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According to The New York Times, Canadian man Trenton Johnston has admitted to involvement in a money laundering conspiracy involving $13 million in a federal court in Florida, USA. Trenton Johnston induced victims to surrender their account permissions and transfer illegal gains for luxury consumption by impersonating representatives of Google and encryption companies. In March 2024, Trenton Johnston was arrested for speeding a Rolls Royce in Miami, and the case was subsequently exposed. Trenton Johnston once defrauded a California resident of approximately 185 bitcoins worth $13 million. According to data from the Federal Bureau of Investigation, cryptocurrency related theft losses will exceed $11 billion by 2025. Trenton Johnston has reached a plea agreement with the prosecution and is expected to face a sentence of 4 to 5 years and be deported.