Twelve suspects have been added to the large -scale encryption theft. Based on the report, the new name joined the first Malone Lam on September 19, 2024. There is now a charge of stealing 4,100 Bitcoin in August and laundering about $ 263 million.
The group is faced with allegations of federation
According to the Ministry of Justice, the alternative prosecution filed on May 15, 2025 adds 12 people to the original case of LAM. All are all from California and are mostly between 18 and 22 years old.
The early defendant, JeanDiel Serrano, has fallen from the updated submission. DOJ believes that some of the claims are behind the bar and the two live in Dubai.
12 defendants who were charged with more than $ 263 million in rico conspiracy, money laundering, and home brakes
🔗https: //t.co/5jpyk1xn6a@usattyPirrro @fbiwfo @irs_ci @fbilosangeles @fbimiamifl pic.twitter.com/wlp84c0bzp
-A US lawyer DC (@usao_dc) May 15, 2025
Online game on real theft
Based on the report, the ring started in October 2023 as a friend group who plays online video games. Then I moved to the hacking database and tricked the Crypto holder to pass the access.
According to the investigator, RAM even hacked the victim’s iCloud to track his movement, and a partner nicknamed “accountant” or “Goth Ferrrari” will invade home to steal hardware wallets.
Crypto and cybercrimes are on the rise. Image: rdaniluk/stock.adobe.com
Bitcoin and Money Laundry Network Exposure
DOJ said on August 18, 2024 that the proceeds of more than $ 220 million were stolen through a single incident, which was executed through VPN, encryption mixers and peel chain tactics.
PEEL Chain works with many wallets changing funds and peeling a small amount every time. These measures pointed out that law enforcement agencies have become more difficult to track money.
Luxurious spending on stolen funds
Based on the report, the suspects have gained profits for high -end nightlife, exotic cars and luxury products. They spent $ 500,000 a night in the club.
They rented 28 million exotic cars, each of which each, and bought designer bags, watches and clothes. The fake ID was used to rent a house and a private jet, and it was all paid with the stolen Bitcoin.
Total crypto market cap at $3.28 trillion on the daily chart: TradingView.com
The emphasis on encryption security is growing.
This case shows how fast technical young people can be criminals. Hardware wallets require excellent physical security, indicating that digital accounts need to use multiple element authentication than SMS.
The encryption owner must be careful about the initialized support phone and use a service that locks the iCloud and email accounts.
The next step of prosecution
All defendants are charged according to RICO and Face Counts of Wire Fraud and Money Sailinging. According to the court record, if you are convicted, you may be sentenced to imprisonment for decades.
DOJ said that the alternative prosecution conveys a clear message, no matter how complicated the plan is, the law enforcement agency can separate it.
Outseer’s main image, TradingView chart
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.
