According to WuSay, the U.S. Department of Justice announced RICO conspiracy charges against 12 defendants, involving more than $263 million. The suspects obtained cryptocurrency database information through hacking and screened targets.
They pretended to be bank or exchange staff to carry out telephone fraud and converted the proceeds into cash or luxury goods through money laundering networks. The main suspect Malone Lam is suspected of defrauding more than 4,100 bitcoins and continued to commit crimes through accomplices after his arrest.
