BlockBeats News, June 11th, according to The New York Times, Canadian national Trenton Johnston pleaded guilty in a US Florida federal court, admitting to participating in a money laundering conspiracy involving approximately $13 million, sourced from cryptocurrency scams.

Prosecutors' documents show that Johnston, over two years, impersonated Google and cryptocurrency company representatives, deceived victims into handing over account access, and conspired with accomplices to transfer and conceal illicit proceeds for luxury spending, including luxury cars, jewelry, nightclub expenses, and private jet travel.

In March 2024, he was pulled over for speeding in a Rolls-Royce in Miami, where the car allegedly smelled of marijuana and illegal drugs, triggering a subsequent investigation that uncovered his long-term involvement in cryptocurrency scams.

The case also revealed that he used social engineering to defraud a California resident of about 185 bitcoins (worth around $13 million). Data from the Federal Bureau of Investigation shows that in 2025, cryptocurrency-related theft losses exceeded $11 billion, a roughly 20% increase from the previous year.

Currently, as a first-time offender, Johnston has reached a plea agreement with prosecutors, expecting to face a sentence of 4 to 5 years and will be deported to Canada.