The Block|Oct 26, 2026 08:14
THE BLOCK: Timothy Wadsworth, a 35-year-old man in Rochester, was sentenced to more than 4 years in prison and ordered to forfeit $810,965 for conspiring to commit wire fraud and money laundering.
He used Stripe to process unauthorized credit card payments totaling hundreds of thousands of dollars, then moved funds via bank accounts to Coinbase to buy bitcoin (BTC) and transfer it to co-conspirators. The scheme caused more than $2 million in losses.
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