- The teenager gained access to the phone of the holder of the cryptocurrency and, using two-factor authentication codes, stole $ 36.5 million worth of cryptocurrency.
- He was detained with a balance of $ 5.5 million in his account – he spent the stolen funds on video games.
- The incident took place in the city of Hamilton, Canada, according to the local police website.
The teenager gained access to the phone of the holder of the cryptocurrency and, using two-factor authentication codes, stole $ 36.5 million worth of cryptocurrency. He was detained with a balance of $ 5.5 million in his account – he spent the stolen funds on video games.
The incident took place in the city of Hamilton, Canada, according to the local police website.
The teenager was able to fraudulently gain access to the phone of the holder of the cryptocurrency. He took possession of a crypto wallet by intercepting two-factor authentication codes. The teenager ended up with a cryptocurrency equivalent to $ 36.5 million.
What’s in plate for the Teenager Now?
The police and the FBI have identified the attacker at a disproportionate expense. It turned out that he spent some of the money shopping for video games. The police report said the teen paid for unique nicknames.
The teenager was eventually arrested – about $ 5.5 million remained on the account by this time. The robber faces punishment under the article on theft on a large scale.
As an American citizen, the victim was investigated by both the US FBI and Secret Service as well as the Hamilton Police. Besides theft for over 5,000 Canadian dollars, the criminal youth is charged with possession and use of property obtained during the crime.
Teenager was Charged with Youth Criminal Justice Act , Let’s see what it is, in detail.
The Act governs the application of criminal and correctional law to those 12 years old or older, but younger than 18 at the time of committing the offence (Section 2 of the YCJA). Youth aged 14 to 17 may be sentenced as adults under certain conditions, as described later on in the Act. The Criminal Code, section 13, states “No person shall be convicted of an offence in respect of an act or omission on their part while that person was under the age of twelve years.”
Accountability, rehabilitation, and reintegration
Subsection (b) incorporates a recognition that young people need to be held accountable for their crimes, and have a greater opportunity to be rehabilitated and reintegrated into society. The criminal justice system for young persons must be separate from that of adults and emphasize the following:
(i) Rehabilitation and Reintegration: The implementation of extrajudicial measures instead of more punitive sentences for less serious offences “address the rehabilitative needs of youths within the limit of a proportionate response to the offence”. The goal is to first rehabilitate and then reintegrate (assisting a young offender to adjust back into their community).
(ii) Fair/proportionate accountability with greater dependency and reduced maturity: During sentencing “proportionality determines the degree of intervention of the sentence”. The court must hold the offender accountable only for the acts committed.
Therefore, “accountability is to occur through the imposition of meaningful consequences and measures that will promote the rehabilitation and reintegration of youth into society”. The offender’s level of maturity is considered when deciding on a response to the offence that is both fair and proportionate.
(iii) Enhanced procedural protection, fairness, rights: These procedural protections are there to guarantee that young people’s rights are protected and that they are treated fairly. Some of these rights include but are not limited to: right to privacy, right to talk with a lawyer and an adult.
(iv) Ensure timely intervention reinforces link between offence and consequence.
(v) Promptness and speed with which persons responsible for this Act must act, given young persons’ perception of time.