#btcstolen Bitcoin RICO: Feds say $265 million crypto theft ring blew $13M on exotic cars, nightclubs Federal prosecutors in Washington, D.C., have charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds.

More than $265 million in crypto was stolen from the victims, according to a superseding indictment.

One of the defendants, Malone Lam, was previously charged in connection with the largest of those thefts, which netted about $245 million in crypto from a man in D.C.