Man Steals 182 BTC ($1.2M) from Former Partners to Avenge 2016 Dismissal

An unnamed French tech entrepreneur who claimed he was dismissed unjustly by his former partners back in 2016, attempted to avenge the perceived injustice by stealing 182 BTC ($1.2 million) between late December 2018 and January 2019.

The French news agency, Le Parisen which first reported the ugly development, revealed that investigations led to authorities to figure out and arrest the man for engaging in such criminal conduct.

Per the story, the unnamed man fell out with fellow managers in a company that he co-founded in 2013, a situation that forced him to leave the company, as well as the country to continue his career.

But he was bent on finding a way to avenge his dismissal and somewhat succeeded when he used his knowledge of the former company’s financial transfer threshold to withdraw Bitcoin (BTC) to his personal wallet address.

He reportedly stole 182 BTC ($1.2 million) without his former partners detecting it early. But a string of investigative work traced the funds’ transfer to the man’s wallet. 

Meanwhile, upon being arrested by French authorities in Calvados on Dec. 20, the then alleged suspect admitted to the crime and confirmed he was doing it to avenge his dismissal. He was subsequently charged him with robbery, money laundering and fraudulent access to personal data.

In a similar development, Coinfomania reported that authorities in Uganda arrested the alleged founder of a $2.7 million crypto-related Ponzi scheme.