Massive Crypto Heist: 12 Defendants Charged in $263 Million Scam

A sweeping cyber-enabled racketeering scheme has landed 12 defendants in legal trouble, accused of stealing over $263 million worth of cryptocurrency. The operation, believed to have begun in October 2023, involved individuals from across the US and abroad, with connections forged through online gaming platforms. Authorities say this group used a sophisticated network of hackers, organizers, target identifiers, and burglars to steal cryptocurrencies from victims. Once obtained, these virtual currencies were laundered and repurposed for extravagant purchases.