tldr; Kai West, a British cybersecurity student operating under the alias ‚IntelBroker,‘ was arrested for selling stolen data after the FBI convinced him to accept Bitcoin instead of Monero, a privacy-focused cryptocurrency. West’s Bitcoin transaction led investigators to trace his identity through linked wallets and accounts. He allegedly caused $25 million in damages by selling sensitive data from major US firms. If convicted, West faces decades in prison for conspiracy, wire fraud, and data theft.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He thought he was untouchable and smarter than everyone else. Well, everything comes at a price in this world!
I guess he’ll have plenty of time to think about it.
GreedVault on
I wonder what made him change his method of receiving payment, if it’s just for convenience, then that’s quite a failure.
mayday30 on
Not quite monero-only it seems
digidollar on
Bitcoin is government money..buy Litecoin instead. Same code, optional privacy layer.
GentlemenHODL on
I’m confused….did he not convert back to monero? That would have prevented the tracing.
Oh ok read the article now and it was even more dumb.
>The Bitcoin wallet West provided had been funded via another wallet, which had in turn been seeded by an account at Ramp, platform that covers between fiat money like British pounds and cryptocurrencies like Bitcoin. The platform requires identity verification.
>Investigators discovered that the Ramp account was registered to Kai West, using a UK driver’s licence. The same ID had also been used to open a Coinbase account under the alias “Kyle Northern”, which further linked West to the transaction trail.
SourdoughPizzaToast on
Kai West goes by alias Kyle Northern. Good one.
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tldr; Kai West, a British cybersecurity student operating under the alias ‚IntelBroker,‘ was arrested for selling stolen data after the FBI convinced him to accept Bitcoin instead of Monero, a privacy-focused cryptocurrency. West’s Bitcoin transaction led investigators to trace his identity through linked wallets and accounts. He allegedly caused $25 million in damages by selling sensitive data from major US firms. If convicted, West faces decades in prison for conspiracy, wire fraud, and data theft.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Use only Monero.
https://x.com/metaryuk/status/1938071197163634895
He thought he was untouchable and smarter than everyone else. Well, everything comes at a price in this world!
I guess he’ll have plenty of time to think about it.
I wonder what made him change his method of receiving payment, if it’s just for convenience, then that’s quite a failure.
Not quite monero-only it seems
Bitcoin is government money..buy Litecoin instead. Same code, optional privacy layer.
I’m confused….did he not convert back to monero? That would have prevented the tracing.
Oh ok read the article now and it was even more dumb.
>The Bitcoin wallet West provided had been funded via another wallet, which had in turn been seeded by an account at Ramp, platform that covers between fiat money like British pounds and cryptocurrencies like Bitcoin. The platform requires identity verification.
>Investigators discovered that the Ramp account was registered to Kai West, using a UK driver’s licence. The same ID had also been used to open a Coinbase account under the alias “Kyle Northern”, which further linked West to the transaction trail.
Kai West goes by alias Kyle Northern. Good one.