
Two men have pleaded guilty to defrauding a 64-year-old woman out of more than $158,000 worth of Bitcoin, The Oregonian reports. The brothers, Jagroop Singh Khatkar and Karanjit Singh Khatkhar — from British Columbia in Canada — admitted to conspiring to commit wired fraud and money laundering earlier this week. They each face a potential two years in prison when they are sentenced on March 17. The brothers created a fake Twitter account, impersonating Hong Kong-based cryptocurrency exchange HitBTC. They then tricked the woman into contacting @HitBTCAssist for support and got her to share her account details. The brothers were then able to…
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