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Tyler Robert Buchanan, 24, of Dundee, Scotland, pleaded guilty in the U.S. Central District of California to conspiracy to commit wire fraud and aggravated identity theft for his role in a phishing campaign that stole at least $8 million in virtual currency.
Prosecutors say Buchanan and co‑conspirators ran the scheme from September 2021 to April 2023, sending hundreds of spoofed text messages that directed employees to fraudulent websites and captured login credentials.
Stolen credentials and cryptocurrency seed phrases were reportedly shared on a Telegram channel administered by Buchanan.
Court documents say the group targeted telecoms, IT suppliers, cloud communications firms, virtual asset companies and individuals — impacting at least a dozen companies and, in some filings, as many as 45 victims across the United States, Canada, India and the United Kingdom.
Police Scotland assisted the FBI. Buchanan has been in U.S. custody since April 2025 and faces a maximum sentence of 22 years at a sentencing hearing set for Aug. 21.
Several alleged co‑conspirators remain charged in U.S. courts; one has already pleaded guilty and been sentenced.







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