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DOJ Charges 12 More Defendants in $263M Crypto Heists

The 'cyber-enabled racketeering conspiracy' had stolen $243M from a single Genesis creditor.
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May 16, 2025 • 1 min read

The DOJ unsealed an indictment against 12 individuals for stealing $263M in crypto using sophisticated cybercriminal tactics, including hacking, social engineering, and laundering stolen funds through mixers and fake identities.

What’s the Scoop?

  • Extensive Crypto Theft: The DOJ indicted 12 individuals, both U.S. citizens and foreign nationals, for their roles in a racketeering enterprise that stole $263 million worth of cryptocurrency through hacking, social engineering, and direct theft of hardware wallets.
  • Sophisticated Laundering: Defendants used mixers, peel chains, and shell companies to launder stolen funds, showcasing increasing sophistication in crypto-related crimes.
  • Extravagant Spending: The stolen funds were used for luxury goods, including exotic cars, watches, private jet rentals, and real estate in high-end cities, drawing attention to reckless spending habits within criminal groups.

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