Global Stock News

Crypto Burglar ‘GothFerrari’ Sentenced After $250M Theft Ring Targeted US Victims

Crypto Burglar ‘GothFerrari’ Sentenced After $250M Theft Ring Targeted US Victims


Federal prosecutors said Ferro burglarized homes to steal hardware wallets when online crypto scams failed to access victims’ funds.

The US Department of Justice announced that 20-year-old Marlon Ferro of Santa Ana has been sentenced to 78 months in prison for his role in a large-scale cryptocurrency theft and social engineering conspiracy that stole more than $250 million from victims across the country.

Ferro, who also used the alias “GothFerrari,” pleaded guilty in October 2025 to conspiracy to participate in a racketeering enterprise.

Crypto Burglary Operation

In addition to the prison sentence, the court ordered him to serve three years of supervised release and…

Source link

Share this article

Scroll to Top