During the year of 2021, the price of the digital currency has doubled.
Edward Smith is a photographer.
A 22-year-old British man is facing an American court to be sentenced for his part in a hacking ring, according to a report.
The "The Community" is accused of stealing more than $50 million in cryptocurrencies from US citizens. De Rose is accused of aiding in the hack of an American man's wallet when he was 18 years old.
The man's digital wallet was transferred to himself and his co-conspirators, according to US lawyers. De Rose was accused of receiving a lot of money. The report said the digital currency was worth $300,000 at the time.
The alleged victim was not harmed because the man was found to have sold it into the market. Edward Fitzgerald, De Rose's lawyer, said in court that the American was found to be so crooked that thecryptocurrencies had no value.
The UK's Crown Prosecution Service said that Mr. Rose and his friends can't act as Robin Hood and take the man's assets for their own gain. He said that it was a very serious fraud.
The lawyers for De Rose said he should be tried in the UK rather than being extradited because of his alleged crimes.
Business Insider has an original article.
