Pa. Man Admits To Stealing $40M In Bitcoin

Law360, New York (July 20, 2017, 5:33 PM EDT) -- A Pennsylvania man is accused of identity theft and fraud after he admitted to stealing from individuals who use bitcoin, amassing a stash of the online currency valued at over $40 million, according to a criminal complaint filed Wednesday in federal court.

Theodore Price, a Montgomery County resident, was arrested on July 13 after authorities searched his residence over a burglary, and he subsequently admitted during questioning that he was a skilled coder who had developed software that allowed him to steal bitcoin, according to court documents.

Price admitted to having extensive knowledge of the dark web, telling investigators from the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!