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Crypto CEO on the run after allegedly stealing 1,800 BTC and 28,000 ETH

The CEO of a cryptocurrency firm, Horst Jicha, has gone on the run after tampering with his ankle tag. Jicha, a German citizen, was accused of stealing over $170 million worth of bitcoin and ether through his alleged multi-level marketing scheme, USI-Tech. Previously arrested during a vacation in Miami, Jicha was charged with money laundering, wire fraud conspiracy, and securities fraud. He was released on bail but is now in violation of his pretrial conditions. Prosecutors have obtained an arrest warrant and are searching for him.

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