Canadian hacker, 22, sentenced to one year for stealing accounts and defrauding $794,000

ChainCatcher reports that, according to Decrypt, a young cybercriminal has been sentenced to prison for stealing NFTs and cryptocurrencies by exploiting hijacked accounts on the social platform X (formerly Twitter).

Canadian citizen Cameron Albert Redman, 22, was sentenced to one year in prison on Tuesday for conspiracy to commit wire fraud, wire fraud, and conspiracy to commit aggravated identity theft.

In 2022, Redman and his accomplices used hacked social media accounts belonging to digital artists to post links to counterfeit websites impersonating well-known creators and brands, defrauding more than 200 victims of $794,000 in just a few days.