Crypto wallet of Hyderabad man’s company hacked; tokens worth Rs 37.57 lakh stolen
HYDERABAD: Cyberfraudsters hacked a company’s crypto wallet and stole utility tokens worth Rs 37.57 lakh and sold them.
The complainant’s company is incorporated in the British Virgin Islands and its representative, a resident of Gachibowli, said the firm operates in the technology sector. As part of its business, the company has issued utility tokens, digital assets in the marketplace that grant holders access to specific products, platforms or services offered by the firm and these were issued lawfully in compliance with the laws of the British Virgin Islands, which permit technology companies to issue such digital instruments as part of their operations.
