Prosecutors charge 13 men in crypto theft ring
Malone Lam, a defendant in a $230 million bitcoin heist, in a booking photo from the Broward County Sheriff’s Office in Florida.
Broward County Sheriff’s Office
Federal prosecutors in Washington, D.C., have charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds.
More than $265 million in crypto was stolen from the victims, according to a superseding indictment obtained Thursday by CNBC.
The participants, Americans and foreign nationals who allegedly became friends on online gaming platforms, are accused of spending lavishly after the thefts, including $9 million on exotic cars and $4 million on nightclubs,…
