U.K. man pleads guilty to hacking scheme that stole $8 million in virtual currency from victims across U.S.

TL;DR

Tyler Robert Buchanan pleaded guilty to conspiracy to commit wire fraud and aggravated identity theft.
The scheme operated from September 2021 to April 2023, stealing $8 million in virtual currency.
Hackers used phishing messages to gain access to victims' phones and steal data.
Victims were directed to fraudulent websites to mimic legitimate ones.
At least 45 companies in the U.S. and abroad were targeted.
Buchanan faces a maximum penalty of 22 years in prison.
Co-conspirators Ahmed Hossam Eldin Elbadawy, Evans Onyeaka Osiebo, and Joel Martin Evans still face charges.
Cyber-enabled crime defrauded Americans of nearly $21 billion in 2025, with those over 60 being the most vulnerable demographic.

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