Man Who Went By ‘Shrek’ Pleads Guilty to Helping Steal $263 Million in Crypto

In brief

  • The eighth member of an alleged cybercrime ring pleaded guilty.
  • Kunal Mehta was involved in money laundering, with a focus on exotic cars.
  • He was the oldest co-defendant charged in the case.

U.S. prosecutors notched their latest victory against members of an alleged cybercrime ring on Tuesday, highlighting a guilty plea from an individual operating under the guise of Shrek.

Kunal Mehta, a 45-year-old based in California, admitted to a conspiracy charge under the Racketeer Influenced and Corrupt Organizations (RICO) Act, as well as helping launder at least $25 million in crypto, the Justice Department said in a press release.

The individual used several pseudonyms, according to authorities, which weren’t limited to the classic…

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