Veer Chetal, 19, pleaded guilty to stealing $245 million in Bitcoin from a Genesis creditor. Though initially released on bond after agreeing to cooperate with authorities, he was rearrested for allegedly orchestrating a new $2 million crypto scam. Chetal reportedly used social engineering to steal a victim’s wallet seed phrase, transferring funds to gambling sites and an anonymous exchange. Investigators traced activity back to his home. A judge denied bond, citing flight risk, as Chetal lacks U.S. citizenship and planned to flee to India or Dubai. The case remains ongoing.

Source: https://storage.courtlistener.com/recap/gov.uscourts.dcd.274568/gov.uscourts.dcd.274568.32.0.pdf