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Crypto Laundering Scheme Involving $230M Heist Uncovered

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1 unique sources, 1 articles

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A 45-year-old California man, Kunal Mehta, has pleaded guilty to laundering at least $25 million stolen in a $230 million cryptocurrency heist. The scheme involved a large group that used social engineering to access victims' accounts between October 2023 and March 2025. The group, which included members from various states and abroad, was involved in organizing, hacking, and stealing funds. Mehta served as a money launderer, creating shell companies to launder funds through bank accounts. The stolen cryptocurrency was used to finance lavish lifestyles, including luxury cars and international travel. The FBI has emphasized the importance of being vigilant against online scams.

Timeline

  1. 19.11.2025 14:13 1 articles · 23h ago

    Crypto Laundering Scheme Involving $230M Heist Uncovered

    A 45-year-old California man, Kunal Mehta, has pleaded guilty to laundering at least $25 million stolen in a $230 million cryptocurrency heist. The scheme involved a large group that used social engineering to access victims' accounts between October 2023 and March 2025. The group, which included members from various states and abroad, was involved in organizing, hacking, and stealing funds. Mehta served as a money launderer, creating shell companies to launder funds through bank accounts. The stolen cryptocurrency was used to finance lavish lifestyles, including luxury cars and international travel. The FBI has emphasized the importance of being vigilant against online scams.

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