Mastermind of $243,000,000 Bitcoin (BTC) Hack Cooperates With Feds, Pleads Guilty to Charges: Report
A Connecticut guy involved in a massive theft of Bitcoin (BTC) from a Washington, D.C. victim reportedly pleaded guilty to fraud and money laundering conspiracy charges. ABC News reports that Veer Chetal, one of the three men charged with siphoning 4,100 BTC worth $243 million in an elaborate scam last August, also agreed to cooperate with authorities. Chetal, along with his co-defendants Malone Lam and Jeandiel Serrano, engaged in online social engineering attacks targeting cryptocurrency holders. Pretending to be representatives from companies like Google and Yahoo, they attempted to access victims’ accounts. Following the theft, the trio lived lavishly, spending millions on cars, jewelry, rental mansions, and nightclub parties. Chetal now faces up to 24 years in prison, a fine ranging from $50,000 to $500,000, and restitution to the victim.
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