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The Independent UK
The Independent UK
National
Jessica Coates

Scottish man faces 22 years in US prison for $8m virtual currency scam

Prison United States DOJ Telegram
Tyler Buchanan was part of a group that used phishing attacks to obtain login credentials - (PA Archive)

A Scottish man has admitted to plotting to hack into the computer systems of at least a dozen companies to steal more than US$8 million (£5.9m) in virtual currency.

The Department of Justice (DOJ) accused Tyler Buchanan, of Dundee, of being involved in a ring that used text message phishing attacks to trick employees into giving away their login credentials, enabling access to computer systems.

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