Canadians Charged for $220,000 Bitcoin Scam on Twitter

Two Canadian nationals have been indicted for scheming to steal bitcoin from an Oregon resident.

Karanjit and Jagroop Singh Khatkar of Surrey, British Columbia, Canada, posed as shopper company representatives of HitBTC, a Hong Kong-based mostly cryptocurrency trade, in buy to steal login qualifications of a target’s account.

According to a assertion from the Attorney’s Office of the District of Oregon, the fraudsters made a Twitter account called @HitBTCAssist to react to the victim’s issues on line. Employing information and facts they phished from shoppers, Karanjit and Jagroop have been able to withdraw approximately $233,220 in bitcoin from the victim’s account.

Initially, 23.2 bitcoin have been transfered from HitBTC to Karanjit’s account at a individual crypto trade Kraken. Then, Karanjit transferred half that total into Jagroops Kraken wallet.

Next an sting by the Federal Bureau of Investigation, Karanjit was arrested at the McCarran International Airport in Las Vegas, Nevada, on July 18. He was detained ahead of a trial set for October 8.

“Jagroop Singh Khatkar remains at massive and is considered to be in Canada,” wrote federal brokers.

Phishing photograph via Shutterstock