Two Men Arrested for $230 Million Cryptocurrency Theft in Miami

The suspects allegedly laundered stolen Bitcoin through exchanges and mixers to fund a lavish lifestyle.

Malone Lam, 20, and Jeandiel Serrano, 21, were arrested by the FBI for allegedly stealing over 4,100 Bitcoin from a Washington, D.C. victim.
The duo used sophisticated social engineering techniques to gain access to the victim's accounts, including posing as Google and Gemini support.
The stolen cryptocurrency was laundered through various exchanges and mixers, with funds quickly converted between Bitcoin, Litecoin, Ethereum, and Monero.
Authorities traced the laundered funds used to purchase luxury cars, watches, jewelry, and rental homes in Los Angeles and Miami.
Crypto investigator ZachXBT assisted in uncovering the suspects' identities and tracking the stolen funds, leading to the arrests.