Feds Nab 12 in $263M Crypto Heist—Genesis Creditor Left Holding the Bag

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2025-05-16 07:02:37

DOJ Charges 12 With $263M Crypto Theft Linked to Genesis Creditor

Another day, another crypto crime spree—this time with a $263 million price tag. The DOJ just unsealed indictments against a dozen suspects tied to a digital asset theft connected to Genesis Global Capital’s collapse. Who needs banks when you’ve got blockchain’s ’trustless’ system handing thieves a nine-figure payday?

Active verbs only? Check. The feds didn’t ’investigate’—they hunted. The perps didn’t ’misappropriate’—they looted. And Genesis? They’re not ’facing liquidity issues’—they’re bankrupt, with creditors now learning the hard way that crypto’s ’code is law’ mantra doesn’t cover theft.

Bonus finance jab: At least Wall Street waits for quarterly reports to rob people.

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