Chinese police crack virtual currency theft involving millions

XI'AN - Police in Xi'an, capital of Northwest China's Shaanxi province, arrested three suspects for stealing about 600 million yuan (around 87 million US dollars) worth of virtual currency by hacking, local police said.

Police in Xi'an received reports in March from a man claiming his computer was illegally intruded and more than 100 million yuan worth of bitcoin and ether were stolen.

After an initial investigation, police found the suspects had remotely hacked the virtual currency account.

Police tracked down the suspects after three months with the help of several Chinese internet companies and arrested the hackers two months later on August 15.

Further investigation is underway.