when

Felix

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/u-s-justice-department-punishes-crypto-thieves-for-home-invasions/" data-wpel-link="internal">U.S. Justice Department Punishes Crypto Thieves for Home Invasions</a><br></p>
<p style="text-align: justify">The recent actions taken by the U.S. Justice Department spotlight the ongoing issue of <a href="https://en.coin-turk.com/corporate-investors-shift-focus-to-bitcoin-as-ethereum-sells/" data-wpel-link="internal">crypto</a> theft. Earlier warnings to crypto investors urged them to keep details of their holdings private, highlighting the risks posed by those who seek to acquire assets through coercion. Incidents of this nature have been reported in Turkey and around the world.</p> 
<h2 style="text-align: justify" id="home-invasion-and-crypto-theft">Home Invasion and Crypto Theft</h2> 
<p style="text-align: justify">The Justice Department announced that 12 individuals received significant penalties for their roles in a crypto theft operation. These sentences are particularly severe, with offenders facing not only prison time but also hefty financial fines. A resident of Florida, identified as the ringleader, is sentenced to 47 years in prison. Among the culprits, 25-year-old Remy Ra St Felix and his accomplices utilized SIM swapping and armed threats to steal over $3.5 million.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-388753 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/kripto-gasp.png" alt="" width="1282" height="576"></p> 
<p style="text-align: justify">According to court documents and evidence presented during the trial, St Felix’s partner, 23-year-old Jarod Gabriel Seemungal from West Palm Beach, and their international accomplices stole <a href="https://en.coin-turk.com/binance-in-hot-water-us-authorities-continue-to-press-legal-charges/" data-wpel-link="internal">cryptocurrency</a> from victims’ exchange accounts. Many victims were bound with plastic ties, threatened with death, and even abducted.</p> 
<h2 style="text-align: justify" id="crypto-investors-face-risks">Crypto Investors Face Risks</h2> 
<p style="text-align: justify">The Justice Department’s announcement underscores the vulnerability of crypto investors, even when taking precautions. Investors with substantial assets should adopt security measures similar to those used for gold and currency to protect their crypto holdings.</p> 
<p style="text-align: justify">Keeping your cold wallet and recovery phrases secured, as well as obtaining a firearm permit, are among various precautions. However, the most effective strategy appears to be maintaining discretion about your investments to avoid triggering the interest of potential attackers.</p> 
<p>The post <a href="https://en.coin-turk.com/u-s-justice-department-punishes-crypto-thieves-for-home-invasions/" data-wpel-link="internal">U.S. Justice Department Punishes Crypto Thieves for Home Invasions</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

U.S. Justice Department Punishes Crypto Thieves for Home Invasions

Table of Contents

COINTURK NEWS

Other articles published on Sep 13, 2024

Bybit Dominates $DOGS Token Airdrop, Reinforcing its Position as Leading Crypto Platform (13 Sep)

Hamster Kombat (HMSTR) Reveals Tokenomics with 75% Allocated for Player Rewards

HTX to Integrate Bitcoin Lightning Network for Improved Transactions

Legendary Analyst il Capo Claims an Event Could Spark an Altcoin Season as We Enter the Weekend

Tether Faces Scrutiny over Profit and Control

Binance lists Telegram mini-app game Catizen on Launchpool

Join our free newsletter for daily crypto updates!