Summary
- US teenager Veer Chetal pleaded guilty to charges of stealing Bitcoin worth $245 million.
- Chetal has been linked to over 50 similar crimes, including fraud and money laundering, and is expected to face up to 24 years in prison.
- The case was classified as a social engineering attack by a prominent on-chain investigator, whose tracking and analysis played a key role in the investigation.
A US teenager who stole Bitcoin (BTC) worth $245 million (USD) last year has pleaded guilty to charges of fraud and money laundering.
According to BeInCrypto on the 24th (local time), Veer Chetal, a teenager from Connecticut, United States, was indicted last year along with two accomplices for stealing $245 million worth of Bitcoin. Chetal recently pleaded guilty in court and agreed to testify against his accomplices.
It was revealed that Chetal was involved in about 50 similar crimes in addition to this case. He was also taken back into custody for attempting further fraud after being released on bail. The court is expected to sentence Chetal to 19 to 24 years in prison, and reports indicate that his parents, who are from India, may be deported from the United States.
This case was classified as a 'high-level social engineering attack' by the well-known on-chain investigator ZachXBT, who reportedly provided crucial leads to the investigation.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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