The Japanese authority has successfully arrested an underage hacker who allegedly stealing money through hacking from cryptocurrency users. The identity of the hacker remains undisclosed due to the Japanese law which applies for all the underage. According to the report, the hacker has pleaded guilty of stealing $134,000 through Monappy and have been handed over to the prosecutor.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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