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Dublin Man Jailed for Joining $2M Worth of Crypto Theft

  • A man from Dublin, Ireland, was jailed for participating in a $2-million worth of crypto theft
  • The US Homeland Security identified Conor Freeman for being the person behind certain offenses.
  • All parties involved will receive equally-divided proceed from the thefts.
  • Freeman had 142.75682712 Bitcoin with him.

A man who participated in the online crypto theft of more than $2 million has been jailed for just under three years.

Dublin man jailed for $2 million worth of online crypto theft

A 21-year-old man from Dublin who participated in the online crypto theft worth more than $2 million has now been imprisoned for just under three years. The US Department of Homeland Security identified the person to be Conor Freeman.

Local police said that Freeman accessed their victim’s credentials through social media. Moreover, Freeman used this information to steal the victims’ cryptocurrencies.

All parties involved will receive equally-divided proceed from the thefts. In July, reports stated that the US was well on the way to withdraw the extradition demand for Freeman. Had the young hacker been convicted in the US, the judge would have sentenced him up to 108 years in prison.

Moreover, the Dublin Circuit Criminal Court heard that the other five who conspired in this robbery are under the monitoring of the courts in the US. Upon his arrest, Freeman gave over the excess share from the theft to the Irish police.

Freeman stole various crypto types

Since the robbery, the stolen crypto assets have appreciated and are now worth over $2 million. Freeman who confessed to purposely engaging in possession of the returns of wrongdoing had 142.75682712 Bitcoin with him.

According to local reports, Freeman confessed to stealing $100,000 in cryptocurrencies. These include polymath, Ethereum, and metal, from Darran Marble on May 15, 2018.

With an approximate value of $1,921,335, from Seth Sharpiro on May 16, 2018, he also pleaded guilty to stealing Ethereum, Litecoin, Wax, Omisego, and LOCICoin.  Further, he conceded to stealing Ethereum and Bitcoin with an estimation of $167,622.22 from Micheal Templeman.

CoinQuora Staff

CoinQuora is an online publication that aims to educate about news, exchanges, and markets in the cryptocurrency and blockchain industry

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