đš Breaking News: Two Young Men Arrested for Theft of $230 Million in Bitcoin! đš
- Malone Lam (20) and Jeandiel Serrano (21) are accused of stealing and laundering more than 4,100 BTC from a Genesis creditor in Washington, DC.
- They used multiple aliases and sophisticated methods to access victims' accounts, transfer money, and launder money starting in August 2024.
- The stolen money was used to fund a lavish lifestyle: international travel, luxury cars, watches, designer handbags, and rental properties in LA and Miami.
- Blockchain investigator "ZachXBT" helped crack the case, calling it a "sophisticated social engineering attack."
- Genesis filed for bankruptcy in January 2023 and was approved to repay $3 billion to creditors in May 2024.
- Suspects impersonated Google and Gemini support to trick victims into resetting 2FA and sharing Bitcoin private keys.
- The stolen funds were quickly split and transferred across more than 15 exchanges.
- Over $9 million was frozen and $500,000 was returned to victims.
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