- Hackers have been gaining access to Microsoft Outlook email accounts to reset user passwords, in order to steal cryptocurrency, including Bitcoin (BTC).
- One victim had a Bitcoin stolen after the cybercriminal accessed his emails to reset a password for his Kracken account, to then withdraw the Bitcoin.
A victim of hacking recently expressed his concerns, after a cyber-criminal gained access to Jevon Ritmeester’s account with Microsoft support login credentials. The hacker then used the information to hunt through email information to reset passwords and withdraw Bitcoin from his accounts on cryptocurrency exchanges
Ritmeester reported that he lost one Bitcoin (BTC) equivalent to $5,500 the current price at the time of writing. He said:
The hackers also had access to my inbox, allowing them to password-reset my Kraken account and withdrawal my bitcoin.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.