Data leak
"Spanish Fork Man and His Two Businesses Charged with Wire Fraud and Money Laundering Offenses"
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
- 2022-09-22 Breach occurred
- 2022-09-22 Publicly disclosed