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The FBI arrested two men on charges of conspiring to steal and launder more than 4,100 BTC (over $230 million at the time) from an unnamed victim in the US capital. On-chain detective ZachXBT took part in the investigation.
According to him, on August 19, Malone Lam and Jandiel Serrano attacked the lender of the bankrupt crypto lending platform Genesis.
Using a fake phone number, they introduced themselves as Google support to compromise the victim's personal accounts. Then, under the guise of support managers of the Gemini exchange, they reported that his account had been hacked and convinced him to reset two-factor authentication before sending funds to a supposedly secure wallet.
At the request of the attackers, the user launched a screen demonstration, with the help of which the hackers obtained access keys to the bitcoin wallet.
X.com In addition to the two defendants mentioned in the indictment, ZachXBT identified a third suspect under the pseudonym Wiz.
x.com
The three accomplices divided the stolen amount among themselves, later distributing it to dozens of exchanges and exchanging it for Litecoin, Ethereum and Monero.
The path of stolen cryptocurrency
A subsequent investigation revealed that a group of Ethereum addresses associated with Serrano and Wiz have received more than $41 million from the two exchanges in recent weeks.
The hackers spent the stolen funds on travel, nightclubs, cars, watches, jewelry, designer bags and renting houses in Los Angeles and Miami.
With the assistance of security researchers and the Binance exchange, law enforcement officers managed to block more than $9 million in the wallets of the attackers. Another $500,000 was returned during the investigation.
(c) ForkLog
According to him, on August 19, Malone Lam and Jandiel Serrano attacked the lender of the bankrupt crypto lending platform Genesis.
Using a fake phone number, they introduced themselves as Google support to compromise the victim's personal accounts. Then, under the guise of support managers of the Gemini exchange, they reported that his account had been hacked and convinced him to reset two-factor authentication before sending funds to a supposedly secure wallet.
At the request of the attackers, the user launched a screen demonstration, with the help of which the hackers obtained access keys to the bitcoin wallet.
X.com In addition to the two defendants mentioned in the indictment, ZachXBT identified a third suspect under the pseudonym Wiz.
x.com
The three accomplices divided the stolen amount among themselves, later distributing it to dozens of exchanges and exchanging it for Litecoin, Ethereum and Monero.
The path of stolen cryptocurrency
A subsequent investigation revealed that a group of Ethereum addresses associated with Serrano and Wiz have received more than $41 million from the two exchanges in recent weeks.
The hackers spent the stolen funds on travel, nightclubs, cars, watches, jewelry, designer bags and renting houses in Los Angeles and Miami.
With the assistance of security researchers and the Binance exchange, law enforcement officers managed to block more than $9 million in the wallets of the attackers. Another $500,000 was returned during the investigation.
(c) ForkLog
