{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}
{[{item.change24}]}%
{[{item.change24}]}%
+ Become a member of Interactive Crypto
+ Create a FREE Interactive Crypto Account to Access Premium Content
We’re sorry, but the content you are trying to access is for members only.
CREATE ACCOUNT
August 16, 2019 |
Darryn Pollock | 0 Comments|294 Views
Get Into Cryptocurrency Trading Today
A 19-year-old from the United Kingdom has been handed down a sentence of 20 months after he was found to be offering his services as a hacker for a fee of $3,000in Bitcoin. Elliot Gunton was sentenced at Norwich Crown Court on Friday, having pleaded guilty at a previous hearing.
Apart from serving nearly two years in prison, Gunton has also been ordered to forfeit over £400,000 ($487,000) as part of his charges. Gunton has not had the cleanest record after he was caught for this latest crime when police were on a routine inspection of his premises ensure he was complying with a Sexual Harm Prevention Order imposed by the court in June 2016 for previous offences.
Gunton’s laptop was investigated by police where they came across evidence that the youngster was offering his services as a hacker, also finding software that enabled him to fulfill his cybercrime offerings.
According to the police Gunton had offered to supply compromised personal data of individuals to others for them to use for criminal purposes, such as passing on mobile phone numbers which allows third parties to intercept calls and texts to commit fraud.
It has become more and more prevalent that cyber criminals and hackers are offering their services for Bitcoin. The idea being that the cryptocurrency will be a payment method that will leave no paper trail and have no way of being found out by police.
However, that is also starting to be shown as not true. Bitcoin has, since its emergence into a more mainstream market, been subject to harsher KYC regulations. It means that if using the cryptocurrency totally decentralized, it can be an anonymous option, but should a user look to move into fiat on a centralized exchange, their anonymity vanishes.
In Guntons case, his Bitcoin was not necessarily his undoing, but it was seized by the police who managed to get their hands on £275,000 worth of cryptocurrency including Bitcoin under his control that appeared to be from his offered services.
In recent times, there has been a slew of criminals who have been caught either dealing with cryptocurrencies, or accepting them as payment for their crimes. Two instances of dark web drug dealers were recently brought to light.
After pleading guilty for selling drugs, including Carfentanil and Fentanyl, over the dark web, and taking payment in Bitcoin, Richard Castro was made to give up $4 million of ill-gotten funds, some of it in Bitcoin.
While, A sixty-year-old man from Columbus, Ohio, was arrested for money laundering and drug trafficking after he tried to get $19 million in Bitcoin through an exchange.
Hugh Haney was reportedly a high-profile drug trafficker on notorious dark web site, Silk Road, back in its years of operation from 2012-2013. Part of the marketplace known as Pharmville, Haney was attempting to launder $19 million illicitly earned monies.
All COINS
TRENDING
WATCHLIST
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Man Offering Hacking Services for BTC Sentenced to 20 Months
A 19-year-old from the United Kingdom has been handed down a sentence of 20 months after he was...
Top 10 Undervalued Cryptos For You to Look After
Every investor is always looking for a return on investments. Even though one of the most...
Binance Card will Support a Total of Four Cryptocurrencies
One of the leading cryptocurrency exchange. Binance will soon launch a highly anticipated...
Crypto Debit Card Debuts in Europe
Crypto users in the European Union now have an additional option of spending their crypto...
Anti-money Laundering Methods for Crypto Users. Can this be Controlled?
Cryptocurrency is taking over the world economy. Started as an alternative currency to the...
1 DOGE to USD | What is Dogecoin, Exchange Rates?
Dogecoin (DOGE) is, according to the official website, a decentralized and “open-source...
Plus500
Risk warning: 80.5% of retail investor accounts lose money when trading CFDs with this...
EOS Price Soars by 30% as eosDAC Release Date Approaches
While cryptocurrencies have seen a severe slump in their values during last few months, against...
Best 10 Cryptos to Invest in 2020
Investing in crypto takes time. Besides being a new medium of exchange, several coins available...
Free & Fast BTC Mining
The more Bitcoin becomes popular, the more miners it attracts. Mining the coin comes with...
Should I Sell My Altcoins for Bitcoin?
What Are the Disadvantages of Bitcoin?
Does Apple accept Bitcoin?
Can I buy house with Bitcoin?
Can I transfer Bitcoin to my bank account?
Is Ripple The Cryptocurrency of 2018? - In Depth Review of Ripple XRP
What Is Ripple? / DefinitionRipple is a name for a cryptocurrency denoted by Ripple XRP and it's als...
Is IOTA Going to Overtake Bitcoin and Other Cryptocurrencies? - IOTA (MIOTA)Review
Verge Review
Binance Review
Dogecoin Review
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Excentral
Risk warning: CFDs are complex financial products. They have a speculative character. Trading in...
EagleFX
EagleFX is one of the latest forex trading brokerages to join the sector. It got founded back in...
Vantagefx
VantageFX is a leading Australian forex broker that specializes in ensuring the complete and ful...
Xtrade
Xtrade is one of the most popular financial trading sites in the world. Started over a decade ago, t...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS
0 Comments
Like this article