A judge has condemned Australian resident Kathryn Nguyen to a jail term of 2 years and 3 months for her stealing more than 100,000 XRP tokens in January 2018.
As per an Aug. 11 report in Australian distribution Information Age, Nguyen was condemned over the robbery of more than $300,000 in XRP two years back. She was at first charged in Oct. 2018 and confessed to misrepresentation charges the next August.
Chris Craigie, the appointed authority managing Nguyen’s case, said it was a “troublesome and disturbing choice” to send her to jail. The Australian national will supposedly be qualified for parole in October 2021.
Presiding judge Chris Craigie said it was a “difficult and troubling decision” to send Nguyen to prison and that her references reflected a “generous and hardworking personality”, according to News Corp.
“A common thread was the offender’s willingness to help others,” Craigie said.
“This takes on a different meaning in her willingly participating and assisting in a criminal enterprise.”
Nguyen was one of the principal individuals to be accused of the robbery of crypto resources in Australia.
Police started their almost year-long examination concerning Nguyen after the casualty detailed being bolted out of his exchanging account.
Administrator of NSW Cybercrime Squad, Detective Superintendent Matthew Craft, disclosed to Information Age it was basic for potential cybercrime casualties to make a report.
“The problem we have nationally – not just in New South Wales – is that the reporting rate for cyber related crimes is very low,” Craft said.
In January 2018, she apparently hacked into the email of a 56-year-elderly person with a similar last name as her and took all his XRP possessions before delivering control of the record two days after the fact. This was the point at which the crypto resource was close to its record-breaking high of $3.84.
Nguyen apparently moved the XRP possessions to a Chinese crypto trade where she traded the tokens for Bitcoin (BTC), sending them to numerous wallets in what may have been an endeavor to wash the assets. As indicated by neighborhood media source 7News Sydney, experts in China were just ready to recuperate generally $9,000.