12 Defendants Charged Over $263 Million Crypto Theft Scheme

The U.S. Department of Justice has brought charges against 12 individuals accused of a massive cryptocurrency theft scheme exceeding $263 million, employing sophisticated social engineering and hacking tactics. This case, announced in Washington D.C., expands on a previous indictment targeting Malone Lam, highlighting the vulnerabilities of digital currencies to modern-day cybercrime. The charges come as part of ongoing efforts by U.S. authorities to combat financial crime.