Cryptocurrency crime news 2025: Canadian teen behind $48 million crypto heist strikes again — this time targeting X and NFT artists

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Cryptocurrency theft Canadian youth cybercrime: In the summer of 2022, a 19-year-old stood in a Hamilton courtroom, expressing remorse for stealing $48 million in cryptocurrency in what authorities had called the largest theft of its kind from an individual, as per a report. He said, “I intend to move forward only in a positive direction,” adding he was “very sorry,” as quoted in The Globe and Mail report.

Canadian Teen Expresses Remorse for $48 Million Cryptocurrency Theft

His lawyer said that the teenager at that time intended to use his skills for good, to work in cybersecurity, “a fitting way for this case to come full circle,” as quoted in the report.

He was sentenced to one year of probation, with the judge taking into account the year he had already spent in custody and the fact that he was just 17 years when the crime occurred, as per The Globe and Mail report. Under Canada’s Youth Criminal Justice Act, his identity…

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