Scattered Spider Member Tyler Buchanan Pleads Guilty to Hacking and Cryptocurrency Theft

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Summary

Tyler Buchanan pleaded guilty to conspiring with Scattered Spider members to hack companies and steal cryptocurrency. He admitted to SMS phishing, credential theft and SIM swapping; prosecutors say victims lost at least $8 million in cryptocurrency.

Key points

  • Buchanan admitted to SMS phishing employees with messages linking to credential- and PII-harvesting sites.
  • He and co-conspirators used stolen information to access employee accounts and company systems and steal sensitive information.
  • A phishing kit sent captured credentials to a Telegram channel managed by Buchanan and a co-conspirator.
  • The conspirators used SIM swapping to intercept authentication codes and access cryptocurrency accounts and wallets.
  • Buchanan admitted that the group stole at least $8 million in cryptocurrency from victims in the US.
  • Buchanan is scheduled for sentencing on August 21; co-conspirator Noah Michael Urban was sentenced to 10 years in prison.

Article Details

Event Type
Guilty plea in a cybercrime case involving conspiracy to hack company networks and cryptocurrency theft.
Impact
Tyler Robert Buchanan admitted to SMS phishing, credential theft, and unauthorized access to company systems. He and his co-conspirators stole sensitive information and at least $8 million in cryptocurrency from victims in the United States.

MITRE ATT&CK

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