The U.S. Department of Justice (DOJ) has charged 12 additional defendants as part of a conspiracy involved in a $263 million worth of crypto crime. They accused him of working with Malone Lamb, who was arrested last September.
Most of the group’s actions were related to social engineering fraud, but members were also accused of robbery. Additionally, DOJ today sued the charges against Roman Storm, co-founder of Tornado Cash.
DOJs undertake major crypto crimes
As part of regulatory reforms to sweep sweep, the U.S. Department of Justice disbanded its crypto-enforcement squad, reducing the scope of this year’s investigation.
However, as today’s indictment clearly shows, the DOJ is still interested in defeating high-level crypto crimes. The 12 defendants have been charged with many serious crimes.
“(Defendant) is allegedly involved in a conspiracy to cyber-response assault in the US and abroad, which has won more than $263 million.
These defendants are said to be in the league with Malone Lamb, the ringleader of the group who was arrested last September. The DOJ claimed that Ram would organize an entire crime ring, target the victims, employ fraud, wash the money, and more.
The group’s sophisticated money laundering techniques allowed Lamb to continue to benefit after his arrest.
The majority of this $263 million came through similar fraud methods as social engineering. The group systematically stolen and purchased databases of Crypto users, identifying valuable targets and attempting to scam them.
Lamb personally scams $230 million from just one victim. However, the group quickly moved to far more brute-force methods.
Specifically, the DOJ accused of a much more serious crime. To steal a hardware wallet, LAM remotely monitored the target’s iCloud metadata, and a co-conspirator robbed his home.
Unfortunately, violent theft is not unheard of in this industry. Two days ago, a well-known code-inducing took place in France.
The charges were named 10 of the 12 co-defendants, some of whom were arrested. At least two are believed to remain anonymous and live in Dubai.
The DOJ shows resolve on several crypto crimes today. Specifically, it has announced that accusations against Roman Storm, co-founder of Tornado Cash, will actually be sued.
Code enforcement has been somewhat loosened, but the Department of Justice is still determined to indict prominent offenders.
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