A young cybersecurity expert who allegedly stole cryptocurrencies from the client's hardware wallet has been arrested by police in Florida. According to reports, Aaron Daniel Mottak promised to set up a security system for his client when he took the opportunity to transfer assets worth a whopping $576,000 in crypto from the client to his own wallet.
Pinellas County Sheriff's Office online booking records reveal that Daniel Mottak, 27, of Pinellas Park, has been charged with grand theft and offenses against computer users. Reports suggest that the accused attempted the digital currency theft while assuring the client that he would improve the security. But instead he stole the Trezor wallet from the man's house.
The fraudulent transaction took place from the man's wallet to Motta's private wallet.
Who is Aaron Daniel Motta?
According to reports, linkedIn profile of Motta states that he is an ethical hacker and cybersecurity analyst by profession under Motta management and mitigation services. The profile further says that Motta is a graduate from St. Petersburg College.
The police have arrested him on charges of grand theft and offenses against computer users. However, he was released on Saturday for a $60,000 bail payment, according to records.
Hackers Steal Millions in Largest Crypto Scams
Hackers stealing cryptocurrencies from wallets and exchanges has become a common phenomenon. Recently, crypto exchange BitMart lost $200 illion worth of cryptocurrencies including BabyDoge and Safemoon. The hack took pace amid the cryptocurrency market correction, which was touted to be one of the largest hack in the crypto space.
In another crypto scam, hackers stole a staggering $15 million worth of Ethereum (ETH) from the exchange Crypto.com, as per data released by PeckShield, a blockchain security and data analytics company.