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

By: the crypto news wire|2025/05/16 13:15:04

Another 12 people have been charged over a massive crypto theft ring, which at one point stole 4,100 Bitcoin from a single person. Another 12 people have been charged for their involvement in a $263 million crypto crime spree that stole 4,100 Bitcoin from a Genesis creditor last August, along with a string of break-ins and money laundering. The 12 new names, included in a superseding indictment, add to charges originally brought against the main defendant in the case, Malone Lam, on Sept. 19, 2024, the Department of Justice noted in a May 15 statement. Jeandiel Serrano was named a defendant in the initial indictment but was not included in the superseding one. The DOJ said several defendants have been arrested, while two others are believed to be living in Dubai. Read more

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