The US Department of Justice (DOJ) has accused 12 people of stealing over $ 263 million in crypto. Persons are linked to a previous study where scammers were able to siphon over $ 243 million from a Genesis Creditor.

According to Blockchain Sleuth Zachxbt, one of the creditor of the defunct trading company Genesis last year was counterfeit by a group of scammers capable of stealing digital assets of $ 243 million worth of digital assets and then redirecting it through cryptoms.

Several of the accused who include US citizens and foreign were arrested in California this week, DOJ said in a press release on Thursday. The remaining two people live abroad.

The charges of the individuals range from racketing, wire fraud to money laundering and obstacle to justice.

Read more: Police arrest two people related to $ 243 million

Social engineering wine is increasingly used by scammers to steal crypto. Scammers get certain personal information and then fool the user to send them their crypto.

On Thursday, Coinbase revealed that scammers were able to bribe some of their overseas employees and stole important user data from their database. The exchange expects to voluntarily pay users between $ 180 million to $ 400 million for the data violation.

Read more: Coinbase could pay customers up to $ 400 million. For data violation

The US Department of Justice (DOJ) has accused 12 additional people in a racketing conspiracy involving over $ 263 million in crypto fraud, money laundering and homeburp. Persons are linked to a previous study where scammers were able to siphon over $ 243 million from a Genesis Creditor. According to Blockchain Sleuth Zachxbt, one of the creditor of the defunct trading company Genesis last year was counterfeit by a group of scammers capable of stealing digital assets of $ 243 million worth of digital assets and then redirecting it through cryptoms. Several of the accused who include US citizens and foreign were arrested in California this week, DOJ said in a press release on Thursday. The remaining two people live abroad. Social engineering wine is increasingly used by scammers to steal crypto. Scammers get certain personal information and then fool the user to send them their crypto. On Thursday, Coinbase revealed that scammers were able to bribe some of their overseas employees and stole important user data from their database. The exchange expects to voluntarily pay users between $ 180 million to $ 400 million for the data violation.