In brief
- Marlon Ferro, known as “GothFerrari,” received a 78-month federal prison sentence after pleading guilty to racketeering conspiracy charges.
- Ferro broke into victims’ homes in Texas and New Mexico to steal hardware wallets when digital theft attempts failed.
- The criminal enterprise stole more than $250 million in cryptocurrency between late 2023 and early 2025, according to prosecutors.
A 20-year-old California man was sentenced to 78 months in federal prison Wednesday for his role in a criminal enterprise that prosecutors say stole more than $250 million in cryptocurrency.
The enterprise operated for over a year between late 2023 and early 2025, using social engineering schemes to manipulate victims into revealing access to…
