Afek Zard, the man accused of stealing over $9 million worth of Dash coins, has finally been indicted in Israel.
Reports have pegged that the amount of Dash coins Zard has stolen from his roommate amounts to more than .85 percent of the cryptocurrency’s whole circulation.
Zard’s victim, Alexei Yaromenko, is described to be a pioneering investor in cryptocurrency. Yaromenko was said to have begun building his crypto assets from 2013. He was credited to have taught Zard everything he knew about cryptocurrencies and how to trade them.
According to documents filed by lawyer Giora Hazan, Zard reportedly had a key to his mentor’s apartment and accessed the unit while Yaromenko was away. The virtual coins were said to be in Yaromenko’s wallet on March 1, when the Dash was worth around $82.5 a unit.
Prosecutors say that at the start of the month, Zard began using the victim’s computer to steal his credentials for the crypto wallets. He also stole the items in Yaromenko’s wallets and transferred them to his own accounts. It’s unclear whether he perpetrated the crime by himself or he had help.
What is clear though is that Zard is being accused of money laundering, theft under aggravated circumstances, and the penetration of a personal computer to perpetrate a crime.
Offenses related to cryptocurrency are beginning to be prosecuted. One Manhattan DA recently indicted several individuals accused of laundering millions and selling drugs using bitcoin. Last month, a 33-year-old man from Denmark was sentenced to four years in jail for money laundering in bitcoin.