Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, February 23
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Teen suspected of holding $1.8 million in bitcoin from hacking Vegas casinos is out on bail — alleged perp could be tried as an adult, face possible prison time
    Bitcoin

    Teen suspected of holding $1.8 million in bitcoin from hacking Vegas casinos is out on bail — alleged perp could be tried as an adult, face possible prison time

    September 27, 20253 Mins Read


    When you buy through links on our articles, Future and its syndication partners may earn a commission.

     Las Vegas (GettyImages-717166755).

    Credit: Getty Images

    According to Vegas attorneys, a contributor to the closest thing you may see to Ocean’s Eleven in your lifetime is about to get off easy. A 17-year-old accused of contributing to a 2023 cyberattack against multiple Las Vegas casinos has been released to his parents on bail, while prosecutors allege he is still holding $1.8 million in ransomed cryptocurrency they have yet been unable to locate.

    Between August and October 2023, multiple casinos owned by MGM Resorts International and Caesars Entertainment were hit in a massive cyberattack, attributed to Scattered Spider. The black-hat hacking collective made up primarily of English-speaking teens and young adults, cost the casinos over $100 million in damages and received a $15 million paid ransom from Caesars.

    The suspect released this week surrendered himself to local police in Nevada last week, much to the shock of police and researchers. “I wasn’t previously aware of a local [resident] that assisted with that hack,” said cybersecurity researcher Allison Nixon in regards to the arrest. The choice of the young man to surrender himself came one day after a pair of arrests in the UK were made of other alleged Scattered Spider contributors.

    Scattered Spider’s “sophisticated network intrusions”, as described by the Las Vegas Metropolitan Police Department, were done with the use of BlackCat ransomware, a subscription-based ransomware service written in the Rust programming language. BlackCat attacks typically rely on exposing confidential victim data exfiltrated with social engineering tactics, then threatening to spread the data and execute DDoS attacks on the victim’s network.

    The Clark County District Attorney’s office accuses the Vegas teen of secretly holding $1.8 million in Bitcoin from the heist that has not yet been recovered. The office is also attempting to try the teen, who would have been 15 years old at the time of the attacks, as an adult for harsher sentencing and possible prison time.

    A family court judge found in favor of the boy’s defense, releasing him into the custody of his parents. The youth is not permitted to leave Clark County or live outside of his parents’ registered address, and has had his Internet and cell phone usage significantly restricted to educational purposes only. The boy faces a small list of charges including extortion and conspiracy to commit extortion, but if prosecutors get their wish, he may face much harsher charges as well.

    Follow Tom’s Hardware on Google News, or add us as a preferred source, to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleChina’s economy sees positive changes as incremental policies take effect since last September
    Next Article Is The Vanguard Total Stock Market Index Fund a Buy?

    Related Posts

    Bitcoin

    Bitcoin Rally To $75K Possible If These 3 Triggers Are Pulled

    February 23, 2026
    Bitcoin

    Bitcoin Braces for ‘Massive Trigger’ — Could Trillions Flood the Market?

    February 23, 2026
    Bitcoin

    Mystery Hong Kong investor in BlackRock’s bitcoin ETF breaks silence — only to spark more questions

    February 23, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Coinbase CEO Brian Armstrong’s Wild 2012 Pitch Resurfaces

    December 4, 2025
    Finance

    What It Is, How It Works, Example

    December 19, 2025
    Bitcoin

    170 millions de dollars en Bitcoin ont déménagé au milieu de la retraite du marché de la cryptographie

    May 1, 2025
    What's Hot

    Which Crypto to Buy Today? Bitcoin Hits $96K, Ethereum Holds, But ZKP Targets 10,000x ROI

    January 18, 2026

    Le groupe blockchain lève 22 millions d’euros pour accélérer sa stratégie de trésorerie Bitcoin

    May 12, 2025

    ESPC forecasts ‘robust’ property market in 2026

    January 30, 2026
    Most Popular

    Nansen Says Bitcoin Investors Should Become Risk-On, Here’s Why

    July 28, 2024

    GUEST COLUMN: Of Finance, Of Nation-creation, Of Citizenship

    August 20, 2024

    Analyst Benjamin Cowen Says Ethereum Primed To Go Up Against Bitcoin – Here’s the Timeline

    August 16, 2024
    Editor's Picks

    Utilities Stocks Rise — Utilities Roundup

    November 24, 2025

    How to Read mNAV — and Why NYDIG Says It Falls Short

    November 30, 2025

    Bitcoin Price Could Fall to $50,000, Standard Chartered Says — Is a Crash Coming?

    February 12, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.