Judged to 10 Years in Prison for Stealing $ 600,000 in Bitcoin: The Case of the UK Hacker
A UK-based hacker was charged with imprisonment for 10 years and eight months for selling an impressive number of stolen credit cards. The authorities have identified $ 600,000 worth of Bitcoin illegally collected.
Grant West, the guilty 26-year-old, based in Kent, was named as a “one man cybercrime wave” for his theft. About 165,000 people suffered information leaks by a “phishing” method. The legal authorities have confirmed that the suspect obtained more than £ 180,000 from the scam scheme, turning the fiat currencies into Bitcoin and keeping them in several crypto addresses.
Just Eat or scam hacker
The suspect pretended to be the Just Eat delivery company in order to collect the necessary information from people’s credit or debit cards. As a result, West was sentenced to more than 10 years in prison for the cyber-crime, abuse of personal information, and drug use.
Among other victims …
Lately, crypto assets have been used in numerous scam schemes by hackers. Masked under Just Eat, the suspect offered customers a voucher for their answers between July and December 2015. The scam scheme led to £ 200,000 losses for the company. However, there is no detail that could indicate that Grant West attacked the delivery company’s server, reported the prosecution. Among other victim platforms attacked by the suspect are British Airways, Barclays, Sainsbury’s, Asda, Uber, Argos, Coral.
The authorities confiscated £ 25,000 in fiat currency and £ 500,000 in BTC. According to Michael Gledhill, the judge of this case, nearly £ 1.6 million worth of Bitcoin is still unregistered.
“When such inadequate security is confronted with a criminal of your skills and ambition it is totally unfit for purpose and worthless. This case should be a wake-up call to customers, companies and the computer industry to the very real threat of cybercrime.”
It was identified that the suspect would have sold the stolen credit and debit cards data through dark web dubbed Alpha Bay, which was taken over by the authorities in July 2017.