U.S. Teen Hacker Ordered to Return $5.2 Million in Stolen Bitcoin and Forfeit Sports Car

U.S. Teen Hacker Ordered to Return $5.2 Million in Stolen Bitcoin and Forfeit Sports Car



A U.S. court has ordered Wagaafe Hared, a teenage hacker involved in cryptocurrency theft, to give back nearly $5.2 million in stolen Bitcoin and forfeit a sports car purchased with the stolen funds. Hared, an Arizona native, was a member of a crypto-crime group that has been active since 2016.



As reported by The San Francisco Standard, Hared and his co-conspirators specifically targeted affluent individuals in the tech industry residing in San Francisco, a city noted for its robust fintech and tech sectors.



The criminals employed SIM swapping techniques, tricking mobile phone providers into transferring the victims' phone numbers to SIM cards under their control. This enabled them to infiltrate the email and cryptocurrency accounts of the victims and illicitly transfer their assets.



Hared was apprehended in 2019 when he was


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#Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Hacker, #News, #Regulations

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