A UK police power auctioned more than £240,000 of cryptocurrency that they seized from the high school programmer behind the 2015 TalkTalk breach. In April 2018, police found that Elliott Gunton was taking individual information in return for a huge number of pounds in crypto money. As indicated by BBC, he admitted to five charges, including PC abuse and tax evasion. He was condemned to 20 months correctional facility time and requested to pay back £407,359. Evidently he was likewise sitting on a really huge reserve of crypto currency.
This is accepted to be the principal auction of this sort by UK police. The cash raised will go toward battling wrongdoing. It’s likewise intended to demonstrate that there’s no spot to conceal criminal resources, one official said.
This isn’t Gunton’s initial run-in with the law. He assumed a key job in the 2015 TalkTalk breach that released 156,959 clients’ close to personal details. In 2016, he was condemned to a year youth restoration order. As The Guardian revealed at the time, that sentence was intended to draw him from the lonely confines of a bedroom and that lonely world of computing to a family where his knowledge and skills could be put to good use and to project that out to the wider world.”
In 2016, Gunton said he wasn’t attempting to benefit from the TalkTalk breach. He was simply “flaunting.” Apparently, he didn’t gain proficiency with his exercise the first run through and proceeded onward to out and out illegal tax avoidance.