On August 19, 2024, Malone and his crew carried out one of the largest crypto heists in history. Their victim, a Genesis creditor holding 4,064 Bitcoins $BTC , never saw it coming. At the time, the stash was worth $238 million. Today, that same haul would be valued at a staggering $468 million.
It began with a series of spoofed support calls. First came a fake Google representative, then someone posing as Gemini staff. Malone’s crew convinced the victim his accounts were compromised, pushing him to reset his two-factor authentication. That small step gave them access to his exchange account and opened the door to something far bigger.
The final blow came when they instructed him to install AnyDesk, a remote access program. Believing it was part of securing his funds, the victim unknowingly exposed his private keys. At 4:05 AM, 4,064 Bitcoins — worth $238 million at the time — disappeared in a single breathtaking transfer. The crew celebrated privately, filming themselves as the fortune hit their wallets.
While others tried to stay quiet, Malone flaunted his wealth. Nights in clubs burned through hundreds of thousands. He bought Birkin bags and handed them to random girls, even gifting a pink Lamborghini to win back his ex. But arrogance left breadcrumbs. By September, federal agents raided his Miami mansion. Malone was arrested, his empire collapsed, and only $9 million of the stolen $238 million was ever recovered.
