12 more charged in $263M crypto theft ring that blew it on booze and cars

Another 12 people were charged with involved in $ 263 million for a crypto crime that stole 4,100 bitcoins from the Genesis creditor last August, along with a range of burglary and money laundering.

12 new names included in the replacing indictment fees Originally raised against the main defendant in the case of Malone Lam, September 19, 2024, the Ministry of Justice note In a statement on May 15th.

Jeandiel Serrano was appointed defendants in the initial accusation, but was not included in the replaced.

He said that several defendants were arrested, while the other two are considered living in Dubai.

Many suspects, with aliases like “Goth Ferrrari” and “Accountants”, come from California, mostly aged 18 to 22 years.

The group allegedly started to operate in October 2023, evolved from friends and played online games on what it describes as participation in “conspiracy with the support of cyber blackmail”.

Hacking, burglary and washing

He said that group members were commissioned by everything from hacker databases, cold calling holders of cryptomics to carry out attacks on social engineer burglary steal Crypto hardware wallets.

Others were involved in the washing of the stolen return, which he claimed to have been $ 263 million.

More than $ 230 million was the result of a single instance of 18th August 2024, when LAM fraudulently received more than 4,100 bitcoins (BTC) Since the victim.

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He said that LAM also penetrated the iCloud account of other victims to watch their movements, while the defendant Marlon Ferro would penetrate their house to stole the crypto hardware wallets.

Virtual private networks, The protocols of the crypto blender And exchanges using “peel -collisions” were used to make it difficult to trace illicit activity, said. The peel chain is a money -laundering tactics Where the crypto is transferred through a number of wallets, with a small amount of funds “peeling” at every step.

They were accused of Rico (a rocket affected and corrupt organizations) as well as offenses related to fraud with wires and money laundering.

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Members of the theft of theft reportedly used revenues to pay for nightclubs – at night they cost up to $ 500,000 – 28 exotic cars as expensive as $ 3.8 million, except for luxury handbags, watches and clothing.

Houses and nozzles were even rented with false identities to finance their rich lifestyle, he noted the milk.

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