A Spanish court has issued an order forcing the country’s police to investigate the possible existence of computer fraud on the currency coding platform Bittrex. The injunction was issued after a Bittrex user living in Tenerife filed a complaint claiming to have lost 1.3 BTC (or $58,000) stored on the trading platform.

Cybercriminals indicted

According to a report in Spanish media, the anonymous user’s problems began when initial attempts to access his money failed. However, after gaining access about 48 hours later, the user reports that the money has literally disappeared. The user contacted Bittrex representatives, who then linked the theft to the cybercriminals’ actions.

In the meantime, in its judgment of 9. In February, the Spanish court stated that it wanted law enforcement agencies to conduct a series of technological investigations to identify the perpetrator (of the theft). The Court also wants Bittrex’s insurance company to be involved in the investigation and the relevant insurance policy to be produced.

Bittrex Probably cultured

At the same time, the report cites a list of unnamed experts and outlines the potential costs that Bittrex could incur as a result of losing users. The expert blames Bittrex for the theft:

Bittrex had led the flight before it happened on the 26th. May 2020, allowed four access attempts from different IP addresses, different locations, and different operating systems, all of which were incompatible with what the user had been using up to that point, and Bittrex did nothing to prevent it.

According to the expert, these events took place on three different days from France, Granada, Madrid and a city in Minnesota, USA.

However, the expert also notes that the cybercriminal(s) would have used a different operating system than that of the account holder. According to the expert, this should have been an alarm signal for Bittrex security.

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