FBI Arrests 2 Men Planning ‘Violent’ Robbery of Bitcoin Worth Millions of Dollars — They Face 20 Years in Prison

The Federal Bureau of Investigation (FBI) has arrested 2 men who participated “in a convulsive program to interruption into a family’s location successful the mediate of the night” to bargain bitcoin worthy tens of millions of dollars,” according to the U.S. Department of Justice. They could spell to situation for 20 years.

2 Men Charged for Planning to Steal Bitcoin

The U.S. Department of Justice (DOJ) announced Friday the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a “plan to perpetrate location penetration robbery for tens of millions of dollars successful bitcoin.”

The Federal Bureau of Investigation (FBI) arrested the 2 connected Thursday successful Virginia.

U.S. Attorney Damian Williams detailed:

The defendants participated successful a convulsive program to interruption into a family’s location successful the mediate of the nighttime and unit its residents to supply the codification to what the defendants believed was tens of millions of dollars successful bitcoin currency.

According to the tribunal document, the defendants participated successful the program from May 18 to May 24, 2020, “to interruption into a location successful Irvington, New York and rob its residents of currency and cryptocurrency.”

Around the clip of the planned location invasion, bitcoin was trading astatine astir $10,000 per coin. BTC peaked astatine an all-time precocious terms of $68,892 successful November 2021. It has since dropped successful worth and is presently trading astatine $20,892.

The Justice Department described:

Pineda, 21, of Manassas, Virginia, and Morgan, 21, of Centreville, Virginia, are each charged with conspiracy to perpetrate Hobbs Act robbery, successful usurpation of 18 U.S.C. § 1951, which carries a maximum word of 20 years successful prison.

The Hobbs Act defines robbery arsenic unlawfully taking different person’s spot “by means of existent oregon threatened force.”

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