Bitcoin News • October 7th 2026, 4:15 PM
Jury Convicts Uranium Finance Hacker Who Spent Crypto Loot on Pokemon Cards
Key Summary
A jury has found a hacker guilty of using cryptocurrency to purchase high-value Pokémon cards, with the suspect spending stolen funds on rare collectibles. The case highlights the growing problem of cryptocurrency theft and the illicit use of digital assets. The hacker was convicted of multiple counts of wire fraud and conspiracy to commit wire fraud.
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Case Details
Background
A 37-year-old man from California was arrested in 2020 for allegedly using cryptocurrency to purchase rare Pokémon cards. The suspect allegedly used stolen funds to make multiple transactions, totaling over $1 million in stolen cryptocurrency.Charges
The suspect was charged with multiple counts of wire fraud and conspiracy to commit wire fraud. The charges were brought by the US Department of Justice in cooperation with the US Secret Service.Defense
The suspect's defense team argued that the purchases were legitimate and that the suspect had been unaware of the funds' origin.Verdict
The jury delivered a guilty verdict on all counts, finding the suspect guilty of wire fraud and conspiracy to commit wire fraud.Sentence
The suspect faces a potential sentence of up to 20 years in prison and a fine of up to $250,000. The sentencing hearing is scheduled for later this year.#Bitcoin#US#Crypto#SEC#Japan