He also agreed to pay $13 million in restitution as part of his plea deal
In a nutshell: A Palm Coast, Florida, man linked to a notorious hacking crew will spend the next decade in federal prison after admitting to a multimillion-dollar cybercrime spree that relied on SIM-swapping attacks to steal cryptocurrency. The sentencing closes a two-year investigation that exposed one of the largest fraud schemes tied to a group known as Scattered Spider.
Attackers' modus operandi: cutting off victims' fingers to pressure payments
In brief: There has been a spate of kidnappings taking place across France and Western Europe in which victims are cryptocurrency investors. The most recent incident involved the owner of a crypto marketing firm having his finger cut off by attackers. Police say the man could have been mutilated further had he not been rescued.
In brief: James Howells, the man who has spent more than a decade trying to recover a hard drive containing more than $750 million worth of Bitcoin from a landfill, is not giving up on his quest for fortune. After a judge threw out his request to dig at the site last month, Howells is now considering buying the facility, which is due to be closed.
A hot potato: A widespread scandal involving used Seagate hard drives fraudulently sold as new has continued to escalate, with new evidence suggesting that the drives originated from Chinese cryptocurrency mining farms. The drives, many of which had logged 15,000 to 50,000 hours of prior use, were reportedly altered to appear unused before re-entering the retail supply chain.