A Spanish Court has issued an order compelling a division within the countryâ€™s police to investigate the possible existence of â€œcomputer fraudâ€ on the Bittrex cryptocurrency platform. The order was issued following the filing of a complaint by a Tenerife based Bittrex user who claims to have lost 1.3 BTC (or $58,000) that was stored on the exchange platform.
According to a Spanish media report, the unnamed userâ€™s problems started when initial attempts to access his funds were unsuccessful. However, after gaining access some 48 hours later, the user reports that â€œthe money had literally disappeared.â€ The user contacted representatives of Bittrex who then â€œattributed the theft to the actions of cybercriminals.â€
Meanwhile, in its February 9 order, the Spanish Court says it wants law enforcement to carry out â€œa line of technological research that allows the author (of the theft) to be identified.â€ The court also wants â€œthe Bittrex insurance companyâ€ to be involved in the investigation as well as to provide the appropriate insurance policy.
Bittrex Allegedly Culpable
In the meantime, the report also quotes an unnamed â€œexpertâ€ who lists and explains the possible charges facing Bittrex as a result of the userâ€™s loss. In laying the blame for the theft at the door of Bittrex, the expert said:
According to the expert, these â€œevents occurred on three different days from France, Granada, Madrid and a town in Minnesota, in the United States.â€
Meanwhile, the expert also notes that the cybercriminal(s) had â€œallegedly used a different operating system from that of the owner of the account.â€ This according to the expert â€œshould have raised a red security flag for Bittrex.â€
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