19-year-old Veer Chetal from Danbury, Connecticut, known as 'Wiz', was arrested again for violating his release agreement. He is accused of fraud and money laundering in relation to a $245 million Bitcoin theft.
Repeat Offense While on Bond
Recent revelations indicate that Chetal, who was released on bond after pleading guilty in the Bitcoin theft case, was re-arrested. In late January 2025, federal authorities found out Chetal was involved in additional crimes, including 50 similar thefts that brought in another $3 million between November 2023 and September 2024.
One of the thefts involved $2 million through social engineering, where Chetal manipulated a New Jersey resident into sharing information for access to her cryptocurrency wallet.
Kidnapping Attempt on Chetal's Parents
Following the initial $245 million theft, a group of six men attempted to kidnap Chetal’s parents. However, the local police thwarted the plan, arresting the suspects and rescuing the parents, who were harmed during the incident. Chetal's father reportedly suffered severe facial and arm injuries and lost his job as a result.
The Thefts and Arrests Case
The main figure behind the kidnapping plot has been identified as James Schwab, 22, who, although not present at the scene, orchestrated the plan. Several of his accomplices have pleaded guilty. One of the kidnappers, Anthony Pena, has been sentenced to 11 years in prison for his involvement in the conspiracy. Others are yet to be sentenced, with one still awaiting trial.
Veer Chetal, known as 'Wiz', continues to face severe legal consequences due to his criminal activities, highlighting the risks associated with cybercrime and social engineering.
