CandleFocus 2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says
2024-09-21
Author: Content Editor
Two men, Malone Lam and Jeandiel Serrano, have been charged with stealing $230 million worth of cryptocurrency. They used the stolen funds to go on a spending spree involving travel, nightclubs, luxury cars, jewelry, and rental properties in Los Angeles and Miami. The men disguised their theft by spreading the money between various cryptocurrency exchanges and mixing services. They were arrested by the FBI and charged with wire fraud and money laundering. The victim's identity has not been disclosed, but it is revealed that they had 4,100 Bitcoin at the time of the theft. Cryptocurrency scams have become increasingly prevalent in recent years.
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