{"id":31022,"date":"2021-12-21T19:00:14","date_gmt":"2021-12-21T14:00:14","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=31022"},"modified":"2021-12-21T14:37:12","modified_gmt":"2021-12-21T09:37:12","slug":"us-to-return-154-mn-stolen-by-sony-employee-and-converted-to-bitcoin","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/us-to-return-154-mn-stolen-by-sony-employee-and-converted-to-bitcoin\/","title":{"rendered":"US to return $154 mn stolen by Sony employee and converted to bitcoin"},"content":{"rendered":"<p>Washington, Dec 21 (AFP\/APP):The US Department of Justice said Monday it has taken action to return more than $154 million allegedly stolen from a Sony subsidiary by one of its Japanese employees who converted it into bitcoin.<\/p>\n<p>According to the civil forfeiture complaint filed Monday in San Diego, Rei Ishii, an employee of Sony Life Insurance Company Ltd in Tokyo, allegedly diverted the $154 million in May when the company attempted to transfer funds between its accounts.<\/p>\n<p>The money was diverted to an account Ishii controlled at a bank in La Jolla, California and he then converted the funds into 3,879 bitcoin, valued at more than $180 million today, according to the US Attorney&#8217;s Office for the Southern District of California.<br \/>\nThe funds were seized on December 1 following an FBI investigation, it said.<\/p>\n<p>With assistance from Sony, Citibank and Japanese law enforcement, FBI investigators were able to obtain the private key, equivalent to a password, needed to access the bitcoin address.<\/p>\n<p>&#8220;All the bitcoins traceable to the theft have been recovered and fully preserved. Ishii has been criminally charged in Japan,&#8221; the Justice Department said.<\/p>\n<p>&#8220;It is our intent to return the stolen money to the victim of this audacious theft, and today&#8217;s action helps us do that,&#8221; acting US attorney Randy Grossman said.<\/p>\n<p>&#8220;This case is an example of amazing work by FBI agents and Japanese law enforcement, who teamed up to track this virtual cash. Criminals should take note: You cannot rely on cryptocurrency to hide your ill-gotten gains from law enforcement.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington, Dec 21 (AFP\/APP):The US Department of Justice said Monday it has taken action to return more than $154 million allegedly stolen from a Sony subsidiary by one of its Japanese employees who converted it into bitcoin. According to the civil forfeiture complaint filed Monday [&#8230;]<\/p>\n<p>\n","protected":false},"author":16,"featured_media":31023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[15055],"class_list":["post-31022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news","tag-us-to-return-154-mn-stolen-by-sony-employee-and-converted-to-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US to return $154 mn stolen by Sony employee and converted to bitcoin<\/title>\n<meta name=\"description\" content=\"US to return $154 mn stolen by Sony employee and converted to bitcoin\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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