About $3.05 million was transferred, and the blockchain won’t pop up a window first to ask whether you agree. PANews reported on October 11, citing The Star, that a Malaysian man’s crypto wallet may have been compromised, resulting in a loss of about 12.47 million ringgit, or approximately $3.05 million. The Perak state police chief said the victim discovered on the afternoon of October 9 that a crypto asset had been transferred from his digital wallet without his knowledge or consent. Preliminary investigations indicate that the transaction was conducted via a blockchain network. Police are working with the crypto task force of the Commercial Crime Investigation Department to trace the funds and investigate those involved. Money moves faster than people can react; tracing it depends on a window of time, not on getting angry afterward. What the publicly disclosed details make clear is this: permissions and backups matter more than jokes. We’re not talking about price movements here.
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