12 Young Gamers Steal Bitcoin Worth €220 Million in a Single Hack

Twelve young gamers have been charged for stealing €220 million in Bitcoin through hacking and fraud, spending the funds on luxury goods.

gamers-steal-bitcoin-hack
Facebook X LinkedIn Bluesky WhatsApp

The US Department of Justice has charged 12 young gamers for their involvement in an organized cybercrime ring. The group allegedly stole 4,100 BTC, worth hundreds of millions of dollars, from a single victim. The suspects, aged between 18 and 22, are accused of hacking databases, phishing cryptocurrency holders, and even physically stealing hardware wallets. They also laundered the stolen funds using VPNs, crypto mixers, and peel chains to obscure their tracks. The group reportedly spent millions on luxury items, including cars, watches, and real estate.

Related

cambodian-tycoon-crypto-scam-indictment
Crime

Cambodian Tycoon Indicted in $15B Crypto Scam Operation

Cambodian tycoon Chen Zhi indicted for operating forced-labor scam compounds that stole billions through...

goddess-of-wealth-bitcoin-seizure-conviction
Crime

UK Convicts 'Goddess of Wealth' with $6.2 Billion Bitcoin Seizure

Chinese national Zhimin Qian convicted in UK for massive fraud scheme involving 128,000 victims. Police seized...

gamestop-bitcoin-crypto-treasury
Crypto

GameStop Expands Bitcoin Holdings with 4,710 BTC Purchase

GameStop has purchased 4,710 Bitcoin, continuing its crypto strategy after adopting Bitcoin as a treasury reserve...

bitcoin-mtgox-strive-investment
Crypto

Relief: €72.6 Billion in Bitcoin May Not Be Dumped After All

Strive plans to acquire €72.6 billion in bitcoin from Mt. Gox at a discount, aiming to capitalize on unpaid claims...

gamers-steal-bitcoin-hack
Crime

12 Young Gamers Steal Bitcoin Worth €220 Million in a Single Hack

Twelve young gamers have been charged for stealing €220 million in Bitcoin through hacking and fraud, spending the...

bitcoin-headed-to-1-million
Crypto

Withdraw Your Money from the EU, Bitcoin Headed to $1 Million

Arthur Hayes predicts bitcoin will hit $1 million by 2028 due to macroeconomic shifts, urging EU investors to...