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FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto

Three men allegedly used foreign crypto exchanges to launder the proceeds of a scheme that targeted nearly a dozen financial institutions in the New York metro area.

The U.S. Federal Bureau of Investigation arrested three men accused in a complicated scheme to steal $10 million from banks and swap it for crypto. (Jesse Hamilton/CoinDesk)
The U.S. Federal Bureau of Investigation arrested three men accused in a complicated scheme to steal $10 million from banks and swap it for crypto. (Jesse Hamilton/CoinDesk)