Phishing-as-a-service provider LabHost founder sentenced to eight and a half years in prison

Odaily News Zak Coyn, founder of phishing-as-a-service (PhaaS) provider LabHost, has been sentenced to eight and a half years in prison. According to the Crown Prosecution Service, the 24-year-old earned $230,000 worth of cryptocurrency for designing and operating the site, which was laundered through multiple wallets and eventually converted into cash by a third party and transferred to his bank. It is estimated that thousands of criminals in 91 countries used LabHost to commit fraud, defrauding a total of more than one million people. (Decrypt)