The US Department of Justice (DOJ) will be charged by 12 individuals for stealing more than $ 263 million in crypto. Individuals have been linked to an earlier investigation in which scammers have been able to stop over $ 243 million from a lender of Genesis.
According to Blockchain Sleuth ZachXBT, last year one of the defunct trading trading firm Genesis was a group of scammers, who was able to steal $ 243 million worth of digital assets and then redirected it through crypto mixers.
Many of the individuals charged, which include U.S. citizens and foreigners, have been arrested in California this week, the DOJ said in a press release on Thursday. The remaining two individuals live abroad.
The charges of individuals range from racketeering, wire fraud to money losses, and barriers of justice.
Read more: Police arrested two people related to $ 243m crypto heist targeting Genesis Creditor
Social engineering scams are increasingly used by scammers to steal crypto. Scammers get some personal information and then deceive the user to send them their crypto.
On Thursday, Coinbase announced that scammers were able to bribe some of their employees abroad and stole important user data from their database. The exchange expects users willingly to pay between $ 180 million to $ 400 million For breaking the data.
Read more: Coinbase can pay customers up to $ 400m for breaking the data
The U.S. Department of Justice (DOJ) will be charged with 12 additional individuals in a racketeering conspiracy involving more than $ 263 million in crypto fraud, money laundering, and home breaks. Individuals have been linked to an earlier investigation in which scammers have been able to stop over $ 243 million from a lender of Genesis. According to Blockchain Sleuth ZachXBT, last year one of the defunct trading trading firm Genesis was a group of scammers, who was able to steal $ 243 million worth of digital assets and then redirected it through crypto mixers. Many of the individuals charged, including the citizens of the United States and foreigners, were arrested in California this week, the DOJ said in a press release on Thursday. The remaining two individuals live abroad. Social engineering scams are increasingly used by scammers to steal crypto. Scammers get some personal information and then deceive the user to send them their crypto. On Thursday, Coinbase announced that scammers were able to bribe some of their employees abroad and stole important user data from their database. The exchange expects users willingly to pay between $ 180 million to $ 400 million for data breach.
