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US Authorities Sentence Two Canadians to Jail for Bitcoin Theft

In October 2017, 23-year-old Karanjit Khatar and 24-year-old Jagroop Khatar both posed as customer service personnel from HitBC crypto exchange, based in Hong Kong. Using the @HitBTCAssist on twitter, they convinced the Oregon victim to share personal information. This enabled the scammers to access the victim’s email, Kraken and HitBTC account, allowing them to transfer 23.2 Bitcoins, about $130,000 at the time.

Karanjit was arrested on July 18, 2019, at the McCarran Airport, Las Vegas. Jargoop later showed up in court voluntarily. December 16, 2019, they pleaded guilty and were fined a sum of $184,511.

Image Credits: Pixabay

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