A UK hacker, Elliot Gunton, has been sentenced to three and a half years in prison for orchestrating a phishing scam that compromised over 500 Coinbase accounts, resulting in the theft of more than $900,000. Gunton, who was just 17 and 18 years old during the 2018-2019 scam, directed victims to dummy websites to capture their login details. Gunton pleaded guilty to conspiracy to commit fraud outside the UK and money laundering.
Judge Alice Robinson of the Norwich Crown Court described the crime as “highly sophisticated,” involving significant planning and technical expertise. This isn’t Gunton’s first run-in with the law. In 2019, he received a 20-month prison sentence for stealing TalkTalk customer data for cryptocurrency but avoided jail by completing a 12-month rehabilitation order. He was also ordered to repay £407,359 ($524,700) for hacking high-profile Instagram accounts.
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