comscore London police seize bitcoin worth $667,000 from hacker
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London police seize bitcoin worth $667,000 from hacker

The hacker was sentenced to 10 years and 8 months in prison for attacking some 100 companies worldwide.

  • Published: May 26, 2018 10:29 AM IST

London police have seized half a million pounds ($667,000) worth of bitcoin from a prolific computer hacker in a case described as the first of its kind for the 188-year-old department. Also Read - Facebook’s cryptocurrency project Diem is coming to an end

Cybercrime detectives seized the bitcoin from Grant West, 26, who was sentenced to 10 years and 8 months in prison Friday for attacking some 100 companies worldwide, largely using ‘phishing’ email scams to obtain the financial data. Also Read - Crypto.com CEO confirms major data breach: Here’s what we know so far

Once he obtained the data, West would then sell the material to market places on the dark web and convert his profits into bitcoin. Also Read - WEF Davos Agenda: PM Modi calls for collective global effort on cryptocurrencies

The London Metropolitan police discovered evidence of cyberattacks on 17 major firms including Sainsbury’s, Asda, the British Cardiovascular Society and the Finnish bitcoin exchange.

Officers also recovered a memory card containing approximately 78 million individual usernames and passwords.

This is published unedited from the PTI feed.

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  • Published Date: May 26, 2018 10:29 AM IST



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