The $230 million cryptocurrency theft and laundering scam involving a Miami man:
- Suspects Identified: Malone Lam, 20, from Miami, and Jeandiel Serrano, 21, from Los Angeles, have been charged with stealing and laundering over $230 million in cryptocurrency.
- Arrests Made: Both suspects were arrested by the FBI on Wednesday night.
- Aliases Used: Lam, a Singapore citizen, used the online monikers “Anne Hathaway” and “$$$”, while Serrano went by “VersaceGod” and “@SkidStar”.
- Method of Theft: The suspects gained fraudulent access to victims’ cryptocurrency accounts and transferred the funds into their possession.
- Laundering Techniques: They laundered the stolen cryptocurrency through exchanges, mixing services, peel chains, pass-through wallets, and VPNs to mask their identities.
- Major Heist: In one instance, they obtained over 4,100 Bitcoin, valued at over $230 million at the time, from a victim in Washington, D.C.
- Lavish Spending: The laundered funds were spent on international travel, nightclubs, luxury cars, watches, jewelry, designer handbags, and rental homes in Los Angeles and Miami23.
- Ongoing Investigation: The investigation into the scam is still ongoing, with authorities continuing to uncover more details.
- Legal Proceedings: Lam and Serrano are appearing in U.S. District Courts in Florida and California, respectively.
- Public Impact: This case highlights the growing issue of cryptocurrency theft and the sophisticated methods used by criminals to launder stolen funds.
-
33-year-old mortician doesn’t fear death and is ‘wildly happy’ earning $87,000 a year: I haven’t ‘gone home sad a single day’
The first time Victor M. Sweeney observed an embalming, it was for an 18-year-old woman who had died in a car crash just before her high school graduation. At the …
-
All sides claim victory in Georgia election as exit polls give different results
Supporters of the Georgian Dream party celebrate at the party’s headquarters after the announcement of exit poll results in parliamentary elections, in Tbilisi, Georgia October 26, 2024.. Irakli Gedenidze | …
-
Biden says Elon Musk was an ‘illegal worker’ when he began U.S. career
Joe Biden, left, and Elon Musk. Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images. President Joe Biden called out Tesla and SpaceX CEO Elon Musk, now a …
-
39-year-old makes about $18,000 a month in passive income without a college degree: ‘I work only 4 hours a day’
After dropping out of college in 2007, Amy Landino started a side hustle creating videos and doing social media. Ultimately she was able to quit her day job.
-
39-year-old makes about $18,000 a month in passive income without a college degree: ‘I work only 4 hours a day’
After dropping out of college in 2007, Amy Landino started a side hustle creating videos and doing social media. Ultimately she was able to quit her day job.
-
The Washington Post is in deep turmoil as Bezos remains silent on non-endorsement
New York CNN —. One day after The Washington Post announced it would not endorse a presidential candidate in this year’s election or in the future, its billionaire owner remains …