US EditionFeds charge 13 men in $265 million crypto theft ring that blew $13M on exotic cars, nightclubs
- Thirteen men, including Malone Lam and Jeandiel Serrano, were charged in a $265 million cryptocurrency theft ring unsealed on May 15, 2025, mainly involving U.S. Locations.
- The ring operated from October 2023 through March 2025, exploiting social engineering, hacking, and physical burglaries to steal Bitcoin and other assets.
- The group deceived victims by posing as customer support representatives and using spoofed phone numbers to obtain private keys and force resets of two-factor authentication.
- Over 4,100 Bitcoin worth more than $230 million were stolen in an August 18, 2024 attack, with proceeds laundered through mixers, shell companies, and converted into luxury goods and services.
- The ongoing investigation by DOJ and federal agencies highlights increased crypto fraud losses and includes arrests in California, with two suspects believed to reside abroad.
17 Articles
17 Articles
U.S. DOJ Charges 12 With $263M Crypto Theft Linked to Genesis Creditor
U.S. Department of Justice (DOJ) has charged 12 individuals for stealing over $263 million in crypto. The individuals are linked to an earlier investigation where scammers were able to siphon off over $243 million from a Genesis creditor. According to blockchain sleuth ZachXBT, last year one of the creditor of defunct trading firm Genesis was spoofed by a group of scammers, who were able to steal $243 million worth of digital assets and then red…
Twelve Defendants Charged in Massive $263 Million Crypto Scheme
The defendants, a mix of Americans and foreign nationals, are accused of running a cyber-enabled racketeering conspiracy that spanned the United States and overseas. The criminal enterprise, which allegedly started in October 2023, is believed to have been facilitated by friendships formed through online gaming platforms. Defendants Face Multiple Charges The indictment includes charges of RICO conspiracy, wire fraud, money laundering, and obstru…
Violent crypto robberies on the rise: Six attacks that targeted investors
As cryptocurrency gains in popularity and price, some criminals are taking to violent measures to steal funds from high-profile crypto holders.Jameson Lopp’s GitHub repository, which logs such incidents, has recorded 22 “$5 wrench” attacks on crypto holders in 2025 alone. The moniker comes from the crude and violent methods perpetrators use to compel crypto holders to hand over their bags. In many cases, local law enforcement can intervene befor…
12 more charged in $263M crypto theft and RICO conspiracy
12 more individuals have been charged in a RICO crypto theft case that allegedly netted over $263 million. A four-count superseding indictment unsealed this week in the U.S. District Court have added twelve new defendants to the RICO (Racketeer Influenced…
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