£9m crypto hack accused is facing 47 years in prison
Daily Record|November 26, 2024
He and others face wire fraud charges
JOHN DINGWALL
£9m crypto hack accused is facing 47 years in prison

A SCOT is facing up to 47 years in prison in the US after being charged with involvement in a £9million cryptocurrency fraud.

Tyler Buchanan, 22, is accused of being part of a hacking group that carried out a sophisticated scam which accessed the personal financial information of thousands of people.

e and four others are alleged to have sent phishing text messages to victims' mobile phones warning that their accounts would be deactivated.

The links in the SMS messages directed them to websites which looked legitimate, requesting personal log-in information.

It is alleged the gang used the data to access cryptocurrency accounts and stole £9million worth of virtual currency.

This story is from the November 26, 2024 edition of Daily Record.

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This story is from the November 26, 2024 edition of Daily Record.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.