Cryptocurrency Crime News 2025: a Canadian teenager behind $ 48 million in crypto strikes again – this time targeting artists x and nft


Cybercrime cryptochus flights from young Canadians: In the summer of 2022, a 19-year-old was held in a Hamilton courtroom, expressing remorse for having stolen $ 48 million in cryptocurrency in what the authorities had called the largest flight to an individual, according to a report. He said: “I intend to go ahead only in a positive direction”, adding that he was “very sorry”, as mentioned in the Globe and Mail report.

The Canadian adolescent expresses remorse for $ 48 million in cryptocurrency flights

His lawyer said that the teenager at the time intended to use his skills for good, to work in cybersecurity, “an appropriate means for this case to complete the loop”, as quoted in the report.
He was sentenced to one year of probation, the judge taking into account the year he had already spent and the fact that he was only 17 years old when crime occurred, in accordance with the Globe and Mail report. Under the law on criminal justice for young people in Canada, its identity remains protected. As part of his sentence, it was forbidden to treat cryptocurrency, an important penalty for someone who had used digital assets to make one of Canada’s most sadly famous cybercrimes, according to the report.
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Repeated offense: second crypto heist targets artists Twitter and NFT

But behind the excuses and commitments to do better, the young man already orchestrated another program.


Only a few weeks after his conviction in Ontario, the same young man made a second robbery of high-level crypto, this time in the United States, and targeting important social media accounts on what was then known as Twitter, now X, in accordance with the Globe and Mail report. In July 2025, the 22 -year -old was back in court, this time in Alexandria, Virginia, where a judge sentenced him to a year in prison for his role in a series of arcs linked to NFT’s digital art. Despite his public contrition in Hamilton, court documents reveal that the young man boasted deprived of the $ 48 million report and the $ 48 million report. Prosecutors described it as a “sophisticated, successful and repeated cybercriminal,” according to the report. Read also: Apple cannot protect users? Zero-click vulnerability endangers iphones, iPads, Mac and Crypto

The NFT scam involving “Beeple” and the support panel of the Twitter partner

His second wave of fraud, although smaller, carrying about $ 800,000, has shook the world of crypto again, among his targets was influencers and high -level artists, including Mike Winkelmann, known as “Beeple”, whose digital art had once sold for $ 69 million, according to the Globe and Mail Report.

The robbery followed a familiar game book: accessing precious accounts, scam ties and followers to abandon their crypto, according to the report. The court documents indicate that the young man had access to the “supporting partner support panel” of Twitter, intended for confidence employees and partners to accelerate services such as password resets, in accordance with the Globe and Mail report.

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Collaboration and betrayal: a second pirate between the scene

He used it to divert Beeple’s account and push a fraudulent raffle for Louis Vuitton brand NFT, according to the report. The victims who followed the instructions were not rewarded, they unconsciously gave hackers access to their digital wallets because this would lead to a fraudulent website to connect their digital portfolios to participate in the raffle, according to the report. Although this first attempt managed to succeed due to technical problems, the teenager quickly called on an employee, described in court as an American resident with stronger skills to empty portfolios, and together, they have improved the program, creating a convincing false website that attracted users to abandon their assets, in accordance with the Globe and Mail Report.

The second robbery targeted around 80 victims, reporting nearly $ 450,000, but despite his accepts to divide the income, the American collaborator would have kept the booty, betraying the young man, according to the report.

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After being doubled, the teenager changed his strategy. It sold its privileged access to the Twitter panel for 230 ethers (worth more than $ 280,000 at the time) and 10% of future benefits, according to the report. He was supposed to be exclusive, which means that the young man from Hamilton would not sell this access to anyone else, according to the Globe and Mail report.

This agreement was concluded just three days after the young man told an Ontario courtroom that he was ready to leave crime and apologized for stealing $ 48 million in crypto, the report.

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Sell ​​access and supervise an American minor

He began to supervise the American adolescent, guiding him and others through four new scams, and their targets included communities and creators of NFT like Deekay, Zeneca, Nouns Dao and Jrny Club, according to the Globe and Mail report.

However, the partnership has embittered. The Canadian adolescent extorted the minor for a greater share of profits, then tried to resell the same Twitter access to others, violating their exclusive agreement, according to the report. Meanwhile, the efficiency of the scam was discouraged. The victims were faster to identify counterfeits, and the internal tools of Twitter finally stopped operating and certain fraudulent tweets were deleted in a few minutes, according to the globe and mail report.

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Attempted life change in Portugal interrupted by the arrest of the FBI

In 2023, the young man left for Portugal, where he started to change his life. According to his defense, he established real relationships, registered in a computer programming course and found “the company and the goal” for the first time in years, as reported by the Globe and Mail.

But the past has caught up with him. The American adolescent he had supervised and extorted later, cooperated with the American authorities, as was the informed ringing which once scammed him. The two gave information to the FBI in exchange for immunity, in accordance with the Globe and Mail report.

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Guilt and uncertain future advocacy back in Canada

In December 2024, young Canadians were arrested and extradited to the United States in March 2025, report. He then pleaded guilty of conspiracy in order to commit fraud by wire and the conspiracy to commit an aggravated identity theft, as reported by the globe and mail.

What is happening when he returns to Canada remains uncertain because he violated the terms of his probation for the $ 48 million when he made this new series of scams, which risks legal consequences, according to the report.

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Faq

Who is the teenager involved in this massive crypto flight?
His identity is protected by law because he was a minor when crimes occurred.

What was the second scam?

He hacked twitter accounts of famous NFT artists and scammed their supporters.

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