A young British hacker has been sentenced to prison for orchestrating a large-scale phishing scam targeting Coinbase account holders. This case highlights not only the sophistication of cyber criminals but also the legal system’s growing resolve to address cryptocurrency-related crimes.
British Hacker Sentenced for Phishing Scam
A British computer hacker has been sentenced to three and a half years in prison for his role in a sophisticated phishing scam that targeted Coinbase users. Elliot Gunton, who was 17 and 18 years old at the time of the offenses, pleaded guilty to conspiracy to commit fraud outside the UK and money laundering.
The Norwich Crown Court heard that Gunton and his accomplices managed to steal over $900,000 from more than 500 Coinbase accounts during 2018 and 2019. The crypto scam involved directing users to a fake website that mimicked Coinbase’s login page, allowing the hackers to harvest account credentials.
Judge Alice Robinson, presiding over the case, descri
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