Doj calculates USD Crypto Crime Ring, which has issued millions in night clubs

In connection with a cyber criminal ring, US prosecutors have accused 12 more people who allegedly stole more than 263 million dollars of crypto by a highly developed social engineering and hacking operation and spent the proceeds from expensive cars, night club blowuts and luxury goods.

The FeesOn Thursday in an indictment against Malone Lam (20) and Jeandiel Serrano (21), the US public prosecutor's office for the District of Columbia, the FBI and IRS penal track were not sealed on Thursday. Serrano is not in the new indictment.

In addition to LAM, the new suspects include both US citizens and foreigners, with arrests in California and arrest warrants that were issued for two people, which are believed to be in Dubai.

Everyone is between 18 and 21 years old, although two defendants are not known beyond their online monikers.

Of the thirteen years, twelve defendants are charged with rico conspiracy, nine have an additional indictment for conspiracy to wash money instruments, and eight conspiracy costs to commit cable fraud.

One last defendant, 19-year-old John Tucker Desmond, is charged with the disability of the judiciary for the destruction of evidence.

The case is in the middle of a broader increase in cybercrime. The FBI's Internet Crime Complaint Center reported a crime loss of 16.6 billion US dollars in 2024, which rose compared to 33% of the previous year.

Crypto affected fraud formed an important part with 149,686 complaints. Lost funds in total More than 9.3 billion US dollars of losses, 66% compared to 2023.

Spree

After IndictmentThe group operated at least October 2023 to March 2025 and initially connected to online gaming platforms.

The members took over various roles, from database hackers and target identifiers to calls that pretend to be supporting agents to exceed victims and laundry that converted stolen crypto into cash.

The 19-year-old group member Marlon Ferro, 19, carried out physical break-ins to steal crypto money exchanges, including a break-in in a house in New Mexico.

The accused is also accused of having washed funds by mixers, shell chains, VPNS and Shell companies.

Money was used for the purchase of at least 28 exotic cars-cleaned up to $ 3.8 million in private jet rentals, several nightclub tabs with half a million dollars and sent Hermes bags of friends.

According to reports, Bulk Cash was hidden in filled Squishmallows, a popular Soft Toy brand.

Members of the group rented luxury houses in the Hamptons, Los Angeles and Miami and hired private security officers.

The prosecutors said that Lamborghinis, Ferraris, Rolls-Royces, designer clothing and watches, champagne and a yellow teeth grill include confused assets.

The leading accused and the “organizer” Lam allegedly also headed orchestrating in pre -judicial liability and steered employees to deliver luxury goods to their partner.

The investigation remains advanced with the support of FBI offices in Los Angeles and Miami.

Published by Sebastian Sinclair