Recently, participants of a high-profile crime involving a $243 million cryptocurrency theft were arrested. The focus is on the hacker known as Wiz, who became the last member of the trio to be arrested by law enforcement.
Wiz's Role in the Heist
According to the investigation, Wiz played a crucial role in the theft by using social engineering techniques to access the victim's funds. He made a mistake by revealing his full name during a screenshare, which was one of the reasons for his capture. A video of him was leaked on social media following his arrest.
Arrests of Greavys and Box
Greavys and Box were arrested earlier, in September 2024. Their real names are Malone Lam and Jeandiel Serrano, respectively. They were already under investigation for stealing and laundering cryptocurrency. Greavys was uncovered through open-source intelligence, with his location being revealed by his friends' social media posts.
Further Investigation and Trial
Investigators managed to freeze around $9 million, of which $500,000 has already been returned to the victim. However, the majority of the stolen cryptocurrency, particularly in Bitcoin, remains missing. Lam will face trial again in October 2025, where he has been charged with conspiracy to commit wire fraud and money laundering, each carrying a potential 20-year prison sentence.
Wiz's arrest concludes a series of apprehensions in the massive cryptocurrency theft case. The investigation is ongoing, and authorities continue searching for the remaining stolen funds. This case underscores the dangers of cybercrime in the cryptocurrency world and the need for increased safeguards against such threats.
