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The U.S. Department of Justice has charged 12 individuals in a $263 million Crypto Assets fraud case.
Gate.io News bot message, the U.S. Department of Justice has filed RICO conspiracy charges against 12 defendants, with the case involving theft of Crypto Assets, Money Laundering, and burglary, with the amount involved reaching $263 million.
Investigations show that criminal gangs use hacking methods to steal information from Crypto Assets databases and conduct phone scams posing as bank or exchange staff. They convert the proceeds of the scam into cash or luxury goods through Money Laundering networks.
The main suspect Malone Lam defrauded over 4,100 coins in the case, and continued to engage in criminal activities through accomplices even after being arrested.
Source: Wu Says