For the first time in the history of the police of the British capital, law enforcement was able to disrupt such a significant real money in cryptocurrency. Law enforcement arrested the hacker and seized his 667000 in bitcoins. Kid faces prison term for committing cyber crimes.
According to City AM, the defendant Grant vest responsible for phishing attacks on more than 100 companies around the world, during which he managed to take control of the financial data of thousands of customers. It is argued that these data then were sold for bitcoins.
In the list of the largest companies attacked include giants such as Nectar, Sainsburys, Ladbrokes, Coral, Argos, T Mobile, Uber and Asda, and these are just some of them.
The largest scale attack allegedly allowed the hacker to retrieve data about 165 000 customers of the company Just Eat.
According to City AM:
“26-year-old from Ashcroft Caravan Park, Sheerness, Kent, pleaded guilty to 10 different crimes. His girlfriend Rachel Brooks, 26, from Denbigh, North Wales, also pleaded guilty to unauthorized use of computer materials.”
Chief superintendent division for combating organized crime of the Metropolitan police said:
“This case proves that our detectives are ready for a long time to pursue infringers on the Darknet. We will use many different measures to identify such criminals, bring them to justice and seizing assets. This is the first time we have arrested the assets in cryptocurrency and we are determined to stay one step ahead of cybercriminals who think they can act with impunity”.
Overall, this is very important news terms of data security, which once again proves how vulnerable users. In addition, the police and authorities will now have to decide what to do with the seized cryptocurrency for quite an impressive amount.