UK Hacker Hands Over More Than $1 Million Worth Of Bitcoin To The Cops
A hacker from Kent, England that carried out cyber-attacks on more than 100 companies worldwide has handed over more than a million USD worth of Bitcoin, following a lengthy police investigation.
Grant West, 27 of Ashcroft Caravan Park, made most of his money through phishing scams targeting individuals and companies all over the world since 2015. He sold the personal data in different marketplaces on the dark web and convert the profits made from into cryptocurrency which he stored in multiple accounts, reported the police.
Between July and December 2015, West ran a phishing scam masquerading as a takeaway ordering service called Just Eat.
West carried out the attacks from a laptop belonging to his girlfriend and stored personal information, stored in a file called ‘fulz’ of more than 100,000 people in the device.
He completed over 47,000 sales from an online store, sold financial data and shipped cannabis to customers and how-to guides instructing others how to carry out cyber attacks.
West pleaded guilty to two counts of conspiracy to defraud, two counts of criminal property possession, possession of a Class-B drug with intent to supply, possession and offering to supply of a Class-B drug, and unauthorized modification of computer material among others.
Victims will be compensated
Officers from the Met’s Police Cyber Crime Unit arrested and charged him in September 2017 after a two-year investigation. West was recognized as the head of an Organised Crime Network (OCN) that predominantly targeted London-based organizations.
On May 25, West was jailed for 10 years and eight months.
West was operating on the Dark Web under the pseudonym “Courvoisier,” the Met came to know in its lengthy police investigation, codenamed “operation Draba.”
Following West’s arrest, about £1 million worth of cryptocurrency was seized from him that is currently valued at £922,978 (1,130,000 USD).
The confiscated cryptocurrency, that West did not contest, will be now sold and the victims will receive compensation for the damage caused by the crimes committed by him.
“The MPS is committed to ensuring that individuals who are committing criminality on the Dark Web are identified, prosecuted and their criminal assets are seized,”
said Detective Chief Inspector Kirsty Goldsmith, head of the Metropolitan Police Service's (MPS) Cyber Crime Unit.