American Convicted for Cryptocurrency Home Invasions Across Multiple States
In Greensboro, North Carolina, a federal jury has convicted a 24-year-old man from West Palm Beach, Florida, for leading a series of violent home invasions aimed at stealing victims’ cryptocurrency holdings.
The verdict, delivered on June 25, followed a trial revealing his role in a conspiracy targeting U.S. citizens for their digital assets.
Authorities described the crimes as motivated by greed, involving physical violence, kidnapping, and intimidation across multiple states including North Carolina, Florida, Texas, and New York between December 2022 and July 2023.
The FBI’s investigation, supported by local law enforcement, uncovered the gang’s use of sophisticated laundering methods and encrypted communication to cover their tracks.
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Executive Assistant Director Timothy Langan of the FBI’s Criminal, Cyber, Response, and Services Branch underscored the significance of the conviction in deterring similar criminal activities.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
