Prison Sentence for Three People Who Stole Their Friend’s Bitcoin!

The increasing popularity and use of Bitcoin day by day causes interesting events to occur in daily life.

At this point, the latest news came from Vietnam. Three people were sentenced to prison for stealing 7 Bitcoins worth $287,500 from their friends using the recovery code, Vietnam’s local news agency VN Express reported.

According to the report, 32-year-old Pham Van Thuan and 33-year-old Nguyen Thai Son became friends with a man named Trieu in 2018.

Van Thuan, who was suffering from economic difficulties, went to Trieu’s house in April 2022 while looking for a job.

While staying at Trieu’s house, Van Thuan borrowed a laptop bag from Trieu and found a note inside the bag with the words ‘Trust Wallet Recovery’ written on it.

He used the recovery password written in the note to log into Trust Wallet and found out that Trieu had 7 BTC.

Van Thuan subsequently returned the bag and left Trieu’s house. After Thuan left, he re-entered Trieu’s account and transferred the Bitcoins to his own account.

Trieu realized that his BTCs were stolen and called Thuan repeatedly, thinking that Thuan might have done this.

However, Trieu, who could not reach Thuan, reported the Bitcoin theft to the police.

Thaun asked his friend Nguyen Thai Son for help to hide. He helped Son Thuan rent a hotel room to hide from Trieu. Son Nguyen called his friend named Cong Dung and asked him to help Thuan.

Son and Dung demanded 4.3 Bitcoins in return for this help, which Thuan accepted.

While Son and Dung spent all the Bitcoins they received, Thaun called Trieu on May 21 to make an arrangement regarding the Bitcoins.

Thuan, who was followed by the police, was caught and arrested after this search.

Since Vietnam’s current laws do not recognize Bitcoin and other cryptocurrencies as legal currencies and means of payment in Vietnam, Thuan was sentenced to 13 years in prison for “using computer networks, telecommunications networks and electronic means to commit acts of property appropriation.”

Other defendants Last 8 years 6 months; Dung was sentenced to 10 years in prison.

*This is not investment advice.

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