PANews, June 27, news from The Block reports that the FBI assisted in the capture of British citizen Kai West (also known as “IntelBroker”), who is suspected of being involved in a series of hacking incidents. West and his accomplices are accused of selling data stolen from over 40 victims, primarily trading using the privacy token Monero. In January 2023, an undercover law enforcement officer provided West with $250 in Bitcoin to purchase victim data, which West accepted, a critical move that allowed police to track him down. Experts from blockchain forensic company TRM Labs stated that this case highlights the progress law enforcement has made in the encryption field, applying traditional undercover methods to blockchain crime investigations. West was arrested in France in February this year and is awaiting extradition, facing multiple charges. The FBI estimates that his hacking activities have caused approximately $25 million in total losses to victims.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
