Football Club.

Border opening gifts hope for bumper Christmas season

Premium Content Border opening gifts hope for bumper Christmas season

The Whitsundays welcomed visitors from southern states for the first time in months...