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Parents Sued Over the Bitcoin Their Children Stole

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Andrew Schober wants his money back, and then some.
Cryptocurrency theft is not an uncommon occurrence, but when it happened to Andrew Schober in 2018, he set about tracking down the culprits. Now he’s found them, and he’s suing their parents to get his money back. As KrebsonSecurity reports, Schober had accrued 16.4 Bitcoin back in 2018, which was worth roughly $1 million at the time. He lost it through a piece of malware that had been bundled with a cryptocurrency wallet app called Electrum Atom, which he’d downloaded. The malware waits for a cryptocurrency address to be copied on to the system clipboard by a user and then replaces the payment destination when they paste the address. BleepingComputer put together a video explaining how this clipboard hijacker malware works back in 2018: With the Bitcoin lost, Schober spent over $10,000 hiring experts in the cryptocurrency field to find out where it had gone.

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