Canadians Charged for $220,000 Bitcoin Scam on Twitter

Two Canadian nationals posed as HitBTC customer service representatives in order to steal a user's login credentials.

AccessTimeIconAug 23, 2019 at 2:01 p.m. UTC
Updated Sep 13, 2021 at 11:22 a.m. UTC

Two Canadian nationals have been indicted for scheming to steal bitcoin from an Oregon resident.

Karanjit and Jagroop Singh Khatkar of Surrey, British Columbia, Canada, posed as customer service representatives of HitBTC, a Hong Kong-based cryptocurrency exchange, in order to steal login credentials of a target’s account.

According to a statement from the Attorney’s Office of the District of Oregon, the fraudsters created a Twitter account called @HitBTCAssist to respond to the victim’s questions online. Using information they phished from customers, Karanjit and Jagroop were able to withdraw approximately $233,220 in bitcoin from the victim’s account.

Initially, 23.2 bitcoin were transfered from HitBTC to Karanjit’s account at a separate crypto exchange Kraken. Then, Karanjit transferred half that amount into Jagroops Kraken wallet.

Following an sting by the Federal Bureau of Investigation, Karanjit was arrested at the McCarran International Airport in Las Vegas, Nevada, on July 18. He was detained ahead of a trial set for October 8.

"Jagroop Singh Khatkar remains at large and is believed to be in Canada," wrote federal agents.

Phishing photo via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.