The U.S. Department of Justice (DOJ) has indicted twelve individuals for their alleged involvement in a sprawling cryptocurrency theft that yielded over $263 million. The indictment outlines the actions of this group, dubbed ‘cyber-enabled racketeering,’ as they targeted a Genesis creditor’s assets in August 2024. This heist included a significant portion of funds, worth over $230 million, stolen from their iCloud account and facilitated by another defendant who broke into the victim’s home to seize cryptocurrency hardware wallets. The group’s activities spanned from social engineering scams and hacking databases to physical burglaries designed to steal cryptocurrency devices.
The DOJ revealed additional details of the operation: several suspects have been apprehended, with two believed to be residing in Dubai. Most members, aged between 18 and 22 and operating online using aliases like