According to a BBC report, The UK’s Eastern Region Special Operations Unit auctioned off nearly £240,000 worth of bitcoin and other cryptocurrencies that equals to around $300,000. The cryptocurrencies were seized from a notorious teenage hacker, Elliott Gunton. Back in 2015, the teenage cybercriminal hacked into the system of the British telecommunication company Talk Talk.
The seized cryptocurrencies were auctioned off in small batches by the largest auction group in the UK—Wilsons Auctions. Gunton is currently wanted in the United States for his alleged role in an $800,000 crypto scam. Eliott was only 16 when he hacked Talk Talk and stole personal data of many people and sold it on the darknet in exchange for bitcoin.
Norwich Court ordered a 20 months prison time, three and a half year of community service and also ordered him to pay back the £407,359. And the court also implemented a mandatory restriction on his internet and software use, which he was found violating later.
The teenage convicted hacker allegedly stole cryptocurrencies from the EtherDalta users. The US department of justice also indicted Gunton for wire fraud and identity theft. Let us know in comments what do you think about the growing cybercrime and how can it be curbed down?