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Remy St Felix Convicted for Orchestrating Multi-Million Dollar Crypto Thefts via Home Invasions

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US man convicted stealing millions crypto home invasions

Posted By  Kellerdale
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US Man Convicted for Stealing Hundreds of Millions in Crypto Through Home Invasions

Introduction

Remy St Felix, a 24-year-old from West Palm Beach, has been convicted for masterminding a series of violent home invasions targeting cryptocurrency owners. The scheme, which spanned multiple states, resulted in the theft of US$1.7 billion (RM8 billion) in crypto assets. St Felix's conviction marks a significant victory in the fight against crypto-related crimes.


Summary of facts
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  • Defendant: Remy St Felix
  • Crime: Orchestrating home invasions to steal cryptocurrencies
  • Amount Defrauded: US$1.7 billion (RM8 billion) in crypto
  • Method: Targeted crypto owners, conducted home invasions, physically coerced victims to transfer funds
  • Sentence Received: Scheduled for sentencing on September 11; faces seven years to life
  • Additional Penalties: N/A
  • Investigating Authorities: Federal jury in North Carolina, US Attorney Sandra J. Hairston
  • Pleas: Found guilty on nine counts, including conspiracy, kidnapping, and using a firearm for violent crimes
  • Prosecutor’s Statement: Highlighted the greed and callousness of the crimes, emphasizing the terror inflicted on victims

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Breakdown of the Timeline for this alleged scam:

From September 2022 to July 2023, Remy St Felix led a gang that targeted cryptocurrency owners across Florida, North Carolina, Texas, and New York. The gang employed both digital and physical methods to locate and steal from their victims. They hacked into email accounts and conducted physical surveillance before breaking into homes, holding victims at gunpoint, and forcing them to transfer crypto assets. The stolen funds were then laundered through Monero and instant exchange platforms.

Legal Implications:
The conviction of Remy St Felix for orchestrating multi-million dollar crypto thefts via home invasions underscores the severity of crypto-related crimes and the lengths to which criminals will go to steal digital assets. This case highlights the importance of robust security measures for cryptocurrency owners and the need for law enforcement to adapt to new forms of digital crime.
Summary:

Remy St Felix, a 24-year-old from West Palm Beach, has been convicted for his role in a series of violent home invasions targeting cryptocurrency owners. Over the course of nearly a year, his gang stole US$1.7 billion (RM8 billion) in crypto assets through a combination of digital and physical coercion. The stolen funds were laundered using Monero and other platforms. St Felix's conviction by a federal jury in North Carolina represents a significant step towards justice for the victims and highlights the growing threat of crypto-related crimes.

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Entity Related Search Terms
Remy St Felix Remy St Felix crypto theft, Remy St Felix conviction
US$1.7 billion US$1.7 billion crypto theft, multi-million dollar crypto theft
Florida, North Carolina, Texas, New York Crypto theft locations, home invasion states
Monero Monero laundering, Monero crypto fraud
September 2022 to July 2023 Crypto theft timeline, home invasion period
US Attorney Sandra J. Hairston Sandra J. Hairston statement, US Attorney crypto case
Federal jury Federal jury conviction, crypto theft jury verdict
Reference Source: [1https://www.thestar.com.my/tech/tech-news/2024/06/28/us-man-convicted-for-role-in-stealing-hundreds-of-millions-in-crypto-through-home-invasions

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