Dubliner Jailed Over $2m Cryptocurrency Theft

An Irish cyber-thief has been jailed for his part in a SIM-swap conspiracy that robbed victims of their life savings.

Conor Freeman was identified by US Homeland Security as a member of a criminal group that stole over $2m worth of cryptocurrency from multiple victims in 2018.

Freeman, of Dun Laoghaire, Dublin, pleaded guilty to stealing cryptocurrency, dishonestly operating a computer to make a gain, and knowingly engaging in the possession of the proceeds of crime.

The 21-year-old handed over a virtual wallet containing 142.75682712 Bitcoin—now worth over $2m—to the gardaí­ at the time of his arrest. 

Together with at least five co-conspirators based in the US, Freeman used a SIM-swap scam to steal cryptocurrency worth $100,000 from Darran Marble on May 15, 2018. The next day, the group targeted Seth Shapiro, making off with $1,921,335 in virtual money. 

Two days later, the cyber-criminals used the same technique to illegally relieve Micheal Templeman of cryptocurrencies with an approximate value of $167,622.22.

Passing sentencing in Dublin Circuit Criminal Court on Tuesday, Judge Martin Nolan noted that Shapiro lost the proceeds of the sale of his house and his entire life savings to Freeman and his co-conspirators.

Although Nolan deemed it unlikely that Freeman would reoffend, he gave the Dubliner a custodial sentence of three years for crimes that involved "guile and deception." 

The court heard that Freeman met his co-conspirators online. Together, the group combed social media for targets that might have access to ..

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