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Hardware Wallet Thief Gets 78 Months in Prison Over $250M Crypto 'Heist'

DE
Decrypt Editorial
(09:42 AM UTC)
1 min read
DK
Updated byDavid Kim
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In brief

  • Marlon Ferro, known as "GothFerrari," received a 78-month federal prison sentence after pleading guilty to racketeering conspiracy charges.
  • Ferro broke into victims' homes in Texas and New Mexico to steal hardware wallets when digital theft attempts failed.
  • The criminal enterprise stole more than $250 million in cryptocurrency between late 2023 and early 2025, according to prosecutors.

A…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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