Indiana Man Pleads Guilty to Role in $37M Crypto Theft Linked to Data Breach

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Indiana Man Pleads Guilty to Role in $37M Crypto Theft Linked to Data Breach A 21-year-old man from Indiana has pleaded guilty to conspiring in a $37 million cryptocurrency theft and data breach that affected nearly 600 victims.

Wire fraud and money laundering carry maximum penalties of 20 years each in federal prison, though the exact sentence will depend on several factors, including the man’s cooperation with law enforcement and the extent of his involvement in the conspiracy.

The stolen personal identifiable information (PII) included sensitive details like login credentials and wallet keys, which allowed the conspirators to gain control over the victims’ cryptocurrency wallets.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Indiana Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 02:54:30 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 970 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22845013

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 13 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #121

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