Twelve Charged in $263M Global Crypto Cybercrime Ring
7
3
Federal prosecutors unveiled charges against twelve individuals tied to an international cybercrime network accused of stealing over $263 million in cryptocurrency. The operation, active since October 2023, combined social engineering, hacking, and physical burglaries to siphon digital assets, later laundered through intricate financial channels.
The group allegedly financed lavish purchases—including exotic cars and luxury goods—with proceeds from the heist. Members initially connected through online gaming platforms, later formalizing roles within the criminal enterprise. While the indictment did not specify targeted cryptocurrencies, the scale underscores persistent security vulnerabilities in digital asset ecosystems.
By:
Previous
Lightchain AI’s $20M Presale Nears Close as Final Tokens Sell Out
Next
Nvidia Stock Rises on Trump’s Middle East AI Chip Deal and China Expansion Plans
