– Teen sentenced for $4.3M crypto heist aided by ZachXBT – Attackers posed as delivery drivers during the robbery – Sheffield Crown Court issues sentences, nearly all funds seized – Investigation used TLOxp database to locate victim’s address – TLOxp security issues linked to major thefts and robberies – ZachXBT warns of database access risks via Telegram channels – Cross-border collaboration between blockchain investigators and police

A 16-year-old, along with two accomplices, has been sentenced for orchestrating a $4.3 million cryptocurrency robbery using professional detective tools. Blockchain detective ZachXBT played a key role in the investigation leading to their prosecution.

On June 18, 2024, armed attackers forced a victim to transfer $4.3 million in cryptocurrency, posing as delivery drivers.
The perpetrators used TLOxp, a restricted database, to locate the victim's address. This database is usually only available to licensed investigators.
Chat logs revealed the attackers conducted surveillance and discussed details regarding the victim's location.
ZachXBT highlighted that the compromised security of TLOxp has led to significant thefts from Coinbase users and potential deaths due to robberies or swatting incidents.
Data breaches of companies like Coinbase and Byte Federal have exposed user addresses and other personal information, increasing physical targeting risks.

The investigation, initiated by ZachXBT upon being tagged by the victim, successfully identified the main suspect through leaked documents. This case underscores the importance of heightened awareness around data security for crypto holders and reflects growing law enforcement attention on crypto crimes.