The U.S. Department of Justice has charged 12 individuals in a $263 million encryption fraud case, with one victim losing 4,100 Bitcoins.

robot
Abstract generation in progress

Odaily News The U.S. Department of Justice has charged 12 defendants involved in a $263 million crypto assets fraud and money laundering case. Most members of the criminal gang are young people who initially met through online gaming, later stealing victims' crypto assets through hacking, social engineering, and burglary. One victim lost approximately 4,100 Bitcoins, valued at about $230 million. To conceal the illegal gains, the suspects stuffed large amounts of cash into Squishmallows plush toys and mailed them to each other through the U.S. Postal Service. The main suspects include 20-year-old Malone Lam (also known as "King Greavys"), 19-year-old Marlon Ferro ("GothFerrari"), and 21-year-old Conor Flansburg ("Green Room"). According to allegations, they once spent $500,000 in a nightclub in one night and owned private jets and luxury cars worth millions of dollars. Currently, some suspects have been arrested in the U.S., while two others are reportedly residing in Dubai. (DL News)

BTC0.41%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)