A 40-year-old UK man has been sentenced to 4-½ years in jail after pleading guilty to stealing over $2.5 million in crypto.
According to the U.K.’s South East Regional Organised Crime Unit (SEROCU), the crime has been under the agency’s investigation for five years.
As per a statement from detective inspector Rob Bryant in the release, there were several reports regarding the theft of Iota tokens from the owners on January 19, 2018, this event however had a devastating effect that however resulted in people losing their businesses and savings.
“SEROCU took on this highly complex and intricate investigation from police in Germany – Hesse State Criminal Police – Cybercrime Investigations team, which I would like to thank for working in collaboration with us. I would also like to thank the Crown Prosecution Service and Europol for their assistance,” Bryant added.
In addition to the defendant’s sentence, the judge confiscated his assets worth £2,156,000, and his digital devices were also seized by the court.
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