Timothy Wadsworth was sentenced to 51 months in prison and ordered to pay over $810,000 in restitution after he processed unauthorized credit card payments through Stripe, converting the funds into Bitcoin via Coinbase. Between March and May 2020, he attempted 310 fraudulent charges totaling over $1.6 million, with more than $730,000 initially successful. The scheme involved moving stolen funds through bank accounts before purchasing Bitcoin and sending it to co-conspirators. This case highlights ongoing issues with fraud schemes converting traditional payment fraud into cryptocurrency transactions.
The card fraud case involving Stripe and Bitcoin provides context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 26, 2026 10:41 WIB: out of 50 major cryptocurrencies, 5 rose and 43 fell. Notable movers include SAND at Rp855 with a -4.89% change and 80% sell activity, FIL at Rp16.272 with a -4.56% change and 67% sell activity, and XTZ at Rp5.086 with a -4.11% change and 46% sell activity.
The Ethereum Foundation completed a sale of 2,785 Ether (ETH) through the CoWSwap platform, receiving USDS stablecoins in return. The transaction was valued at approximately $6.42 million. This move reflects ongoing asset management by the foundation...
Eos Energy Enterprises posted mixed preliminary Q3 results with sales exceeding expectations but a surprising drop in backlog. Although gross margins improved significantly, the company is expected to miss near-term management targets, which may pres...
Chainlink operates a decentralized oracle network that supplies verified external data to smart contracts on various blockchains, crucial for applications like DeFi lending and cross-chain token transfers. Its LINK token pays node operators but does ...
A Bitcoin derivatives account linked to a specific address shifted its position from a $10.04 million short to an $11.97 million long. The account closed the short position at an average price of $80,291 and opened the long at an average price of $79...
As of 11 p.m. ET on October 25, two accounts linked to Abraxas Capital held short positions on Hyperliquid valued at over $1.29 billion. These positions have generated combined profits exceeding $353 million. The accounts, identified by specific wall...
