Scottish Authorities Convert Stolen Bitcoin to Cash After Unique Robbery
03.09.2024 19:30 1 min. read Alexander Stefanov
Scottish law enforcement has successfully converted 23.5 Bitcoin into cash, following a robbery in March 2020.
In this unusual case, three men armed with a machete and a Toblerone bar broke into a home near Glasgow, marking Scotland’s first instance of stolen cryptocurrency being traced and seized.
Detective Inspector Craig Potter from Police Scotland’s Cyber Investigations unit noted this case as groundbreaking for Scotland.
The Bitcoin, which was converted into approximately $144,000 (or £109,600), had a value significantly lower at the time of the theft, around $5,400 per Bitcoin.
The incident took place in Blantyre, where the attackers used the Toblerone bar in their assault and forced the victim to transfer Bitcoin.
Following the seizure, John Ross Rennie, convicted for possessing the stolen Bitcoin, was identified as a key figure in the crime. Although Rennie claimed coercion, the court deemed his role critical and sentenced him to community service and supervision.
-
1
Hackers Target UK Official’s Account in Crypto Scam Disguised as Government Project
17.04.2025 9:00 2 min. read -
2
Hacker Returns $7.5M in KiloEx Breach After Bounty Deal
19.04.2025 15:00 2 min. read -
3
Former Celsius CEO Alex Mashinsky Set for Sentencing Next Month
24.04.2025 16:00 2 min. read -
4
North Korean Agent Exposed in Crypto Job Scam at Kraken
04.05.2025 20:00 2 min. read -
5
DeFi Protocol Loopscale Hit by Exploit, Pauses Key Functions
27.04.2025 17:30 2 min. read
North Korean Agent Exposed in Crypto Job Scam at Kraken
In a cybersecurity twist that sounds more like espionage fiction than reality, Kraken recently intercepted an attempted infiltration by a North Korean hacker—disguised as a job seeker.
$330M Bitcoin Heist Traced to Social Engineering Scam Targeting U.S. Senior
A massive crypto theft has rocked the community, with a staggering $330 million in Bitcoin stolen in a sophisticated scam now believed to be the result of social engineering.
Mango Markets Hacker Sentenced for Separate Criminal Charges
Avraham Eisenberg, known for orchestrating the 2022 Mango Markets exploit, has been handed a 52-month prison sentence—but not for his crypto-related activities.
DeFi Protocol Loopscale Hit by Exploit, Pauses Key Functions
Loopscale, a decentralized finance platform built on Solana, was forced to pause its lending operations after a major security breach led to losses of around $5.8 million.
-
1
Hackers Target UK Official’s Account in Crypto Scam Disguised as Government Project
17.04.2025 9:00 2 min. read -
2
Hacker Returns $7.5M in KiloEx Breach After Bounty Deal
19.04.2025 15:00 2 min. read -
3
Former Celsius CEO Alex Mashinsky Set for Sentencing Next Month
24.04.2025 16:00 2 min. read -
4
North Korean Agent Exposed in Crypto Job Scam at Kraken
04.05.2025 20:00 2 min. read -
5
DeFi Protocol Loopscale Hit by Exploit, Pauses Key Functions
27.04.2025 17:30 2 min. read
