London police seized half a million pounds, or $667,000, worth of bitcoin (BTC) from a computer hacker, the Associated Press reported Friday.
Grant West, 26, was sentenced to 10 years and eight months in prison Friday for attacking about 100 companies worldwide using mainly “phishing” email scams to obtain financial data, the news agency reported. West would sell the stolen data on the dark web and convert his profits into bitcoin.
The London police discovered evidence of cyberattacks on 17 major companies, including the Finnish bitcoin exchange. Police also recovered a memory card containing about 78 million individual usernames and passwords. Read more here.