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The Ministry of Justice of the US (DO) was charged a dozen Americans and foreign nationals for engaging in an online conspiracy that recorded a cryptocurrency worth $ 263 million involved in a crime system, as stated in a press release on May 15.
Federeals say that cheaters cheated on millions in the crypt
According to a press release on Thursday From the Office of the United States law firm for the Columbia district, they are defendants – all who are listed aged 18 to 21, except one – Rico conspiracy fees, plotting for committing wires, money laundering and justice obstacle.
Another 12 defendants of the defendants of the Rico plot for more than $ 263 million theft of cryptocurrencies, money laundering, home burglary
https://t.co/5jpyk1xn6a@USATTYPERO @Fbiwfo @IRS_CI @Fbilosangeles @Fbimiamifl pic.twitter.com/wlp84c0bzp
– Ustornee DC (@usa_dc) May 15, 2025
Federal prosecutors claim that alleged crime that was at the forefront of 20 -year -old Malone Lam, Picked -oriented cyber attacks In an effort to throw illegal digital assets from the online databases.
“Members of the company had different obligations,” said on Thursday. “Different roles were hackers of databases, organizers, target identifiers, callers, money laundering, and residential thieves focused on hardware virtual currency wallet.”
The alleged crypto criminal ring spent stolen funds on a rich lifestyle
Allegedly crypto criminals transformed Stolen digital assets into the currency Fiat And he used the funds to buy “Night Club services ranging up to $ 500,000 per evening” and “luxury handbags awarded in tens of thousands of dollars at night club parties”.
The defendants also bought “luxury watches worth between $ 100,000 and $ 500,000, luxury clothing awarded in tens of thousands of dollars, house rentals in Los Angeles, Hamptons and Miami, private rental nozzles, a team of private safety guards and fleets at least 28 exotic cars worth $ 100.”
“Members of the corporate washing of stolen cryptocurrencies are proceeding by moving funds through various mixers and exchanges using” Peel Chains “, passable wallet and virtual private networks to mask their real identities,” says the press release.
The prosecutors claim that LAM continued to cooperate with members of the company focused on digital asset to collect gifts, get stolen crypto and buy luxury goods for his girlfriend based in Miami.
It is not clear how long the accused could spend on bars if it is found guilty, but it will largely be determined by federal instructions for convictions.
Contribution Krypto Rings Doing Busts: 263 million dollars rico fraud Supercars, 500,000 parties He appeared for the first time Cryptonews.
