Deep Tide TechFlow News, on May 16, the U.S. Department of Justice announced yesterday (May 15) an indictment with four charges against 12 U.S. and foreign citizens, accusing them of participating in a transnational cybercrime group that illegally acquired over $263 million in cryptocurrency through hacking, social engineering scams, and home burglaries.

The crime group started in October 2023, and members met on online gaming platforms, with clearly defined roles: including database hackers, scam callers, money launderers, and residential burglars. The stolen funds were used extravagantly, including nightclub spending of $500,000 in a single night, luxury goods worth millions, and 28 luxury cars valued at up to $3.8 million.