Aurora man accused of $9 million cryptocurrency theft after exploiting vulnerability


AURORA, Colo. (KDVR) — Was it theft or a golden opportunity?

That’s the question Arapahoe County jurors will be asked next week when it comes to deciding the fate of Mark Shin, charged with stealing nearly $9 million worth of cryptocurrency.

The 31-year Aurora man is charged with theft, cybercrime theft and money laundering for what prosecutors say he did from his home computer on Aug. 22, 2020.

According to a grand jury indictment obtained by the Problem Solvers, Shin discovered “an unintended vulnerability in the Revision 9 update” of the ICON Nation cryptocurrency, a rival to the better-known Bitcoin.

Instead of alerting the ICON Foundation/Nation, the indictment said “Shin changed the vote/select delegate function 558 times over an eleven-hour period to mint unauthorized ICX. From his personal computer, Shin minted and stole from the ICON Nation approximately 13,924,045 unauthorized ICX, which was roughly the equivalent of approximately $8,988,406.00 U.S. dollars at the time of the…

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