Tuesday, May 20, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Feds Want $5.2 Million in Bitcoin Returned by Teen Hacker—And A Sports Car, Too

September 11, 2023
in Web3
Reading Time: 3 mins read
0 0
A A
0
Home Web3
Share on FacebookShare on TwitterShare on E Mail



The U.S. Division of Justice is shifting to grab thousands and thousands of {dollars} in Bitcoin {that a} teenage hacker had stolen from crypto executives 4 years in the past. Prosecutors are additionally ensuring they get well the sports activities automobile he purchased with the stolen Bitcoin again, too. 

Final week, a federal decide signed off on an order demanding that Ahmad Wagaafe Hared flip over $5.2 million in Bitcoin that he stole again in 2016, in keeping with a report in The San Francisco Normal. The Bitcoin and the automobile have been stolen as a part of a SIM-swapping scheme hatched by Hared and two co-conspirators between 2016 and 2018. 

SIM-swapping is when a hacker deceives a mobile phone provider into handing over management of a goal’s mobile phone by pretending to be the telephone’s proprietor. The tactic is a traditional social engineering tactic utilized by hackers to get entry to non-public information to steal from their targets—or to bypass text-message based mostly second-factor authentication measures.

In 2016, Harred—then 18 and residing in Tucson, Arizona—labored in live performance with named co-conspirator Matthew Gene Ditman of Nevada to trick buyer help representatives of mobile phone suppliers into disclosing particulars concerning the SIM playing cards assigned to the accounts of cryptocurrency executives in northern California. 

Although the executives should not unnamed, the area is dwelling to Silicon Valley and a whole ecosystem of cryptocurrency firms and start-ups alike. Coinbase, the most important trade in the US, as soon as counted San Francisco as its dwelling, however has since moved to being an fully distant firm.

Harred was already a identified denizen of the so-called darknet, the place he glided by the username ‘winblo,’ in keeping with unbiased cybersecurity journalist Brian Krebs. Utilizing this id, Harred was stated to be “extraordinarily energetic” and “revered” on an internet market the place extremely prized social media accounts have been bought to patrons.

With a few of these stolen funds, Harred bought a BMW i8 that Krebs reported had a value of roughly $150,000 on the time. Prosecutors stated of their indictment that the 2 referred to as a few of their victims after seizing management of their accounts in a bid to additional extort them.

The scheme got here to an finish in 2019 after an investigation by the FBI recognized Harred and Ditman and arrested the 2. The pair have but to be sentenced.

Keep on high of crypto information, get day by day updates in your inbox.



Source link

Tags: BitcoinCarFedsHackerAndmillionReturnedSportsTeen
Previous Post

Friend.tech regains launch hype momentum as revenue hits $5.6M amid surge in usage

Next Post

Binance Fan Token Announces PORTO Trading Competition

Related Posts

Shark Tank’s Kevin O’Leary Says Warren Wrong to ‘Tie’ Stablecoin Bill to Trump
Web3

Shark Tank’s Kevin O’Leary Says Warren Wrong to ‘Tie’ Stablecoin Bill to Trump

May 20, 2025
Elton John Slams UK AI Copyright Plan as ‘Criminal’ Theft of Creative Work
Web3

Elton John Slams UK AI Copyright Plan as ‘Criminal’ Theft of Creative Work

May 19, 2025
Guess Who: xAI Blames a ‘Rogue Employee’ for ‘White Genocide’ Grok Posts
Web3

Guess Who: xAI Blames a ‘Rogue Employee’ for ‘White Genocide’ Grok Posts

May 17, 2025
Judge Rejects SEC and Ripple’s Bid to Rework XRP Settlement
Web3

Judge Rejects SEC and Ripple’s Bid to Rework XRP Settlement

May 16, 2025
What’s Up Grok? AI Under Fire for Injecting ‘White Genocide’ Claims Into Unrelated Replies
Web3

What’s Up Grok? AI Under Fire for Injecting ‘White Genocide’ Claims Into Unrelated Replies

May 15, 2025
UNDER EXPOSED EP 25 – Decrypt
Web3

UNDER EXPOSED EP 25 – Decrypt

May 13, 2025
Next Post
Binance Fan Token Announces PORTO Trading Competition

Binance Fan Token Announces PORTO Trading Competition

Bitcoin Price Key Indicators Suggest A Strengthening Case For Bearish Break

Bitcoin Price Key Indicators Suggest A Strengthening Case For Bearish Break

🔴 Huge News For Ether

🔴 Huge News For Ether

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In