"The Department of Justice accused Tyler Buchanan 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."
"Buchanan admitted that between September 2021 and April 2023, the group planned to scam telecommunications companies, IT suppliers, cloud communications providers, virtual currency firms and individuals."
"A device seized at Buchanan's home in Scotland showed that he possessed the names and addresses of multiple victims, as well as a text file containing cryptocurrency seed phrases and login credentials for one victim's account."
"The conspirators created a phishing kit that captured login credentials entered into the fraudulent phishing websites by a victim company's employees."
Tyler Buchanan, a 24-year-old from Dundee, Scotland, admitted to conspiring to hack into multiple companies to steal over $8 million in virtual currency. He and his co-conspirators used text message phishing attacks to obtain login credentials from employees. Between September 2021 and April 2023, they targeted telecommunications companies, IT suppliers, and virtual currency firms. A device seized from Buchanan contained victim information and stolen credentials, which were sent to a Telegram channel. He faces a maximum of 22 years in prison, with other co-defendants also facing charges.
Read at www.independent.co.uk
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