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The US wants to extradite a British man accused of stealing $8.5 million of crypto from an American citizen

10 days ago   |   By

Bitcoin's price has nearly doubled during 2021. Edward Smith/Getty Images
A British man is facing extradition to the US for helping to hack an American man's crypto wallet, Bloomberg reported Tuesday.
The man is accused of being part of a hacking group called "The Community" when he was 18 years old.
The now 22-year-old Brit allegedly received 108.18 bitcoins in the hack of the American's digital wallet.
A 22-year-old British man is facing extradition to the US in a case accusing him of stealing bitcoin as part of a wider hacking ring, according to a Bloomberg report Tuesday. A ring of...
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Biden authorizes release of 50 million barrels of oil from US reserve, hoping to combat spike in gas prices

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A sign showing gas prices at a station in San Diego, California, in early November 2021. Mike Blake/Reuters President Joe Biden is authorizing the release of 50 million barrels of oil from the US petroleum reserve in a bid to combat the spike in gas prices. "Today, the President is announcing that the Department of Energy will make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans and address the mismatch between demand exiting the pandemic and supply," the White House said in a Tuesday statement. Other countries including...
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