Data leak

"Spanish Fork Man and His Two Businesses Charged with Wire Fraud and Money Laundering Offenses"

2022-09-22 [vendor] Bitex founder charged
Primary Source ↗

Incident Details

The U.S. Attorney’s Office for the District of Utah announced seven felony charges against a man who is accused of several crypto-related scams.In one, he conned two victims for $1.7 million by claiming to sell a powerful Bitcoin miner that didn’t exist; instead, a fake machine in the office was connected to a monitor displaying prerecorded video to make it appear as though the machine was mining cryptocurrencies.In another, he created a business he claimed would “Bank the Unbankable” by providing financial services to people who couldn’t access them. Instead, the millions of dollars were spent on unrelated businesses.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
Bitex founder charged

Timeline

  1. 2022-09-22 Breach occurred
  2. 2022-09-22 Publicly disclosed