RATE Group | HitBTC Scammers Face Two Years in Jail for $140K Bitcoin Twitter Fraud
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HitBTC Scammers Face Two Years in Jail for $140K Bitcoin Twitter Fraud

17 Dec HitBTC Scammers Face Two Years in Jail for $140K Bitcoin Twitter Fraud

Posted at 14:37h in Bitcoin News by

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Two Canadian men who defrauded a Bitcoin (BTC) investor out of $140,000 by impersonating exchange HitBTC may serve two years in prison.

According to court records on Dec. 16, brothers Jagroop Singh Khatkar and Karanjit Singh Khatkhar pled guilty to charges of conspiracy to commit wire fraud over a scam carried out via Twitter in July 2018.

HitBTC victim: “I feel sorry for them”

The case originally came to light in July this year, as per documents filed with the United States District Court in Portland, Oregon.

Posing as the support service for HitBTC, the pair convinced a user, an unnamed 63-year-old woman, to reveal the email address attached to her trading account. They then hacked into the account, stealing 23 BTC, worth around $140,000 at the time.

As per the documents, the Singh Khatkhars “did unlawfully, knowingly, and intentionally transfer, possess, and use, without lawful authority, a means of identification of another, knowing that the means of identification belonged…

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