A UK hacker faces prison for his Coinbase dummy website scam, an El Paso man’s alleged crypto “Ponzi” funded his lavish lifestyle, and Washington DFI flags the latest potential crypto fraud.
A United Kingdom computer hacker who compromised over 500 Coinbase accounts in 2018 and 2019 via phishing websites has been sentenced to three and a half years in prison for his role in the scam.
According to multiple news outlets, Elliot Gunton pleaded guilty to conspiracy to commit fraud outside the UK and money laundering. He and others stole more than $900,000 from more than 500 Coinbase accounts when he was just 17 and 18 years of age, according to a July 27 report by North Norfolk News.
Gunton accessed the Coinbase accounts by directing online log-ins to a dummy website, the court was told.
