Australian police officer accused of stealing 81.6 BTC

The National Anti-Corruption Commission (NACC) of Australia has accused federal police officer William Whittle of stealing from the Trezor hardware wallet 81.62 Bitcoin confiscated from a drug trafficking syndicate.

The device was handed over to the task force to restore access, but cyber police determined that all cryptocurrency was withdrawn shortly after the wallet was confiscated. At the time of confiscation, the amount was estimated at approximately $450,000. Now it exceeds $4.2 million

An Australian federal police officer has denied allegations that he stole Bitcoins and transferred them to cryptocurrency exchange Binance.

Already a former Australian Federal Police officer, William Wheatley.

According to recently published report, Australian police found a hardware wallet during a drug raid but waited about three weeks to get court approval to access it. After gaining access, no cryptocurrency was found on the wallet, and William Wheatley claims that he allegedly handed it over immediately after the raid.

Cybercrime officials said authorities initially believed associates of drug dealers arrested during the raid were responsible for the theft of the bitcoins.

Suspicion arose after a thorough investigation using cryptocurrency tracking tools such as our Bholder. One of the IP addresses used to access the stolen bitcoins, found himself connected to federal police headquarters in Melbourne. Thus, the investigation came to the police officer
“I formed the opinion that a police member may have been involved in the movement of the cryptocurrency.” Detective Sergeant Deon Ahtipis of the Cybercrime Unit spoke.
Law enforcement agencies around the world are implementing cryptocurrency tracking software to combat illegal activities involving digital assets. Our company also contributes to this activity with the help of Bholder - a tool that clearly shows the interaction between blockchain addresses.

In addition, advances in solutions for crypto investigations lead to a constant increase in the number of funds that were recovered after theft. Estimates of the amount of these funds vary, but for example, our colleagues at PeckShield claim that in 2023 they were able to return more than $674 million.
Meanwhile, former officer Whitley pleads not guilty and is ready to fight charges of stealing bitcoins from a Trezor wallet.

It is especially interesting that this situation occurs against the backdrop of Trezor's admission of a breach of their security loop affecting almost 66,000 users.

Cointelegraph reported that on January 17, Trezor reported an unauthorized login to a third-party portal that provides support services for Trezor users. The company warned that individuals who interacted with Trezor support since December 2021 may have been compromised as a result of the incident.
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