Bitcoin Forum

Five months investigation by the Delhi Police’s Intelligence Fusion and Strategic Ops (IFSO) reveals that Hamas was behind a cryptocurrency wallet hack, per the Times of India.
The report shows that crypto was hacked from a businessman in Delhi’s residential Paschim Vihar area, the victim lost access to his wallet which contained BTC, ETH, BCH, and many other cryptocurrencies.
As Times of India report, the cryptocurrency is worth like $536,000 by today’s prices.
According to the report, The cryptos were repeatedly sent through different private wallets before reaching Hamas’ military wing.
https://i.imgur.com/Ca44YX1.jpg

Sources:
https://timesofindia.indiatimes.com/city/delhi/probe-points-to-hamas-link-to-crypto-hack/articleshow/89080788.cms
https://decrypt.co/91072/police-investigation-india-reveals-link-between-crypto-hack-hamas
             

Hamas is a designated terrorist organisation and such activities they have been doing when cryptocurrency did not existed. Unless the owner of a wallet does mistake it is not that easy for anyone to hack a wallet. This is why people need to be first educated about cryptocurrency.

I wonder! What kind of money was invested by this businessman which resulted in such a big amount. I am sure the police department knows the answer.

Hacking is are now happening frequently in the industry. After every 2/3 days, any news comes out about crypto hacking. Maybe the businessman made a mistake or store any data in the wrong place. Anything could happen, hackers and scammers are everywhere now. As far I know the businessman is rich enough to hold that amount of money. That's why the case was transferred to the special cell. Another news published from Times Of India(https://timesofindia.indiatimes.com/city/delhi/how-israels-intel-helped-crack-case/articleshow/89080852.cms), that Israel's National Bureau for Counter Terror Financing helped Indian police for solving the case.

This is really dangerous, this indicates how easily can you be hacked and your hard-earned funds can be stolen from you just by the click of any suspicious link. And then you can be directly linked to any terrorist organization in the world. This guy had a large amount so went to the police but think if you had a smaller amount and you decide not to involve the police as they won't be able to help recover the money back. Whenever the government would find out your address they will easily declare you as a terrorist who is transferring funds to terrorist organizations in a suspicious manner. We should take care not to click any such links from our phones and report such incidences to prove our innocence.

I think the major fault here is with this individual who lost his money. I am sure this individual might have kept his crypto assets in a hot wallet and it has been always advised to use a cold wallet if the fiat value of crypto assets is so big. Once lost you cannot recover your crypto asset unless the individual who stole it sends it back which will never happen.

 

These kind of hacking incidents are actually strengthening the belief of the government and enforcement agencies, that crypto is used for terrorism financing. That's not good because such incidents actually overtake the good parameters of cryptocurrency in India media who runs for TRP.

While terrorism financial needs to stopped as it is very concerning for humankind but at the same time, it shouldn't be highlighted as the sole purpose of cryptocurrency. This is bad publicity.

I don't think anyone used a cold wallet for a few lakhs. Everyone uses hot wallets for amounts upto 10-15 lakhs. You don't know his holdings he might be having a separate cold wallet for his larger corpus and might be trading this much amount on regular basis. The problem I feel here isn't about hot or cold, it's about the irresponsible behaviour of the user to click unwanted links. This can happen with anyone with a lower amount also, you just can't keep everything in your cold wallet.