A Miami man is facing charges after authorities said he teamed up with a California man in a scam to steal and launder over $230 million in cryptocurrency.

Malone Lam, 20, and Jeandiel Serrano, 21, schemed to obtain 4,100 Bitcoin from a single victim, federal prosecutors said.

Two men are set to appear in federal court Friday after being arrested on charges of stealing and laundering $230 million in cryptocurrency from a victim in Washington D.C., authorities announced.

FBI agents arrested a South Florida man after accusing him of conspiring to steal and launder more than $230 million in cryptocurrency.

Two suspects were arrested in Miami this week and charged with conspiracy to steal and launder over $230 million in cryptocurrency using crypto exchanges and mixing services.

Malone Lam and Jeandiel Serrano allegedly spent the proceeds on nightclubs, luxury automobiles, watches and jewellery A Singaporean living in the United States was among two people charged with conspiring to steal and launder US$230 million in cryptocurrency on Thursday.

SINGAPORE: A Singaporean living in the United States was among two people charged with conspiring to steal and launder US$230 million in cryptocurrency on Thursday (Sep 19). The pair had fraudulently obtained over 4,

Just one victim milked of nearly a quarter of a billion bucks Two individuals are in cuffs and facing serious charges in connection to a major theft of cryptocurrency worth more than $230 million from a single victim.

Malone Lam and Jeandiel Serrano were arrested Wednesday and indicted for stealing and laundering over $230 million worth of Bitcoin from a single victim in mid-August.