Overview
- Marlon Ferro, who was sentenced Wednesday in Washington, received 78 months in federal prison for his part in a scheme that stole more than $250 million in cryptocurrency.
- Judge Colleen Kollar-Kotelly also ordered three years of supervised release and $2.5 million in restitution.
- Prosecutors said Ferro acted as the group’s “instrument of last resort,” breaking into a Texas home to steal a hardware wallet, a small offline device for crypto keys, holding about 100 BTC and later forcing entry at a New Mexico residence.
- He laundered funds through exchanges and used a fake ID to open a geo‑blocked payment account that let members spend stolen crypto at shops and nightclubs, including in Miami.
- Prosecutors say the wider RICO case is active, with more defendants moving through court, major seizures logged, and filings naming Singaporean Malone Lam as an alleged organizer.