/latest/2020/07/malaysian-court-fines-local-actor-for-role-in-50k-cryptocurrency-theft/
Malaysian Court Fines Local Actor for Role in $50,000 Cryptocurrency Theft
malaysian-court-fines-local-actor-for-role-in-50k-cryptocurrency-theft
- The Malaysian courts charged local actor Mas Khan with two counts of stealing and a fine of $4000 or 26 months in jail.
- Khan was accused of stealing nearly $50,000 in crypto-assets from his producer.
A Malaysian court has fined popular local actor Mas Khan for his role in stealing nearly $50,000 worth of cryptoassets from his producer.
According to a report by Malay Mail on July 8, Khan was charged with two counts of stealing and a fine of $4,000, or potentially 26 months in jail, for the theft of $50,000 in cryptocurrency from his producer, Datuk A. Aida.
The report claims Khan gained access to the victim’s private keys and stole from the digital wallet on two separate occasions, pilfering $14,000 before emptying the wallet of nearly $36,000. While the report fails to specify what crypto-asset was stolen, both thefts took place on the morning of March 7, 2019 in an upmarket suburb of Taman Ukay Perdana near Kuala Lumpur.
Khan was sentenced by Magistrate Farah Nasihah after changing his plea to guilty during the third meeting of the case. The accused’s lawyer originally sought a minimum fine on the grounds that his client had been cooperative with authorities since the investigation began.
However, the report claims Deputy Public Prosecutor Nur Intan Syakieraah Zakaria called for harsher sentencing, given the extensive value of the property that was taken from the victim.
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