2 men arrested, indicted on charges of stealing, laundering $230M in cryptocurrency

Sept. 20 (UPI) -- Two men are set to appear in federal court Friday after being arrested on charges of stealing and laundering $230 million in cryptocurrency from a victim in Washington, D.C., authorities announced.

Malone Lam, 20, a citizen of Singapore living in Miami and Los Angeles, and Jeandiel Serrano, 21, of Los Angeles, were arrested Thursday and scheduled for initial court appearances in U.S. District Court for the Southern District of Florida and the Central District of California, respectively, the Department of Justice said in a statement.

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