The American authorities sentenced Sebastien Vachon-Desjardins to spend 20 years in federal prison.
The US Department of Justice confiscated 719 bitcoins from the 35-year-old Canadian – Sebastien Vachon-Desjardins – for participating in the NetWalker ransomware attacks.Prison Time for the Criminal, Vachon-Desjardins was involved in a sophisticated type of ransomware known as NetWalker. The malicious software targeted victims all over the globe, including firms, emergency services, colleges, and universities.
As a result of the investigation, the US DOJ seized $742,840 in Canadian dollars and 719 BTC. At the time of the confiscation, the cryptocurrency equaled $21.8 million, while its today’s value is $14.4 million.Additionally, the US authorities secured the man’s extradition to the States and sentenced him to spend the next 20 years in federal prison. Kenneth A. Polite, Jr believes the harsh punishment could serve as an example to those who think they can exploit victims this way.
Nicholas pleaded guilty to one count of conspiracy to commit securities fraud, resulting in a maximum sentence of five years in Federal prison.three residents of Miami, Florida – Da Corte, Gonzalez, and Meza – with stealing over $4 million from banks and a cryptocurrency exchange.
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