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A 20-year-old US resident, Marlon Ferro (aka “GothFerrari”), was sentenced on May 6, 2026 to 78 months in prison for his role in a syndicate that prosecutors say stole more than US$250 million in cryptocurrency between late 2023 and early 2025.
Ferro pleaded guilty in October 2025 to conspiracy to participate in a racketeering-influenced and corrupt organisation and was ordered to pay US$2.5 million in restitution and serve three years of supervised release.
Court filings and prosecutors say Ferro acted as the gang’s “muscle,” breaking into homes to seize hardware wallets when social engineering and hacks failed, and also served as a key money launderer.
Members of the group, allegedly led by Singaporean Malone Lam (arrested September 2024), operated across US states including California, New York, Florida and Connecticut and abroad; 17 people have been arrested or charged.
Authorities seized luxury cars, watches and clothing, and prosecutors say stolen crypto funded nightclub spending, private jets, designer handbags (including Hermès Birkins), and legal fees.
Ferro was arrested in May 2025 carrying firearms and fake ID documents.







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