PORTLAND, Ore. (KOIN) — Two Canadian Nationals have been arrested for scheming to steal bitcoin from an Oregon resident.
The U.S. Attorney Billy J. Williams announced that Karanjit Singh Khatkar and Jagroop Singh Khatkar have been charged for multiple counts of wire fraud, identity theft, and money laundering.
From October 2018 to August 2019, the 2 men allegedly used a Twitter account to trick people into thinking they were communicating with a Hong-Kong-based online bitcoin company.
The company, called HitBTC, provides a web-based “wallet” for customers to store virtual currency.
The defendants responded to an Oregon victim’s questions about withdrawing currency from her account. They then reportedly convinced the victim to send over her account information.
From there, they transferred approximately $233,220 worth of the victim’s bitcoins to their own accounts.
Karanjit was arrested on July 18 upon his arrival at the McCarran International Airport in Las Vegas. A week later, a Las Vegas judge ordered him to be transferred to Oregon.
Jagroop remains at large. He is believed to be in Canada.
KOIN 6 News will update this story as soon as possible.