UK sentences two hackers tied to $115M crypto ransom scheme

CoinTelegraph·

UK sentences two hackers tied to $115M crypto ransom scheme

60-second summary

UK authorities sentence two hackers to undisclosed prison terms after they pleaded guilty to their involvement in a $115M crypto ransom scheme linked to the notorious Scattered Spider cybercrime group, which US prosecutors claim extorted dozens of companies worldwide, highlighting the growing threat of crypto-based cybercrime and its devastating financial impact on global businesses.

The pair pleaded guilty after investigators linked them to the Scattered Spider cybercrime group, which US prosecutors say extorted dozens of companies.