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By Bibhu Pattnaik On Thursday, Gary Harmon, a resident of Ohio, was sentenced to a four-year prison term after he pled guilty in January to stealing more than 712 Bitcoin (CRYPTO: BTC) from a computer seized by the federal government. According to a release from the Department of Justice, Harmon must also give up “specific properties,” including the crypto holdings, which are valued at over $20
Gary James Harmon of Ohio was sentenced for stealing 712 Bitcoin from his brother, fellow Ohioan crypto convict Larry Dean Harmon.
Ohio man sentenced for stealing over 712 bitcoins linked to a pending criminal case, underscoring the need for robust security in cryptocurrency transactions.
Gary James Harmon secretly transferred more than 712 Bitcoin, valued at approximately $4.8 million at the time, to his own wallets.