BlockBeats News, June 8, according to Knews, on June 7, the Supreme People's Procuratorate disclosed a new type of cryptocurrency theft case. A man named Zhang from Shandong Province had long assisted his acquaintance Feng in handling cryptocurrency transactions. After gaining the other party's trust, he took the initiative to suggest Feng switch to a more convenient digital wallet. The asset mnemonic (key) of this type of wallet is generated by the system by randomly selecting 12 combinations from 2048 common English words, and it is the core password for safeguarding the cryptocurrency.

Taking advantage of a gap when Feng was transcribing the mnemonic, Zhang, relying solely on his naked eye and extraordinary memory, firmly remembered all 11 complete words and even noted the first letter of the last word. That night, relying on fragmented memory, he repeatedly tested and combined to crack the code successfully, unlocking Feng's digital wallet, transferring 107 Bitcoins, and subsequently selling them for an illegal profit of 660,000 RMB.

The court finally sentenced him to ten years and nine months in prison for theft and imposed a fine of 100,000 RMB.