Crypto Thief Who Stole $3 Million From a Woman Arrested

Zhang Tianzhe, who recently stole $3 million worth of crypto assets in a robbery attempt, was arrested. The man broke into a home in California, tied up the woman with duct tape, and threatened her to transfer millions from her account to his.

The 31-year-old Zhang reportedly wore ski goggles, gloves, and a hood during the burglary. The woman was threatened with a knife and was given instructions through an iPad that was hanging on Zhang’s neck.

The burglary, which took place in March, was thought to go out in the shadows after Zhang fled to Taiwan. However, American investigators were trying to track him down ever since the burglary. They eventually flew to Taiwan to capture him.

Zhang was detained in Taiwan, and he had with him $8,000 cash, a tablet, a laptop, crypto wallets, and further pieces of evidence of the crime. He has been taken to San Francisco, where he will be facing charges for first-degree residential burglary and kidnapping for ransom and criminal threats.

With the increased crypto adoption, burglars are trying to get their hands on cryptocurrencies, which they believe will be hard for the cops to trace. As the number of crypto adopters rise, so does the number of crypto scams.

A report by the FTC revealed that over $1 billion was lost due to cryptocurrency scams in the last year. The only way to avoid falling victim to such scams is by staying informed, says crypto investors. “It is equally essential to Do Your Own Research (DYOR) before pouring money into any project.”