$USDC 【U.S. Department of Justice Charges 12 Individuals in $263 Million Cryptocurrency Fraud Case, One Victim Lost 4,100 Bitcoins】 The U.S. Department of Justice has charged 12 defendants for their involvement in a $263 million cryptocurrency fraud and money laundering scheme. Most members of the criminal group are young individuals who initially met through online gaming and later stole victims' crypto assets through methods such as hacking, social engineering, and burglary. One victim lost approximately 4,100 bitcoins, valued at about $230 million. To cover up their illegal gains, the suspects stuffed large amounts of cash into Squishmallows plush toys and mailed them to each other through the U.S. Postal Service. The main suspects include 20-year-old Malone Lam (also known as 'King Greavys'), 19-year-old Marlon Ferro ('GothFerrari'), and 21-year-old Conor Flansburg ('Green Room'). According to allegations, they spent $500,000 in a single night at a nightclub and owned private jets and luxury cars worth millions of dollars. Currently, some suspects have been arrested in the U.S., while two others are reportedly residing in Dubai. (DL News)