Teenage hacker suspected of breaking into two telecom companies and a U.S. financial institution, stealing $4 million in cryptocurrency

Foresight News reported, according to Bloomberg, U.S. prosecutors have filed charges against a teenage hacker, Remington Ogletree, who is allegedly involved in a cybercrime syndicate that hacked into telecommunications companies. According to the charges filed on Wednesday, 19-year-old Remington Ogletree is accused of hacking into two telecommunications companies and a U.S. financial institution, stealing their data and customers' cryptocurrency, causing $4 million in losses. Ogletree is alleged to have collaborated with Scattered Spider, a hacking group linked to cyberattacks on companies such as MGM Resorts International, Caesars Entertainment, Coinbase, and Riot Games Inc. According to the indictment filed last month, five alleged members of Scattered Spider were charged by prosecutors for hacking that resulted in the theft of sensitive data and at least $11 million in cryptocurrency. A 17-year-old boy was arrested by UK police in the West Midlands in July for alleged involvement in Scattered Spider's activities.