Tech
Netflix & Spotify hacker to pay back $1.66 million in stolen cash & crypto
The man who hacked and sold Netflix and Spotify subscriptions is being ordered by police to forfeit his money
The Australian Federal Police are asking for more than 1.66 million dollars in cryptocurrency and cash will be returned to the Commonwealth.
The convicted 23 year old worked with a man in the U-S to steal customer’s log-in details, selling them at a lower price online.
He pleaded guilty to the crimes in October 2020 and faced restraining order over several banking accounts presumed to belong to him.
The requested 1.2 million dollars in cryptocurrency will mark the largest confiscation of cryptocurrency by the Commonwealth.
The amount will be used to improve cyber safety, crime prevention and law enforcement.
The Minister for Home Affairs says the government “Will continue to fund projects and initiatives that make it harder for criminals to prey on Australians, by using proceeds of crime that are seized from criminals themselves”.