On November 16, US prosecutors said convicted Archegos Capital Management founder Bill Hwang should be sentenced to 21 years in prison.
The British hacker was sentenced to 3.5 years in prison for a Coinbase phishing scam involving the theft of approximately $900,000. He obtained more than 500 Coinbase account info through phishing sites in 2018 and 2019. In addition, he was also ordered to repay £407,359 (current value $524,700) for hacking into several Instagram accounts.