ChainCatcher news, according to Decrypt, the founder of the phishing-as-a-service (PhaaS) provider LabHost, Zak Coyn, has been sentenced to eight and a half years in prison. According to the UK Crown Prosecution Service, the 24-year-old gained $230,000 worth of cryptocurrency by designing and operating the website, which was laundered through multiple wallets and ultimately converted into cash by third parties before being transferred to his bank.It is estimated that thousands of criminals in 91 countries used LabHost to carry out scams, with the total number of victims exceeding one million.Previous news, police from multiple countries jointly cracked down on LabHost's phishing services.