The Kid Who Stole $230,000,000

got got oh my God $243 million do you know how much money got game time locked in when it's game time yeah I'm Bing like it's game time I wake up FBS down Che [Music] D it's the 19th of August 2024 the day of group of young adults carried out one of the largest crypto heists ever recorded 20-year-old Malone lamb 18-year-old vir chatal 21-year-old jendel Sano Danish can and Chen these kids targeted a single Genesis creditor who had no idea they were about to lose a staggering $230 Million worth of bitcoin but how did they

pull it off were they expert hackers with Advanced coding skills well it was much simpler than it seems these scammers did something very clever they hacked into basic human nature it all began with a phone call a seemingly harmless contact from Google support but this call wasn't from Google at all using a spoof number V also known as whiz convinced the victim that their personal accounts had been compromised with his false sense of urgency he gained access to the victim's Gmail and iCloud where he gathered key security formation another call followed this time from jelle

Serano AKA box claiming to be a representative from jamini the crypto exchange the victim used the victim was stricted into believing their account was under attack under pressure and convinc the needed to act fast the victim reset their two Factor authetication settings giving the th the accid they needed to take control of the jini account quickly sending funds to a compromised wallet the situation was spiraling but the victim had no idea when he was asked to use any desk a remote access software it seemed like another step in securing their assets but in reality it

was the final blow as the victim unknown only shared the screen the private keys to their Bitcoin wallet were exposed and in just a few clicks the digital Fortune was transferred into the hands of the thieves wow no way no way I see it's the blockchain it's on the Block oh my way oh my God oh my God in a private video they recorded the live reactions to the successful transfer of 464 Bitcoins valued at over $230 million at the time clearly excited as they watch the millions flow into their wallets how did they manage

to pull off such a heist how could someone with that much wealth be deceived so easily and why will they record themselves in the act of committing such a massive crime these are questions that might never be fully answered but one thing was clear the money was now in the hands of the criminals and they knew their work wasn't done yet exactly 17 minutes after they quickly set about laundering the money to make it harder for authorities to track the stolen crypto they split the Bitcoin into smaller amounts and transfer it across 15 different exchanges

a common tactic known as pill chains the idea was to break the large transactions into smaller ones making them harder to trace Bitcoin was swapped for Litecoin Litecoin was swapped for ethereum and ethereum was swapped for Monero the process took several days with constant swapping between different currencies and exchanges further obscuring the trail go to the top right the settings bar settings no not that like the swap swap settings super recipient no bro what the hell D 9 bro you're so horrible you can't bro I'm clearly busy Caleb finding a heist soon enough all the

stolen money was now clean money ready to be spent and the criminals didn't hold back the day before the heist even took place they were already planning on how to spend their Fortune sharing links with each other on telegram of expensive luxury clothes they wanted to purchase from Brands like Louis Vuitton jinci and Philip plane While most of the crew chose to play safe keeping a low profile and resisting the temptation to splurge one man couldn't help but stand out his name Malone lamb like it's G Lo when it's game Malone was based in LA

and the moment he got his hands on the money he wasted no time diving head first into a luxurious lifestyle everything he had once watched wealthy people enjoy was now within his reach ready to become his new reality nightclubs became his second home almost every night he hit a club spending ridiculous amounts of money on VIP sections and bottle Services his BBS were unbelievable some nights costing $265,000 thre $100,000 and even more than a half a million dollars in a single night if you were in one of those clubs you couldn't miss him who is

Mal crazy like his name will be flashing on signs and DJs Will shout his name giving him all the attention alone set me bottles bone Welcome Home Alone $100,000 in bottles right now Jesus this is next Lev you're not he quickly became everyone's favorite because whenever he was around everyone got to drink for free he threw around cats like it was nothing and one time he even hated a DJ a massive 6 lit bottle of golden ace of spade champagne which could cost anywhere from $25,000 to $60,000 another time he tipped a DJ $2,000 and

had all the unup bottles in a club sent straight to his house he even TI me $2,000 when I tell you the amount of bottles he sent me that I took home brand new everything sealed brand new but as fun as lay was it still didn't feel like enough he craved more more attention more luxury more extravagance so what did he do he chartered a private jet to Miami there he took his pending to a whole new level in Miami Malone settled in a waterfront Mansion this place wasn't just any house it was a $10.5

million estate with a $62,000 a month rental price price tag this Mion was massive covering over 8,500 Square ft with 25 ft ceilings 10 bedrooms and a huge pool with a jacuzzi it had two big front Gates and a garage with a spacious driveway that was later filled with expensive supercars and luxury Vehicles Malone bought a black maner sf90 a white Lamborghini Urus a fully Ked out white mener Lamborghini Urus with baby blue interior M black Lamborghini Revo the new P 911 GT3 RS the new Ferrari SUV in black two Mercedes-Benz jigl one in gray

one wrapped with M black camo and convertible m black and pink Rolls-Royce Dawn a blue BMW M4 another Lamborghini revor in M gray a blue Lamborghini Urus and all white white body kid Lamborghini aventor resj with Malone's name written on the bottom of the door A M black Ferrari at2 super fast another Lamborghini aventor svj in blue a ping Urus which Malone originally bought as a gift for his ex-girlfriend to try to get her back but got rejected again a fully black carbon fighter McLaren 765 LT a blue Pagani h a many many many more

cars if he didn't realize it by now Malone was always rolling with fashion he rocked high-end designer pieces like Louis Vuitton and jinci his style was expensive with the most expensive piece of clothing being the McClair MAA 70 by Paul mangers jacket which alone cost $50,000 or more but after all this wasted money on clubs and cars Malone finally decided to invest his money in Timeless pieces that would hold the value over time like this Cuban link chain bracelets filled with diamonds a r melee covered in diamonds and a diamond ring for each one one

of his fingers one rich mly wasn't enough of course so he bought mle even his glasses had diamonds yo don't take no video Malone wasn't just a millionaire obsessed with himself he had a generous side often using his wealth to give back to others in need he bought five buring bags he gave them away to random girls at the club one of these luy ladies was a model named Olivia Allen guys I can't even make this up when I say that I just woke up to a birin in my bedroom because a man gave it

to me in the club last night this is your sign to go clubbing and another lucky lady who got a buring bag was famous Tik Tok star Sky Bri me and my two girlfriends walk over to the section and this kid I'm going to refer to him as like a kid I mean he was definitely over the age of 18 he looked pretty young he comes towards me and he's like I got this for you um she ended up saying she didn't like it it's beautiful but to be honest it's not really my style while

Malone was busy making his name known flaunting his wealth at every turn he was also drawing the wrong kind of attention his outrageous spending pair with his desire to be noticed made it easier for authorities and blockchain experts to track him down investigators including prominent figures like Zack xpt were closely watching the flow of the stolen funds tracing each move as he splurged on cars clubs and luxury items the more he spent the more obvious he became that his new fun Fortune was linked to the heist and soon enough the walls started closing [Music] in

Malone thought he was Untouchable but behind the scenes law enforcement and experts like Zach xpt were already connecting the dots through his flashy spending investigators tracked large transactions linked to the stolen Bitcoin using blockchain analysis to map out the movement of funds watch more both box and wh slip up during the process of lering the funds on several occasions they accidentally licked the stolen funds with their personal assets which for example also licked his full name during a screen recording while box reuse deposit addresses making it easier to chase the funds back to them this

mistake combined with recorded conversations and digital Footprints painted a clear picture of the criminals activities by mid-september 2024 the FBI and other authorities had gathered enough evidence to act on the 19th of September federal agents raided Malone's Miami mansion where he was arrested surrounded by all the luxuries he had bought with a stolen Fortune we had boom and you know we thought that was children in the neighborhood and we saw a lot of police this was something that never happen in this neighborhood most of the time was a lot of party it was party because

I can hear from my house the music it was a stark contrast Malone who had lived like a king for just a short while was now being laid away in handcuffs authorities were able to freeze over $9 million in Solen funds with $500,000 already returned to the victim however a significant portion of the stolen money remains in cryptocurrency wallets at the time of making this video $21 million linked to box is still sitting in one wallet while V also known as we has around $39 million tied up to his account additionally $4 million of Malone's

funds remain untouched in another wallet but what happened to everything else he bought the cars the clubs the private jets and all the flushy stuff see when a criminal buys luxury items like cars with stolen money later gets arrested the government steps in and seizes those assage through a process called asset forfeiture this allows law enforcement to take control of anything purchased with a legally obtained funds such as cars houses or expensive jewelry once these assets are seed they are usually put up for auction in many cases dealerships or buyers including the same dealer who

originally sold the cars can purchase them again often are lower price than they were initially sold for the money made from these auctions then is used in a couple of ways a portion of it will go toward compensating the victims of the crime helping to recover some of the stolen funds while another portion could be used to cover the cost of the investigation and legal proceedings if the victim is lucky he can get 50 to 65% back after the auction and administrative fees the cut theed gets will get however in Malone's case three of the

cars he purchased the Mander Lamborghini Urus the Lamborghini rev Alto and the Porsche 911 GT3 arrest were later transported to La following his arrest these cars were spotted by eff spot a popular YouTuber who is known for his rare and expensive car spotting videos in this particular video both the RTO and the pors appeared with noticeable damage the Rev Alto had significant form damage while the Porche was dented in the rear suggesting that the revolto had likely rear ended the Porsche this kind of damage will undoubtedly decrease the value of the cars when they go

to auction significantly reducing the amount the victim could recover the same process will apply to the clouds jewelry watches and designer glasses that Malone purchased these luxury items are likely to be seized by authorities and actioned off as part of the AET recovery process high in watches such as his ritual mil pieces are particularly valuable and could bring in significant amounts at auction while designer clothes typically depreciate in value Malone's expensive pieces will still hold enough worlds to help recover the funds for the victim as for the wild spending in clubs that money is pretty

much gone when you blow half a million dollars in a single night on bottle services and VIP sections the clubs aren't held responsible for giving it back especially if they had no clue the money was stolen same goes for the private jets those jet companies provided a legitimate service so the money Malone spent on his flights is long gone in conclusion While most of the big ticket items can be seized and auctioned much of what Malone spent on services like clubs and private jets is lost for good this story isn't just about a major Heist

or the the luxurious lifestyle Malone enjoyed for a brief moment it's a lesson in greed the dangers of shwing off wealth that wasn't earned and how quickly everything can come crushing down despite all the money spent the nights out and the flashy purchases Malone's dream life was built on Stolen funds and it was only a matter of time before it fell apart authorities might recover some of the stolen money but the Damage Done to the victim and the recklessness of Malone's spading spree are a reminder of how easily things can slip away for Malone and

his friends what sted as a wild ride of Liv n ended in arrests and their names tied to one of the biggest crypto crimes in history in the end these High s us that no matter how clever the crime or how big the payout the low always catches up and the price they paid was far greater than the shortlived luy they [Music] enjoyed oh by the way remember Olivia the model who got a Birkin bag yes she made a Tik Tok after Malone's arrest stalling the Birkin with a police uniform and also another Tik Tok

in the same Club saying no free bags tonight just free drinks [Music]