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Showing posts with label Bitcoin Hacker. Show all posts

Teen Hacker Elliott Gunton Taking Cryptocurrency for Stolen Data


In April 2018, Elliott Gunton, a teenager from Norwich, England, was caught by the police on the charges of hacking and his PC was taken hold of by the authorities.

He was convicted at Norwich Crown Court where he admitted five charges which included illegal data exchanges, computer exploitation and money laundering offences.

Gunton was subjected to a three and a half year community  order which kept him from using internet and software and he was made to pay a sum of £407,359 by the court order.

On the charges of stealing sensitive information of people and selling it in exchange of pounds in cryptocurrency, the Norwich Crown Court sentenced him to 20 months imprisonment and let out owing to the time spent on remand.

On the examination of Gunton's computer, it was found that he had scheduled supplies of stolen data of people which included their contact information for malicious purposes like texts to carry out fraud.

At the age of 16, Gunton hacked a telecommunications firm and was found guilty of the same.

The teen made constant and sophisticated efforts to conceal his fraudulent acts and hide the payments from police and therefore he dealt in Bitcoin instead of hard currency. However, he happened to leave behind some parts of conversations where he negotiated criminal deals.

Referencing from a tweet made by Gunton last year, "Having lots of money is cool… but having lots of money without people knowing is cooler." He called himself as a "full-time crypto trader."

Bitcoin hacker steals money and passwords from Dark Web users, jailed

Blockchain and cryptocurrency related crimes are something heard about in a very scarce quantity. But this week, a 37 year-old man in the US has been sentenced to one year and one day in prison for fraud in connection with a Bitcoin $BTC▲2.4% phishing scheme designed to rob victims of their cryptocurrency.

Michael Richo was allegedly running an elaborate bitcoin phishing scheme, all with the purpose of stealing confidential information from unaware victims, including various sums of cryptocurrency which they held.

Richo, of New Haven, was also ordered to forfeit $352,000 in cash, various computers and electronic devices, such as digital and hardware-based wallets, which contained a vast array of different precious metals and virtual coins that he purchased with the proceeds of his offense.

It was during the trial that evidence, such as court documents from the trial in question, as well as supplementary statements, illustrate just where Richo was going in order to target individuals for his Phishing attacks – The Dark Web.

Per court documents associated with Richo’s case, he will be subject to three years of supervised release once he’s out of prison. His operation involved targeting individuals on the dark web using marketplaces.

He did so by posting fake links to online marketplaces on dark web forums. Once users clicked on them, these links would then direct users to fake login pages that resembled the real login pages for various dark web marketplaces. Once the victim entered his credentials, the hacker would steal them. He would then monitor the individual’s Bitcoin balance at the real marketplace and would withdraw the coins once the person deposited the funds. He would then either deposit the funds directly to his bitcoin wallet, or sell them on cryptocurrency exchanges for US dollars. The US dollars obtained as a result were deposited into bank accounts under his control or provided to him through Green Dot Cards, Western Union transfers, and MoneyGram transfers.