A British hacker who stole more than $900,000 in Coinbase user assets was sentenced to 3.5 years in prison

According to TechFlow, several countries have cracked down on cryptocurrency fraud cases recently. In the UK, a hacker was sentenced to three and a half years in prison for using phishing websites to break into more than 500 Coinbase accounts and steal more than $900,000.

In the United States, a federal court has ordered Abner Alejandro Tinoco and his companies to pay more than $31 million in restitution and penalties for allegedly operating a fraudulent cryptocurrency and foreign exchange scheme.

In South Korea, a man was arrested and charged with fraud for operating a fake cryptocurrency mining business that stole more than $1.3 million, and the Washington State Department of Financial Institutions warned investors to avoid working with the potentially fraudulent cryptocurrency platform Vims.One.