The post UK Hacker Gets 3.5 Years Prison Coinbase Dummy Website Scam appeared on BitcoinEthereumNews.com.

A UK hacker faces prison for his Coinbase dummy website scam, an El Paso man’s alleged crypto “Ponzi” funded his lavish lifestyle, and Washington DFI flags the latest potential crypto fraud. A United Kingdom computer hacker who compromised over 500 Coinbase accounts in 2018 and 2019 via phishing website scam has been sentenced to three and a half years in prison for his role in the scam. According to multiple news outlets, Elliot Gunton pleaded guilty to conspiracy to commit fraud outside the UK and money laundering. He and others stole more than $900,000 from more than 500 Coinbase accounts when he was just 17 and 18 years of age, according to a July 27 report by North Norfolk News. Gunton accessed the Coinbase accounts by directing online log-ins to a dummy website, the court was told. “This was highly sophisticated offending that involved significant planning and technical expertise,” Judge Alice Robinson of the Norwich Crown Court said, according to a July 27 report by Norwich Evening News. Intelligent Norwich hacker Elliott Gunton jailed for 42 months in crypto scam The 24-year-old committed the offences when he was aged 17 and 18 He and fellow hackers accessed the Coinbase accounts of more than 500 crypto users by directing online logins to dummy website Gunton… pic.twitter.com/IHyfY9Z7wm — Ryan (@breakingryan1) July 26, 2024 It isn’t the first time he’s captured headlines for the wrong reasons, either. Gunton was initially given a 20-month prison sentence in 2019 for stealing the personal data of TalkTalk customers in exchange for hundreds of thousands of dollars in crypto. However, he reportedly managed to avoid jail time by completing a 12-month rehabilitation order. He was also ordered to pay back 407,359 British pounds — now worth $524,700 — after hacking several high-profile Instagram accounts. US Court Orders…

---

Filed under: News - @ July 30, 2024 11:24 am