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A group of young people faces federal charges for allegedly stealing more than $ 263 million in cryptocurrencies and spend money on expensive cars, parties and high -end items.
US authorities announced charges against 12 new people On May 15, appoint Malone Lam in an accusation of four positions.
Most of the defendants are between 18 and 21 years old. Some are US citizens, while others are foreign citizens. It is believed that two of them are in Dubai, and some are known only for their online user names.
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The charges include Conspiracy under organized crime, electronic fraud and money laundering. A member, John Tucker Desmond, is accused of destroying evidence to interfere with the investigation.
According judicial documentsThe group was formed around October 2023 after gathering on game platforms. Each person had a different role: some pirated databases, others pretended to be the support staff to deceive the victims, and some helped move the robbed cryptography to cash.
According to reports, the group He used a variety of tools to hide his activityincluding VPN, currency mixers and false companies. They used the money for personal use, reserve private flights to reaction, buy at least 28 luxury cars, rent faces and spend large quantities in clubs. Part of the cash was hidden inside the teddy toys during transport.
The authorities also reported that LAM He continued instructions to others while he was in custodyeven tell someone to deliver luxury articles to your partner. The research is ongoing, with the help of FBI teams in Los Angeles and Miami.
On May 14, the authorities in Europe arrested 17 people for operating a cryptography -based network that washed more than $ 23 million. How did the case develop? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
Aaron is the reference person for everything and anything related to digital currencies. With a great passion for blockchain & web3 education, Aaron strives to transform the space as we know it and make it more accessible to complete beginners.
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