Sydney Woman Arrested For Stealing 100,000 XRP

Police have arrested a 23-year-old woman from an address in Epping, Sydney where she lives with her parents for allegedly raiding a 56-year-old man’s cryptocurrency wallet and transferring more than 100,000 XRP to an exchange in China.

In a video report on Oct. 25, 2018, the Brisbane Times revealed that while the case is the first of its kind in Australia, local police do not expect it to be the last.


This is the first time that I have seen any news article actually reporting Australian Police arresting someone for the theft of Crypto.

This definitely sets a new precedence as far as the legal recognition of crypto in Australia.


Australian police are now encouraging crypto holders to enable addition 2-factor authentication methods so as to reduce the likelihood of having their wallets compromised by a hacker who manages to gain control of their email address or mobile phone number.


Although this may be the first time that anyone recalls of such a case, this is definitely not going to be the last of its kind.

The Police Officer who spoke with the reporter about this stated clearly how he sees it becoming the “norm”.


Hence crypto has just taken a leap forwards in its status and overall legal recognition in Australia.


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