Two suspects were arrested in Miami this week and charged with conspiracy to steal and launder over $230 million in cryptocurrency using crypto exchanges and mixing services. The two defendants, 20-year-old Malone Lam (aka "Greavys," "Anne Hathaway," and "$$$") and 21-year-old Jeandiel Serrano (aka "Box," "VersaceGod," and "@SkidStar") were arrested Wednesday night by FBI agents and appeared in court on Thursday. During a successful attack on August 18, they stole more than 4,100 Bitcoin from a Washington, D.
C., victim (worth more than $230 million at the time). According to court documents , Lam, Serrano, and others allegedly gained unauthorized access to victims' cryptocurrency accounts, transferring funds into crypto wallets under their control before laundering the stolen assets.
They reportedly laundered the stolen cryptocurrency via a combination of crypto mixers and exchanges, using "peel chains" and pass-through wallets, and virtual private networks (VPNs) to hide their identities and locations throughout the scheme. The stolen cryptocurrency was then used to finance lavish lifestyles, with the defendants allegedly spending on international travel, luxury cars, high-end watches, designer handbags, and nightclub outings in Los Angeles and Miami. Exposed after OPSEC blunders, spending spree Crypto fraud investigator ZachXBT, who assisted the official investigators , identified a third alleged conspirator known by the alias "Wiz.
" As he revealed, the group targeted a cre.