FBI Arrests 2 Men Who Plan ‘Violent’ Bitcoin Heist Worth Millions of Dollars – They Face 20 Years in Jail CryptoBlog

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The Federal Bureau of Investigation (FBI) has arrested two men who participated in “a violent plan to break into a family’s home in the middle of the night” to steal bitcoins worth tens of millions dollars,” according to the US Department of Justice. . They could go to prison for 20 years.

2 men accused of planning to steal bitcoins

The US Department of Justice (DOJ) on Friday announced the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a “plan to commit robbery with home invasion for tens of millions of dollars in bitcoin”.

The Federal Bureau of Investigation (FBI) arrested the two men Thursday in Virginia.

US Attorney Damian Williams detailed:

The defendants participated in a violent plan to break into a family’s home in the middle of the night and force its residents to provide the code to what the defendants believed to be tens of millions of dollars in bitcoin.

According to the court document, the defendants participated in the plan from May 18 to May 24, 2020, “to break into a house in Irvington, New York and rob its residents of cash and cryptocurrency.” .

At the time of the planned home invasion, bitcoin was trading at around $10,000 per coin. BTC peaked at an all-time high of $68,892 in November 2021. It has since lost value and is currently trading at $20,892.

The Department of Justice described:

Pineda, 21, of Manassas, Va., and Morgan, 21, of Centreville, Va., are each charged with conspiracy to commit robbery under the Hobbs Act, contrary to 18 USC § 1951, which carries a maximum of 20 years in prison.

Hobbs Law defines theft as unlawfully taking another person’s property “by means of actual or threatened force”.

What do you think of this case? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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