London teens jailed for stealing $150K crypto in mugging spree
Four London teens have been sentenced to a total of 23 years in jail for stealing cell phones and Crypto in a series of knifepoint robberies across the city, after police tracked down their address through food deliveries paid for with stolen bank details. A total of 26 people were robbed by the group on the streets of London, according to an official statement by the Metropolitan Police. The teens would threaten their victims with knives, giving them no choice but to hand over their phones and passcodes. Victims’ cryptocurrency was then drained into hot wallets. In total, over £115,000 ($150,000) in crypto was stolen. The teens also used victims’ bank information to buy top-up cards and taxi fares, among other illicit purchases. According to the Met Police statement, the robberies took place between June 2021 and January 2022. This timeframe coincides with a Protos report detailing how crypto muggings in London’s financial district were on the rise between June and December 202...