Burglar Jailed for Role in US$250m Crypto Theft Ring Allegedly Led by Singaporean Malone Lam

$250M crypto-robbing gang’s dirty work guy sentenced to 6.5 years behind bars

A 20-year-old described as a cybercriminal organization’s "last resort" for cryptocurrency thefts will now serve a 78-month sentence for his role in a $250 million scheme. Marlon Ferro, of Santa Ana, California, was a member of what prosecutors called a social engineering enterprise (SEE) consisting of at least 12 other individuals, and was tasked with traveling across the US and physically stealing what other members couldn’t through online fra…

Crypto Burglar Who Broke into Homes to Steal Hardware Wallets Gets 78 Months

A 20-year-old California man has been sentenced to six and a half years in federal prison for his role in a crypto theft ring that defrauded victims of more than $250 million. Marlon Ferro, of Santa Ana, known online as “GothFerrari,” was sentenced to 78 months in prison alongside three years of supervised release and $2.5 million in restitution, the US Attorney’s Office for the District of Columbia said Wednesday. Ferro pleaded guilty in Octobe…

Miami Club Scene Plays Key Role in Unmasking $230M Theft Crypto Suspect

Miami's Malone Lam blew $230 million in stolen Bitcoin on 30 exotic cars and $500K club nights until crypto investigator @zachxbt tracked him down and tipped off the FBI.

Crypto gang member gets 6.5 years for role in $230 million heist

A 20-year-old California man was sentenced to 78 months in prison for serving as a home invader and money launderer in a criminal ring that stole over $250 million in cryptocurrency.

Burglar jailed for role in US$250m crypto theft ring allegedly led by Singaporean Malone Lam

Marlon Ferro also arranged to buy and send luxury handbags for Malone Lam’s girlfriend after the latter was detained by authorities.

Hardware Wallet Thief Gets 78 Months in Prison Over $250M Crypto 'Heist'

‘GothFerrari’ was sentenced for his part in a criminal enterprise that stole crypto through social engineering and physical break-ins.