DOJ Charges 12 With $263M Crypto Theft Linked to Genesis Creditor

DOJ Charges 12 With $263M Crypto Theft Linked to Genesis Creditor


U.S. Department of Justice (DOJ) has charged 12 individuals for stealing over $263 million in crypto. The individuals are linked to an earlier investigation where scammers were able to siphon off over $243 million from a Genesis creditor.

According to blockchain sleuth ZachXBT, last year one of the creditor of defunct trading firm Genesis was spoofed by a group of scammers, who were able to steal $243 million worth of digital assets and then redirect it through crypto mixers.

STORY CONTINUES BELOW

Trending: President Trump Reveals Touching Reason He Was In Such A Hurry To Leave UAE

Several of the individuals charged, which includes U.S. nationals and foreign, were arrested in California this week, the DOJ said in a press release on Thursday. The remaining two individuals live abroad.

The charges on the individuals range from racketeering, wire

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!