Security· ★★★· neutral· October 13, 23:30

Maryland man convicted of stealing $50 million in crypto

—The stolen cryptocurrency was valued at $50 million
—Proceeds went to Pokémon and Magic: The Gathering cards
—A Maryland court returned the conviction

Why it matters: The case shows large-scale crypto thefts are traced and prosecuted, reinforcing on-chain forensics as a deterrent.

Source: Google News (crypto query)

More stories in swipe mode🔥 Trending now: Wallets sold by CryptoBilis had implants that send your recovery phrase over LTE, and Ledger's check can't spot them.

More on this

Security · Oct 10

Maryland man convicted of $50M cryptocurrency heist in New York

Security · Sep 15

Man steals $245 million in crypto and spends $569,000 in one night

Security · Oct 10

Uranium Finance hacker convicted of stealing $54.7 million