On August 13, Christopher Rankin, 40, admitted guilt related to the unauthorized transfer of code to a secure computer, causing damage. In 2021, he gained unauthorized access to over a hundred computers belonging to the mining company that employed him in Niagara Falls, redirecting them to his own mining pool, which resulted in the theft of 1.067 BTC, valued at $53,315 at the time. Sentencing is scheduled for November 17, with a maximum penalty of one year in prison and a $100,000 fine.
News
Mining Farm Employee Pleads Guilty to Bitcoin Theft in the U.S.
A mining farm employee in the U.S. has pleaded guilty to stealing Bitcoin from his employer, redirecting over 1,000 BTC to his own account.
Mercation Admin
August 14, 2026 1 min read