US charges 5 hackers in $11M crypto theft scheme
U.S. prosecutors have charged five individuals connected to the hacking group "Scattered Spider" for their alleged involvement in a scheme that stole $11 million in cryptocurrency and sensitive data from businesses and individuals.
The group reportedly used SMS phishing and SIM-swapping attacks to compromise login credentials and gain unauthorised access to accounts.
According to the California U.S. Attorney’s Office, the hackers targeted employees of companies, including a U.S.-based crypto exchange, by tricking them into clicking phishing links.
One victim reportedly lost over $6.3 million in cryptocurrency after their email and wallets were compromised.
The group is accused of targeting 45 companies across the U.S., Canada, India, and the U.K., stealing intellectual property, personal data, and proprietary information.
"We allege that this group of cybercriminals perpetrated a sophisticated scheme to steal intellectual property and proprietary information worth tens of millions of dollars and steal personal information belonging to hundreds of thousands of individuals," stated Martin Estrada, U.S. Attorney in Los Angeles.
The defendants include Ahmed Elbadawy, 23, from Texas; Noah Urban, 20, from Florida; Evans Osiebo, 20, from Dallas; Joel Evans, 25, from North Carolina; and Tyler Buchanan, 22, from Scotland.
They face charges of conspiracy, wire fraud, and aggravated identity theft, with some charges carrying maximum sentences of 20 years in prison.
Authorities, including the FBI and Police Scotland, tracked Buchanan through phishing sites he registered and found stolen data on his devices, including information from a U.S. crypto exchange and a telecom company.
Investigators have identified additional co-conspirators, indicating the case could expand as more suspects are identified.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XLMUSD ,ETCUSD now launched for futures trading
Invest $30K Today, Get $705K at Listing? Arctic Pablo’s Avalon Stage Could Make You Rich While Fartboy and Daddy Tate Also Surging
Explore Arctic Pablo Coin’s epic meme coin presale at $0.00034 with 2252.94% ROI, plus latest updates on Fartboy & Daddy Tate. Don’t miss this crypto trio!Arctic Pablo Coin’s Legendary Path: A Meme Coin Presale Blending Myth with MoonshotsFartboy Rallies Meme Army with Twitter Battle and Celebrity TagDaddy Tate Fires Up Chart as Burn Rate Spikes Ahead of July HalvingFinal Verdict: The Wealth Path Begins with Arctic Pablo Coin

SEC Delays Ruling on Franklin Templeton XRP ETF 🚨
SEC pushes decision on Franklin Templeton spot XRP ETF to July 22, opening a comment period. Major delay sparks fresh debate.What’s the Update on Franklin Templeton’s XRP ETF?Why the Delay MattersWhat Happens Next

Dogecoin Eyes $0.65 in Bullish Breakout
Dogecoin shows strong bullish signs with a potential rally toward $0.6533 and even $1.25 in sight.Price Targets: $0.6533 First, Then $1.25?What’s Fueling the Optimism?

Trending news
MoreCrypto prices
More








