New Zealand Police Seize $90M Linked to Alleged BTC-e Exchange Operator
The bank funds are said to be linked to Russian Alexander Vinnik, who allegedly ran the defunct crypto exchange BTC-e.
The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.
The liquidator of the defunct cryptocurrency exchange has opened a portal so former users can begin making claims to retrieve their trapped funds.
The hacked wallet belonged to a creditor, U.S. firm Stakenet, which had not lost funds in the 2019 hack, as reported by Stuff.
As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds.
NZX has halted trading for the third day in a row as a result of cybercriminals attempting to extort cryptocurrency.