In 2020, when Pinsky was 15 years old, he was accused of masterminding a scheme to steal millions of dollars' worth of cryptocurrencies from the digital wallet of Michael Terpin, a prominent cryptocurrency investor. The scheme involved a social engineering technique known as the SIM swap scam.
Who stole all the crypto money?
Prosecutors accused Bankman-Fried, once the poster boy for virtual currencies, of stealing about $10bn, using customers' funds to make risky investments, buy property and fund political campaigns.
Who stole billions in bitcoin lived a sad life?
Now 33, Zhong reported to a minimum-security federal prison camp in Alabama earlier this year and will only be there for 366 days, CNBC reports, which seems much more like a white-collar wrist slap than a book-throwing, and constitutes yet another all-too-familiar aspect of this saga.
How did James Zhong get caught?
On November 9, 2021, a raid on his Gainesville, Georgia home resulted in the seizure of about 50,676 bitcoin, then valued at over $3.36 billion. Zhong cooperated with investigators, forfeited all of his bitcoin and pled guilty to one count of wire fraud. In 2023, Zhong was sentenced to a year and a day in prison.
Who stole 23.8 million dollars?
Allegedly at the center of the heist was Westchester teen Ellis Pinsky. According to papers filed May 7 in Manhattan federal court, Pinsky is “an evil mastermind.” The suit asks for $71.4 million. The wildest part? Ellis was just 15 years old at the time of the theft.
Who stole money from cryptocurrency?
Prosecutors accused Bankman-Fried, once the poster boy for virtual currencies, of stealing about $10bn, using customers' funds to make risky investments, buy property and fund political campaigns. The crypto entrepreneur, 31, now faces up to 110 years behind bars.