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Man Linked to $1.3B North Korean BTC Hacks Gets 11 Years in Prison

Written by:
Aaron Goldstein
Published on:
Sep/15/2021

Ghaleb Alaumary is alleged to have helped North Korean hackers who made off with $1.3 billion targeting banks and digital currency firms, among other crimes.  And now he's looking at 11 years behind bars.

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The 36-year-old Canadian was sentenced to 140 months in prison by the Southern District of Georgia, the U.S. Department of Justice announced.  He was also ordered to pay $30.7 million in restitution to the victims of his crimes.

Alaumary is accused of laundering money for the crime ring, an offense he pleaded guilty to. Authorities said he worked by recruiting others and providing them with bank accounts to withdraw cash and transfer it via wire transfers and digital currencies.

In other crimes, he impersonated a construction company and defrauded close to $10 million from a Canadian university and as a wealthy bank customer through which he stole hundreds of thousands from victims in Texas.

Bryan Cryderman of Handcash

Tune into this episode of #CGWeeklyLivestream with host Kurt Wuckert Jr Bryan Cryderman of #Handcash, a leading wallet provider for the Bitcoin SV ecosystem that is best known for its pioneering approaches to make Bitcoin as user friendly as possible.

Other digital currency app developers have already been more than inspired by HandCash's design.

The two spoke about Cryderman’s background and his role at Handcash. They also discussed the ongoing and future projects of Handcash.

- Aaron Goldstein, Gambling911.com

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