CBC · 2026-10-27 08:02 UTC

Canadian 'tremendously sorry' after spending stolen crypto on Lamborghini, BMWs, jewelry

20-year-old Canadian Trenton Johnston was sentenced to time served after pleading guilty to money laundering conspiracy related to stealing millions in cryptocurrency through impersonation scams. Johnston defrauded victims including one who lost 185 bitcoin ($13 million USD) and spent the stolen crypto on luxury cars, jewelry, and private jet rentals. He returned $3.8 million USD in stolen bitcoin and ether, with prosecutors noting he provided substantial assistance in investigating other individuals involved in the scheme.

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