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Two Charged for Attempting To Steal Millions of Dollars in Bitcoin

Two Charged for Attempting To Steal Millions of Dollars in Bitcoin

  • Two men allegedly attempted to rob a house and steal tens of millions of dollars worth Bitcoin
  • The accused are under arrest

Two men have been arrested in Virginia for trying to allegedly break into a Westchester County home to steal tens of millions of dollars in Bitcoin (BTC), according to the United States Department of Justice.

According to the court documents, between May 18, 2020, and May 24, 2020, the accused Dominic Pineda and Shon Morgan participated in a plan to break into a home and rob its residents of cash and cryptocurrency.

As alleged in the indictment, the defendants participated in a violent plan to break into a family’s home in the middle of the night and force its residents to provide the code to what the defendants believed was tens of millions of dollars in Bitcoin currency. Thanks to the work of the FBI, the defendants will now be held responsible for the alleged acts.
US Attorney Damian Williams

The indictment was unsealed last Friday in White Plains federal court, where the case will be handled.

If convicted, the accused face a maximum term of 20 years in prison.

BTC was trading at around $10,000 at the time when the accused were allegedly planning to commit the robbery. The world’s largest digital currency by market capitalization then peaked to reach an all-time high of $68,892 in November last year.

BTC has since dropped in value and is currently trading at 21,020, according to data from Coinmarketcap.

Murtuza Merchant

Murtuza Merchant

Murtuza Merchant is a senior journalist, having been associated with various publications for over a decade. An avid follower of blockchain tech and cryptocurrencies, he is part of a crypto advisory firm that advises corporates – startups and established firms on media strategies.