Judiciary Officials of Orange County, Florida, has sued one person for processing illegal transactions of Bitcoin worth more than $25 million. With the rising demand for blockchain technology and cryptocurrencies, many ransomware and fraudulent attacks have been observed during the last couple of years, but that is not that easy as it seems so. Although different attacks have been reported related to breaching networks and stealing cryptocurrencies but to somehow, they get caught in some way or other way. Recently, Orange County, a metropolitan city of Florida, has reported a case where a person name Kais Mohammad has been carrying out illegal transactions of Bitcoin via ATM but being caught and sentenced to two-year prison along with other penalties.
Kais Mohammad, code aka “Superman29,” recently was arrested for operating an illegal BTC ATM and rolled in more than $35 million. US officials shared the case details of how Superman29 having a criminal background, cared out illegal transactions and pleaded guilty to the imposed charges, for which he is being sentenced to two-year prison with other penalties.
Josephine Station, judge at the court of Central District of California, listened to the minute details of the case and, after going through the shreds of evidence, sentenced Kais Mohammad, who is now of the age of 39, to two-year prison. Kais is now going to spend the next 24 months in the federal prison of California for operating BTC ATMs illegally. For the record, it is important to note that Kais also has a cyber-criminal record on his back. Back in 2020, Kais pleaded to charges for money laundering, illegal money transfer business, and mainlining the effective way for money laundering.
Justice Department of United States also shared that back in 2014-19, Kais has also been the in-charge of illegal activities, including illegal virtual currencies business named “Herocoin.” During the aforementioned time span, he deceived people by offering BTC to cash offerings with his 25% commission which was recorded more than the normal market value. As now he is in custody, law enforcement authorities of Orange County have not only imposed prison of two years, but Superman29 will also have to pay $22,820 in cash, 222.5 Ethereum (ETH), 18.5 Bitcoin (BTC), and around 17 Bitcoin automated teller machines (BTC ATM) as well.