Bitcoin $1M Theft Discovered Too Late for Computer Fraud Claim

Two UK teens suspected of stealing $1 million in bitcoin from a Colorado man avoided a Computer Fraud and Abuse Act claim but must face other allegations in the man’s civil suit, a federal court in Colorado ruled.

Andrew Schober downloaded malware disguised as software in January 2018 from an online forum where the teens allegedly posted a link. The theft occurred when he copied a cryptocurrency wallet address, which the malware replaced with an address controlled by Benedict Thompson and Oliver Read, Schober alleges. The teens were computer science students at the time.

Schober spent about $10,000 on an ...