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Banksy owner jailed for $7.1 million crypto scam

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Two UK men who owned Banksy artwork were jailed on Friday for stealing £5.7 million ($7.1 million ) in crypto by using a fake crypto exchange mimicking Blockchain.com.  38-year-old Jake Lee and 42-year-old James Heppel used the fake “blockchain.com” site to bait users into entering their login details. With this information, the two gained access to their victim’s crypto and bitcoin wallets and stole their funds.   According to the South West Regional Organised Crime Unit, the pair managed to scam 55 victims in 26 different countries. Police have seized a £60,000 Banksy print, three vehicles, £64,000 in crypto, and £551,000 in a suitcase full of cash from the pair as part of a £835,000 ($1.04 million) seizure.  The £60,000 Banksy art seized by authorities. Read more: Cartier jewelry heir arrested for laundering drug money with USDT Lee was arrested on suspicion of money laundering in 2018, when police seized £24,000 in cash and three laminated ...

NBA star flees $8M mansion amid threats from 'Crypto King' victims

Canadian basketball star Shai Gilgeous-Alexander says he was forced to flee his $8.4 million mansion after a threat ening visit from a stranger looking for Ontario’s self-proclaimed Crypto King Aiden Pleterski. As reported by CBC, the 25-year-old athlete and his girlfriend were only in their new home a matter of days before a threatening visitor knocked on their door demanding to know Pleterski’s whereabouts. It was only when Gilgeous-Alexander’s girlfriend called the police to report the visit that they discovered the house had a history of similar incidents, including a threat to burn the property down. Two days after moving in, the pair upped sticks. Within a month, Gilgeous-Alexander’s had filed a lawsuit against the house’s sellers, claiming that they misrepresented the property by neglecting to mention these previous visits and threat s from individuals rating to track down the alleged fraudster. In the claim, Gilgeous-Alexander’s lawyer...