CandleFocus Police Arrests Two People Related to $243M Crypto Heist Targeting Genesis Creditor
2024-09-19
Author: Content Editor
Summary:
Two individuals have been arrested in connection with the theft of $243 million from a creditor of Genesis, a defunct trading firm. The theft occurred after the creditor was deceived by a social engineering scam, resulting in the funds being sent to compromised wallets and then distributed across multiple exchanges. A portion of the stolen funds was used to purchase luxury goods, leading to the identification and freezing of over $9 million. The FBI raided a home in Miami, and it is reported that one of the cybercriminals was arrested in Los Angeles.
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