California man gets 78 months in prison for role in $250 million crypto theft ring
The Block
A 20-year-old California man was sentenced to 78 months in prison for his role in a $250 million cryptocurrency theft conspiracy.Summary
Marlon Ferro, known as "GothFerrari," has been sentenced to 78 months in federal prison for his involvement in a criminal ring that stole over $250 million in crypto assets. The group employed a mix of digital fraud, social engineering, and physical home burglaries to access victims' hardware wallets. Ferro specifically carried out home invasions to steal assets and assisted in money laundering before his arrest in 2025. He must also pay $2.5 million in restitution.
(Source：The Block)