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Man whose parents were kidnapped after $245M Bitcoin theft has pleaded guilty to federal charges

  • Chetal pleaded guilty to federal charges related to the $245 million Bitcoin theft and agreed to cooperate with federal authorities investigating the case.
  • Chetal faces 19 to 24 years in prison and fines between $50,000 and $500,000, according to federal sentencing guidelines.
  • Federal agents raided Chetal's apartment and seized $39 million worth of cryptocurrency he handed over.
  • Chetal's parents were kidnapped a week after the theft, and federal authorities indicated that he might face deportation due to his criminal case.
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Man whose parents were kidnapped after $245M Bitcoin theft has pleaded guilty to federal charges

A Connecticut man whose parents were kidnapped after he took part in a $245 million Bitcoin theft has pleaded guilty to fraud and money laundering conspiracy charges and has agreed to testify against his co-defendants.

·United States
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The Business Journal broke the news in on Friday, June 20, 2025.
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