Teen Hacker Ordered To Return $5.2M In Bitcoin, Seized Sports Car By Federal Judge
Portfolio Pulse from Mehab Qureshi
The U.S. Department of Justice (DOJ) has taken legal action to reclaim $5.2 million in Bitcoin (CRYPTO: BTC) from a teenage hacker, Ahmad Wagaafe Hared, who stole the cryptocurrency from crypto executives in 2016. The stolen Bitcoin was obtained as part of a SIM-swapping scheme orchestrated by Hared and two co-conspirators.
September 11, 2023 | 3:20 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The legal action taken by the DOJ to reclaim stolen Bitcoin could potentially impact the perception of security in the cryptocurrency market.
While the news does not directly impact the price of Bitcoin, it could potentially affect the perception of security in the cryptocurrency market. However, the extent of this impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70