Italian police say the operator of BitGrail stole over $146M from the now-bankrupt cryptocurrency exchange in a series of hacks.
- A cryptocurrency exchange called BitGrail, which declared bankruptcy in 2019, lost about $146M through several hacks, as reported by Reuters.
- Italian police suspect that a Florence-based man who managed the exchange, known only by his initials F.F, stole cryptocurrencies from his own customers.
- BitGrail's F.F., suspected by Italian authorities to be Francesco Firano, reported the hack to the police. He is now facing charges himself of fraudulent bankruptcy, money-laundering, and computer fraud.
- BitGrail's victim count exceeded 230,000, making it one of the most widespread financial attacks in Italian history.
- The director of Italy's national center for cyber crimes (CNAIPIC), Ivano Gabrielli, stated that the investigation revealed F.F's involvement in the NANO hack, costing 17 million NANO tokens ($17.5M).