Did two teenagers steal $1 million in Bitcoin?

The parents of two teenagers allegedly responsible for stealing $1 million in Bitcoin are being sued. According to court documents obtained by Brian Krebs, Andrew Schober lost 16.4552 in Bitcoin (BTC) in 2018 after his computer was infected with malware, allegedly the creation of two teenagers in the United Kingdom.

Who is the 19-year-old who stole $48-million worth of cryptocurrency?

The 19-year-old, who was 17 at the time of the 2020 theft and cannot be named under the Youth Criminal Justice Act, admitted in court to stealing $48-million worth of cryptocurrency from California-based entrepreneur and Bitcoin pioneer Josh Jones. “I’m very sorry for everything that happened,” the 19-year-old told a Hamilton court Friday.

Did a couple try to launder stolen bitcoins?

But it appears that the couple never even tried to launder most of the stolen coins—94,636 bitcoin, or about eighty per cent of the total loot, never left the first wallet. The reason? Laundering digital currency is hard.

What happened to the teen who stole $5,000?

The teen pleaded guilty to theft over $5,000. In a joint submission between the Crown and defence, he was sentenced to time served and a year probation. His probation conditions include not accessing or possessing cryptocurrency. The teen spent a year in custody before being released on bail under strict conditions, including electronic monitoring.