# DOJ Charges 12 More Defendants in $263M Crypto Heists

*Author: Bankless*
*Published: May 16, 2025*
*Source: https://www.bankless.com/read/doj-charges-12-more-defendants-in-263m-crypto-heists*

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The DOJ unsealed an [indictment](https://www.justice.gov/usao-dc/pr/additional-12-defendants-charged-rico-conspiracy-over-263-million-cryptocurrency-thefts) against 12 individuals for stealing $263M in crypto using sophisticated cybercriminal tactics, including hacking, social engineering, and laundering stolen funds through mixers and fake identities.

## **What’s the Scoop?**
- **Extensive Crypto Theft**: The DOJ indicted 12 individuals, both U.S. citizens and foreign nationals, for their roles in a racketeering enterprise that stole $263 million worth of cryptocurrency through hacking, social engineering, and direct theft of hardware wallets.
- **Sophisticated Laundering**: Defendants used mixers, peel chains, and shell companies to launder stolen funds, showcasing increasing sophistication in crypto-related crimes.
- **Extravagant Spending**: The stolen funds were used for luxury goods, including exotic cars, watches, private jet rentals, and real estate in high-end cities, drawing attention to reckless spending habits within criminal groups.
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