FBI Arrests 2 Males Planning ‘Violent’ Theft of Bitcoin Price Thousands and thousands of {Dollars} — They Face 20 Years in Jail

The Federal Bureau of Investigation (FBI) has arrested two males who participated “in a violent

The Federal Bureau of Investigation (FBI) has arrested two males who participated “in a violent plan to interrupt right into a household’s residence in the midst of the evening” to steal bitcoin value tens of tens of millions of {dollars},” in line with the U.S. Division of Justice. They might go to jail for 20 years.

2 Males Charged for Planning to Steal Bitcoin

The U.S. Division of Justice (DOJ) introduced Friday the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a “plan to commit residence invasion theft for tens of tens of millions of {dollars} in bitcoin.”

The Federal Bureau of Investigation (FBI) arrested the 2 on Thursday in Virginia.

U.S. Lawyer Damian Williams detailed:

The defendants participated in a violent plan to interrupt right into a household’s residence in the midst of the evening and pressure its residents to offer the code to what the defendants believed was tens of tens of millions of {dollars} in bitcoin forex.

Based on the courtroom doc, the defendants participated within the plan from Could 18 to Could 24, 2020, “to interrupt into a house in Irvington, New York and rob its residents of money and cryptocurrency.”

Across the time of the deliberate residence invasion, bitcoin was buying and selling at about $10,000 per coin. BTC peaked at an all-time excessive worth of $68,892 in November 2021. It has since dropped in worth and is presently buying and selling at $20,892.

See also  BTC’s Decrease Value Shrinks Bitcoin Mining Income, Hashrate Stays Unaffected

The Justice Division described:

Pineda, 21, of Manassas, Virginia, and Morgan, 21, of Centreville, Virginia, are every charged with conspiracy to commit Hobbs Act theft, in violation of 18 U.S.C. § 1951, which carries a most time period of 20 years in jail.

The Hobbs Act defines theft as unlawfully taking one other particular person’s property “via precise or threatened pressure.”

What do you consider this case? Tell us within the feedback part under.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any harm or loss precipitated or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.