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May 26, 2025

Major Cybercrime Ring Indicted for $263 Million Cryptocurrency Theft

Justice.gov
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Contributed by: Drex DeFord
Summary
A recent indictment has charged 12 individuals, both American and foreign, with involvement in a cyber-enabled racketeering conspiracy that allegedly generated over $263 million through cryptocurrency theft, money laundering, and home break-ins. The unsealed indictment details a complex operation beginning in October 2023, with roles including hackers and manipulators who leveraged online gaming friendships to access sensitive information from victims. Key incidents include the theft of over 4,100 Bitcoin valued at over $230 million from a victim in Washington, D.C. Some defendants were arrested in California, while two are believed to be in Dubai, and charges include RICO conspiracy and obstruction of justice.

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