{"id":13007,"date":"2022-06-28T04:07:47","date_gmt":"2022-06-28T04:07:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fbi-arrests-2-men-planning-violent-robbery-of-bitcoin-worth-millions-of-dollars-they-face-20-years-in-prison-regulation-bitcoin-news\/"},"modified":"2022-06-28T04:07:47","modified_gmt":"2022-06-28T04:07:47","slug":"fbi-arrests-2-men-planning-violent-robbery-of-bitcoin-worth-millions-of-dollars-they-face-20-years-in-prison-regulation-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fbi-arrests-2-men-planning-violent-robbery-of-bitcoin-worth-millions-of-dollars-they-face-20-years-in-prison-regulation-bitcoin-news\/","title":{"rendered":"FBI Arrests 2 Men Planning ‘Violent’ Robbery of Bitcoin Worth Millions of Dollars \u2014 They Face 20 Years in Prison \u2013 Regulation Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The Federal Bureau of Investigation (FBI) has arrested two men who participated \u201cin a violent plan to break into a family\u2019s home in the middle of the night\u201d to steal bitcoin worth tens of millions of dollars,\u201d according to the U.S. Department of Justice. They could go to prison for 20 years.<\/strong><\/p>\n

2 Men Charged for Planning to Steal Bitcoin<\/h2>\n

The U.S. Department of Justice (DOJ) announced Friday the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a \u201cplan to commit home invasion robbery for tens of millions of dollars in bitcoin.\u201d<\/p>\n

The Federal Bureau of Investigation (FBI) arrested the two on Thursday in Virginia.<\/p>\n

U.S. Attorney Damian Williams detailed:<\/p>\n

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The defendants participated in a violent plan to break into a family\u2019s 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.<\/p>\n<\/blockquote>\n

According to the court document, the defendants participated in the plan from May 18 to May 24, 2020, \u201cto break into a home in Irvington, New York and rob its residents of cash and cryptocurrency.\u201d<\/p>\n

Around the time of the planned home invasion, bitcoin was trading at about $10,000 per coin. BTC<\/a> peaked at an all-time high price of $68,892 in November 2021. It has since dropped in value and is currently trading at $20,892.<\/p>\n

The Justice Department described:<\/p>\n

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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. \u00a7 1951, which carries a maximum term of 20 years in prison.<\/p>\n<\/blockquote>\n

The Hobbs Act defines robbery as unlawfully taking another person\u2019s property \u201cby means of actual or threatened force.\u201d<\/p>\n

What do you think about this case? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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