FBI Arrests 2 Men Planning Violent Robbery of Bitcoin Worth Millions

FBI arrests 2 men planning violent robbery of bitcoin worth millions

The FBI recently arrested two men who participated “in a violent plan to break into a family’s home in the middle of the night” to steal bitcoin worth tens of millions of dollars.

The U.S. Department of Justice (DOJ) announced the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a ‘plan to commit home invasion robbery for tens of millions of dollars in bitcoin.’

U.S. Attorney Damian Williams detailed, “The defendants participated in a violent plan to break into a family’s home in the middle of the night and force its residents to provide the code to what the defendants believed was tens of millions of dollars in bitcoin currency.”

The Justice Department described, “Pineda, 21, of Manassas, Virginia, and Morgan, 21, of Centreville, Virginia, are each charged with conspiracy to commit Hobbs Act robbery, in violation of 18 U.S.C. § 1951, which carries a maximum term of 20 years in prison.”

(The Hobbs Act defines robbery as unlawfully taking another person’s property “by means of actual or threatened force.”)

The defendants participated in the plan from May 18 to May 24, 2020. At the time of the plan bitcoin was trading at about $10,000 per coin.

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