Odaily Planet Daily News According to CNBC, federal prosecutors in Washington, D.C. have charged 13 men with conspiring to carry out a widespread scheme aimed at identifying victims holding large amounts of cryptocurrency, stealing these assets, and then laundering the proceeds. According to an alternative indictment obtained by CNBC on Thursday, the cryptocurrency stolen from the victims in this case is worth over $265 million. The gang of 13 includes both Americans and foreigners who extravagantly spent after stealing the crypto assets, including $9 million on luxury cars, $4 million on nightclubs, and multiple rental properties. One of the defendants is 20-year-old Singaporean Malone Lam, who was previously arrested and charged in connection with one of the largest thefts, which stole approximately $245 million in Bitcoin from a man in Washington, D.C. in mid-August. The indictment states that Lam used this money to purchase over 30 luxury cars, including Ferraris, Lamborghinis, a Mercedes G-Wagon, a Rolls Royce, a McLaren, and a Pagani. He is also accused of purchasing a watch worth $2 million.

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