Chinese Hacker Gets Four Years for Hijacking 157 Government, Enterprise Websites 

• Zhou controlled 157 government and corporate websites, redirecting users to porn sites for years.
• All proceeds were settled in USDT and TRX dispersed across multiple wallets to evade detection.
• Authorities seized $5.8 million in crypto after extracting mnemonic phrases as forensic evidence.

A Chinese court has sentenced a hacker identified as Zhou to four years and four months in prison for seizing control of 157 government and enterprise websites and laundering the proceeds through cryptocurrency wallets holding over 42 million RMB, approximately $5.8 million.

The Qujiang District People’s Court in Quzhou City, Zhejiang Province, delivered the verdict on April 23 following prosecution by the district procuratorate. Zhou pleaded guilty, and the sentence is now in effect. Other individuals connected to the scheme remain under investigation.

How the Scheme Worked

…

Read The Full Article Chinese Hacker Gets Four Years for Hijacking 157 Government, Enterprise Websites  On Coin Edition.