logo

New York hacker gets 20 years jail term over $96M BTC fraud

Chinese over the counter traders New York hacker

A New York hacker Vitalii Antonenko, 28, has been nabbed by authorities at New York’s JFK airport and charged with hacking, trafficking in stolen credit card data, and laundering money with Bitcoin.

The New York hacker was arrested on arrival from Ukraine last year, having been linked with two crypto wallets that were used to execute transactions worth $94 million. The New York hacker at the airport also had in his possession devices that had several stolen payment card numbers.

Antoneko, alongside his, accompanies allegedly, made use of SQL injection attacks to harvest payment card information from vulnerable networks, and sold them in online markets (dark web). With all the charges pressed against Antoneko, legally, he is at the brim of bagging jail term of close to 20 years and pay a fine worth $500,000.

Trailing the BTC wallet New York hacker used

Antoneko was arrested after the Bitcoin wallet addresses he used to transact were discovered. Since 2014, he was said to have been changing BTC he received from these addresses to fiat from an unknown person. According to seniors special agent, Peter Gannon, Antoneko sold the coins below the market price, which made him a suspect of money laundering.

Authorities have been scrutinizing crypto activities in the darknet markets lately. Only a few weeks back did the Financial Crime Enforcement Network award agencies for making seizure worth $22 million in crypto from dark market operators.

Bitcoin, darknet operations

The New York hacker charges come at a time when the crypto community are trying to defeat links with illegal transactions. Earlier this year, the number of illicit activities Bitcoin is used for spiked to an all-time high. Sales in the dark market grew 70 percent last year, and illegal crypto activities reached $600 million.

Amidst this spike, law enforcement and crypto professionals have continued to up their skill to scale crypto frauds or hacks, so the same crypto hackers sharpening their skills according to blockchain inspector

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related News

Hot Stories

Candy Club Offers 100,000 Candy-USDT Reward for World Cup Celebration
Polygon (MATIC), Binance (BNB) Could Bounce Back, Orbeon Protocol (ORBN) Rises 125%
Best crypto memes of the day - November 21st
Solana price analysis: SOL remains consistent at $11.88
Top crypto tweets of the day - November 21st

Follow Us

Industry News

Coinbase clears the air about Grayscale's Proof of Reserves
All you need to know about Uniswap's new privacy terms
Must-read for all Celsius victims
How long could it take getting funds out of FTX owing top 50 creditors almost  $3.1 billion
FTX crash: Crypto bear market to extend till late 2023

Add Your Heading Text Here