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Bitcoin Bandit Loses $125,000 of Loot

A man accused of stealing 100 bitcoins from a Beijing company — and subsequently losing 10 of them while trying to transfer them to a digital wallet — is currently being detained on suspicion of tampering with a computer information system. Photo: Visual China
A man accused of stealing 100 bitcoins from a Beijing company — and subsequently losing 10 of them while trying to transfer them to a digital wallet — is currently being detained on suspicion of tampering with a computer information system. Photo: Visual China

Most of us have felt at one time or another like our money just disappears. But for one bitcoin thief, this was literally the case.

Beijing police said they detained a suspect in the theft of 100 bitcoins — now worth just over $1.2 million — but that 10 of the coins have disappeared due to an error the alleged thief made when transferring the digital currency.

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