The topic of this article may not meet Wikipedia's general notability guideline. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted. Find sources: "2018 cryptocurrency theft" – news · newspapers · books · scholar · JSTOR(May 2024) (Learn how and when to remove this message)
In 2018, Ellis Pinsky, 15 years old, 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. The case gained significant attention due to Pinsky's young age and the large amount of money involved. It raised questions about the security of digital assets and the challenges in regulating and prosecuting crimes in the rapidly evolving world of cryptocurrencies. Pinsky later reached a settlement to pay $22 million dollars in cryptocurrency back to Terpin. Following the controversy, Pinsky pursued higher education and enrolled at New York University.[1][2][3][4][5]
^"How 'Baby Al Capone' Pulled Off a $24 Million Crypto Heist". rollingstone.com.
^"The 15-year-old boy who stole $24 million in cryptocurrency". english.elpais.com.
^"When Crypto Scammers Stole $23 Million, This Victim Found Them". bloomberg.com.
^"'Evil mastermind of cyberscam was Ellis Pinsky, 15'". thetimes.co.uk (Archived). Archived from the original on 2021-09-13. Retrieved 2023-09-08.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
^Barr, Kyle (2022-10-14). "SIM Card Swindler 'Baby Al Capone' Agrees to Pay Back $22 Million to Hacked Crypto Investor". Gizmodo.
and 25 Related for: 2018 cryptocurrency theft information
rapidly evolving world of cryptocurrencies. Pinsky later reached a settlement to pay $22 million dollars in cryptocurrency back to Terpin. Following the...
Cryptocurrency and crime describe notable examples of cybercrime related to theft (or the otherwise illegal acquisition) of cryptocurrencies and some methods...
withdraw cryptocurrencies to cryptocurrency wallets. Dedicated cryptocurrency exchanges such as Binance and Coinbase do allow cryptocurrency withdrawals...
A cryptocurrency wallet is a device, physical medium, program or an online service which stores the public and/or private keys for cryptocurrency transactions...
A cryptocurrency bubble is a phenomenon where the market increasingly considers the going price of cryptocurrency assets to be inflated against their...
13, 2019, Zhong contacted 911 to report the theft of hundreds of thousands of dollars in cryptocurrency from his residence. In September 2019, he made...
later added support for other cryptocurrencies. Bitfinex was one of the first professional platforms built for cryptocurrency trading. It offers high-volume...
cryptocurrency trade". India Today. Archived from the original on 30 January 2021. Retrieved 4 March 2020. "Supreme Court Lifts Ban on Cryptocurrency...
organizations. Depositing cash into a cryptocurrency ATM account allows individuals to later withdraw funds as cryptocurrency from any location, leaving minimal...
functionality. Ether (Abbreviation: ETH;) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization...
less than 1% in June 2018. During the same year, Bitcoin prices were negatively affected by several hacks or thefts from cryptocurrency exchanges. In 2020...
to committing the theft. Both Lichtenstein and Morgan pleaded guilty to money laundering. In August 2016, the Bitfinex cryptocurrency exchange, based in...
of cryptocurrency taken by PlusToken was estimated to be worth (based on 2019 prices) between $2 and US$2.9 billion. The selling of cryptocurrencies from...
borrow cryptocurrency assets and which provides typical interest payments to lenders, started rewarding lenders and borrowers with a cryptocurrency called...
mining cryptocurrencies in the background, using the user's CPU.[citation needed] Bitcoins can be stored in a bitcoin cryptocurrency wallet. Theft of bitcoin...
theft. Accordingly, the US Treasury has sanctioned the cryptocurrency address. Some of the cryptocurrency has been laundered through a cryptocurrency...
directories in attempts to hire them, promising a fixed amount of money in cryptocurrency for each phone number they transfer for the attacker. Once this happens...
Jackson Palmer left the cryptocurrency community in 2015 and has no plans to return, having come to the belief that cryptocurrency, originally conceived...
as an alternative to conventional cryptocurrency wallet addresses as a convenience for transferring cryptocurrency. Blockchain technology can be used...
method used by Monero. Cryptocurrency tumblers can also be used as a method to increase privacy even in a pseudoanonymous cryptocurrency. Additionally, instead...
and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange at the time of its collapse in 2019, with the exchange ceasing...
consume resources on visitors' computers in order to mine the Monero cryptocurrency. Visitors were initially not informed that these scripts had been added...
Global Information