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A dozen other suspects were added in an enormous crypto theft. Based on reports, the brand new names Malone Lam join, which was first charged on September 19, 2024. You have now charged 4,100 Bitcoin and washed around 263 million US dollars last August.
The group faces the extortion fees of the federal government
According to the Ministry of Justice, the costs brought in on May 15, 2025 add 12 people to the unique case against LAM. All come from California and most are between 18 and 22 years old.
An earlier defendant, Jandiel Serrano, was fallen from the updated submission. The doj says that a few of these defendants are behind bars, while two are assumed that they live in Dubai.
Additional 12 defendants who’re charged with rico conspiracy for over $ 263 million for cryptocurrency thefts, money laundering, house breaks
🔗https: //t.co/5jpyk1xn6a@usattypirro @irs_ci @fbilosangeles @fbimiamifl pic.twitter.com/wlp84c0bzpp
– US lawyer DC (@usao_dc) May 15, 2025
Online games for the theft of real world
Based on reports, this ring began as a bunch of friends who played online video games in October 2023. Then they switched to Hacking databases and cold calls to get Krypto owners handy over access.
According to investigators, Lam even hacked the iCloud of a victim to pursue her movements, and a partner named the nickname “The Accountant” or “Goth Ferrari” in houses to steal hardware letters.
Crypto and cybercrime increase. Image: rdaniluk/stock.adobe.com
Bitcoin & money laundering network exposed
The DOJ says that the stolen proceeds -more than 230 million US dollars from a single incident on August 18, 2024 -was led by VPNS, KRYPTO mixer and peel -chain tactics.
A peel chain causes the funds to be moved by many wallets and pull off small quantities every time. These steps made it harder for law enforcement agencies to pursue the cash, said officials.
Wanted expenses for stolen agents
Based on reports, the suspects have gone the profits against high -end -nachtleben, exotic cars and luxury goods. They spent as much as 500,000 US dollars in clubs in a single night.
They rented 28 exotic cars – some value 3.8 million US dollars – and purchased designer bags, watches and clothing. Fake IDs were used to rent houses and personal jets, all of which were paid for with the stolen Bitcoin.
Total Crypto market capitalization at 3.28 trillion dollars within the Daily diagram: tradingview.com
A growing emphasis on crypto safety
This case shows how quickly technical young people can turn into criminals. It indicates that hardware money exchanges require good physical security and that digital accounts must use greater than SMS authentication with several aspects.
Krypto owners have to be careful before not allocated support calls and services that block iCloud and e -mail accounts.
Next steps in law enforcement
All accused are charged under Rico and the accusations of wire fraud and money laundering are charged. Court files show that they may get in prison for a long time in the event that they are convicted.
The DOJ says that this overwriting charges sends a transparent message: Regardless of how complex the system is, law enforcement can break apart.
Selected picture of Outseeer, Diagram from Tradingview
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