Feds end Bitcoin bandits’ luxury life fueled by $230M crypto scam
The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife.
United States federal agents have arrested and indicted two men for stealing a whopping $230 million of Bitcoin from a Washington, DC resident, believed to be a creditor of Genesis.
On Sept. 19, the US Attorney’s Office for the District of Columbia reported that two young men, Malone Lam (20) and Jeandiel Serrano (21), were arrested and charged with conspiracy to steal and launder over 4,100 BTC worth $230 million at the time from an unnamed victim in the country’s capital.
The pair used several online aliases and sophisticated methods to gain access to the victim’s accounts, transfer funds, and launder the proceeds from at least August 2024.
The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife.
United States federal agents have arrested and indicted two men for stealing a whopping $230 million of Bitcoin from a Washington, DC resident, believed to be a creditor of Genesis. On Sept. 19, the US Attorney’s Office for the District of Columbia reported that two young men, Malone Lam (20) and Jeandiel Serrano (21), were arrested and charged with conspiracy to steal and launder over 4,100 BTC worth $230 million at the time from an unnamed victim in the country’s capital. The pair used several online aliases and sophisticated methods to gain access to the victim’s accounts, transfer funds, and launder the proceeds from at least August 2024. Read more