KB-2024-001295 - [2025] EWHC 3000 (KB)

D1 has admitted his involvement in unlawful conduct through which he obtained cryptocurrency in both the New York and the California proceedings. He accepted obtaining $794,012.64 in cryptocurrency and that the proceeds could not be located by any enforcement authority exercising due diligence. The unlawful conduct which occurred in the US would plainly amount to unlawful conduct in England and Wales, had it occurred here, namely (i) unauthorised access to computer material, contrary to the Computer Misuse Act 1990, s.1; (ii) fraud, contrary to the Fraud Act 2006, s.2 and (iii) money laundering offences, contrary to POCA, ss.327, 328 or 329.

There is no information available as to how D1 could lawfully have obtained this amount of cryptocurrency.