Two men have been charged with stealing $230 million worth of cryptocurrency that they used to go on a lavish spending spree involving travelphtaya, nightclubs, luxury cars, jewelry and palatial rental properties in Los Angeles and Miami before they were caught, federal prosecutors said.
The men, Malone Lam, 20, and Jeandiel Serrano, 21, conspired last month to steal the cryptocurrency funds from a person in Washington, D.C., according to the U.S. Attorney’s Office for the District of Columbia.
After disguising their theft by spreading the money between several cryptocurrency exchanges and mixing services, the authorities said, the men went on their spending spree.
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