Summary
Two men, Malone Lam and Jeandiel Serrano, have been arrested and indicted for allegedly stealing and laundering $230 million in cryptocurrency from a victim in Washington, D.C. The charges stem from a scheme in which they reportedly obtained 4,100 Bitcoin from the individual, leading to their federal court appearances in Florida and California.
The arrests were announced by the Department of Justice, highlighting the increasing scrutiny and legal action surrounding cryptocurrency-related crimes. Lam, a 20-year-old citizen of Singapore residing in Miami and Los Angeles, and Serrano, 21, from Los Angeles, are accused of orchestrating a complex fraud that has drawn significant attention due to the substantial amount of money involved. The case underscores the risks associated with cryptocurrency transactions and the potential for large-scale financial fraud in the digital currency space.
2 men arrested, indicted on charges of stealing, laundering $230M in cryptocurrency
Sep. 20 / Upi “ Sept. 20 (UPI) -- Two men are set to appear in federal court Friday after being arrested on charges of stealing and laundering $230 million in cryptocurrency...
2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says
Sep. 20 / The New York Times “ Malone Lam, 20, and Jeandiel Serrano, 21, schemed to obtain 4,100 Bitcoin from a single victim, federal prosecutors said.