Two men made more than $7 million illegally broadcasting sports events through 247TVStream. Find out how the scheme worked, how much damage it caused, and how law enforcement shut down the platform.
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In the United States, charges have been brought against 5 people involved in a large-scale phishing scheme that allows to steal confidential data of company employees and cryptocurrency worth several million dollars.
According to the investigation, the accused used text messages with phishing links to access the company’s systems and cryptocurrency accounts. The scheme ran from 2021-9 to 2023-4. The messages mimicked official account deactivation notifications, prompting victims to enter their credentials. This has allowed cybercriminals to steal intellectual property, personal information and millions of dollars in cryptocurrency.
Suspects:
– Ahmed Gossam Eldin Elbadavi, 23, Texas, USA.
– Noah Michael Urban, 20, Florida, USA.
– Evans Onyaka Osiebo, 20, Texas, USA.
– Joel Martin Evans, 25, North Carolina, USA.
– Tyler Robert Buchanan, 22, UK.
The defendants face up to 20 years in prison for conspiracy to defraud. The investigation was conducted by the FBI with the support of international organizations, including the Police Scotland.
As cryptocurrency technology evolves, such schemes become increasingly sophisticated, causing significant damage to both companies and individuals. This case highlights the importance of cyber threat awareness. Governments and businesses should implement more secure authentication methods and invest in cyber defenses.
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