British, German and Europol authorities said that they have arrested a British man who has stolen more than $11million worth of IOTA.
He has been accused of launching a website that was claiming it could create secret passwords for IOTA users.
These were basically randomly generated. But in fact what was happening was that the passwords were stored on the server and they were used to steal funds.
“Several victims created the seed on this website in good faith, however, the seeds were stored in the background by the service provider. Later the criminal used these to gain access to the victims’ wallets and transferred their money to other wallets created with fake IDs,” the official announcement said.
Monero’s latest predictions in terms of price were positive during the last few days but it seems that the bears have gotten a hold of the privacy-oriented coins and they just won’t let go.
The privacy-oriented coin has been pulled down during the past few days by a constant bear pressure that lingered around, but a mild bullish pressure caused the prices to enter the consolidation stage.
BCFocus notes that the current resistance level for XMR is at $44.5.