According to CoinMeta, on October 23, the United States Attorney's Office for the Western District of New York disclosed that Timothy Wadsworth was sentenced to 51 months in prison for conspiring to commit telecommunications fraud and money laundering. He was also ordered to compensate approximately $811,000 and had about $811,000 in criminal proceeds confiscated. Through Stripe, he initiated 310 unauthorized credit card payments totaling around $1.6736 million. Of these, 116 payments were successful, with an amount of about $730,700. The funds from these transactions were transferred through his bank account, part of which was used to buy Bitcoin for Coinbase who then passed it on to his accomplices. The actual and anticipated losses resulting from his credit card activities, government loans, unemployment benefits fraud, and other fraudulent acts amounted to approximately $2.06 million.