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Home»ADOPTION NEWS»Scottish court seizes Bitcoin belonging to ‘brain’ of machete crypto robbery: report
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Scottish court seizes Bitcoin belonging to ‘brain’ of machete crypto robbery: report

By Crypto FlexsSeptember 3, 20242 Mins Read
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Scottish court seizes Bitcoin belonging to ‘brain’ of machete crypto robbery: report
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Law • September 3, 2024 10:49 AM EDT

Posted 1 minute earlier ~ in

A Scottish court has seized £110,000 worth of Bitcoin from a man believed to be the “technical brains” behind a 2020 cryptocurrency attack and robbery, according to the BBC.

According to the report, prosecutors seized the bitcoins and converted them into cash. The bitcoins belonged to John Ross Rennie, who was “convicted of possession of stolen property.”

Lenny, who taught the robbers how to move the cryptocurrency, was believed to be the “brainchild” of the scheme to force a man to move his Bitcoin after beating him in his home.

According to the report, the victim “waked up to find a man with a machete looking down at him and demanding he transfer cryptocurrency.”

Police Scotland said this was the first time they had traced cryptocurrency stolen in a robbery.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

RT Watson is a senior reporter at The Block, covering a wide range of topics including corporate America, blockchain gaming, and NFTs. Previously, he covered entertainment at The Wall Street Journal, writing about Disney, Netflix, Warner Bros., and the creator economy, with a focus on technological disruption across media. Prior to that, he covered corporate, economic, and political news in Brazil at Bloomberg. RT has interviewed a wide range of people, including CEOs, media moguls, major influencers, politicians, blue-collar workers, drug dealers, and convicted criminals. He holds a Master’s degree in Digital Sociology.

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