No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, August 7, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Crypto Owners Forced at Gunpoint to Unlock Accounts in $6.5M Robbery Spree

by TheAdviserMagazine
3 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
Crypto Owners Forced at Gunpoint to Unlock Accounts in .5M Robbery Spree
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways

Authorities alleged attackers used delivery disguises to gain entry into victims’ homes.Prosecutors said a victim transferred approximately $6.5 million during a gunpoint robbery.Federal charges include robbery, kidnapping, and conspiracy counts carrying severe penalties.

Delivery Disguises and Gunpoint Crypto Transfers Detailed

A federal grand jury indicted Elijah Armstrong, Nino Chindavanh, and Jayden Rucker on robbery, kidnapping, and conspiracy charges tied to a violent robbery spree targeting cryptocurrency owners. The U.S. Department of Justice (DOJ) described the case as “a violent robbery spree targeting cryptocurrency owners” in a press release on May 11.

Prosecutors alleged the men traveled from Tennessee to California to target victims in San Francisco, San Jose, Sunnyvale, and Los Angeles. They allegedly posed as pizza, package, and coffee delivery workers to persuade victims to open their doors before forcing entry into the residences. Authorities said the attackers carried firearms and used duct tape and zip ties to restrain victims during the robberies. The DOJ stated:

“In one of the incidents perpetrated by the conspiracy, the victim was forced at gunpoint to sign into his cryptocurrency accounts so that a co-conspirator could transfer approximately $6.5 million from his cryptocurrency accounts to a wallet controlled by the co-conspirators.”

The indictment alleged the group carried out coordinated home-invasion robberies and attempted robberies across multiple California cities. Prosecutors said victims were assaulted, restrained, and threatened inside their homes during the attacks.

Charges Carry Potential Life Sentence in Federal Court

Chindavanh was arrested in Sunnyvale on Dec. 22, 2025, while Armstrong and Rucker were arrested in Los Angeles on Dec. 31, 2025. Chindavanh appeared in federal court in San Francisco on April 14, 2026. Armstrong and Rucker appeared there on May 11 and appeared before U.S. Magistrate Judge Thomas S. Hixson on May 12 for appointment of counsel. Chindavanh is scheduled for a status hearing on June 26 before U.S. District Judge Trina L. Thompson.

The indictment charges the men with conspiracy to commit Hobbs Act robbery, conspiracy to commit kidnapping, attempted Hobbs Act robbery, and attempted kidnapping. The Hobbs Act and attempted kidnapping counts each carry up to 20 years in prison and a $250,000 fine. The kidnapping conspiracy count carries up to life in prison and a $250,000 fine.

United States Attorney Craig H. Missakian said:

“These individuals, as alleged, terrorized their victims in the hopes of stealing vast sums of cryptocurrency. The scheme was not only sophisticated, it was brazen, violent, and dangerous.”

Prosecutors alleged the group carried out coordinated home-invasion robberies across multiple California cities by disguising themselves as delivery workers before forcing victims to unlock cryptocurrency accounts at gunpoint. An indictment is an allegation, and the defendants are presumed innocent unless proven guilty.



Source link

Tags: 6.5MAccountsCryptoForcedGunpointOwnersRobberyspreeUnlock
ShareTweetShare
Previous Post

Avoiding Overpayments in Rebate Programs: A Strategic Guide for 2026

Next Post

170-year-old luxury fashion retailer quietly closes 21 stores

Related Posts

edit post
One Day Left as Senate Faces Final Push for CLARITY Act Crypto Vote

One Day Left as Senate Faces Final Push for CLARITY Act Crypto Vote

by TheAdviserMagazine
August 6, 2026
0

Key TakeawaysSenate faces one-day deadline for CLARITY Act vote.The crypto bill’s supporters seek 60 votes before recess.Chairman Tim Scott highlights...

edit post
Following Primary Loss, Crypto PACs Invest .5M in 3 US State Races

Following Primary Loss, Crypto PACs Invest $1.5M in 3 US State Races

by TheAdviserMagazine
August 6, 2026
0

Two groups affiliated with the cryptocurrency company-backed political action committee (PAC) Fairshake disclosed spending more than $1.5 million on media...

edit post
Cardano Price Prediction as Futures Volumes Drop 33% Amid Weak Network Activity

Cardano Price Prediction as Futures Volumes Drop 33% Amid Weak Network Activity

by TheAdviserMagazine
August 6, 2026
0

Cardano (ADA) price is up by 1.25% today, August 6, to trade at $0.194 at the time of writing. The...

edit post
Bitcoin miner sells 1,619 Bitcoin at a  million loss before its AI data center paid rent

Bitcoin miner sells 1,619 Bitcoin at a $47 million loss before its AI data center paid rent

by TheAdviserMagazine
August 6, 2026
0

Bitcoin miner Cipher Digital sold 1,619 Bitcoin for $123.4 million and booked $47.7 million in realized losses. Its filing shows...

edit post
Coinbase Lets UK Users Trade US Stocks While Wall Street Sleeps

Coinbase Lets UK Users Trade US Stocks While Wall Street Sleeps

by TheAdviserMagazine
August 6, 2026
0

Coinbase began rolling out US stock trading to eligible UK users today (Thursday), giving them access to buy, sell, and...

edit post
CoinRoutes Adds Dedicated Wincent FIX Sessions for Institutional Clients

CoinRoutes Adds Dedicated Wincent FIX Sessions for Institutional Clients

by TheAdviserMagazine
August 6, 2026
0

CoinRoutes has added dedicated FIX connectivity to crypto market maker Wincent, allowing institutional clients to access its liquidity through the...

Next Post
edit post
170-year-old luxury fashion retailer quietly closes 21 stores

170-year-old luxury fashion retailer quietly closes 21 stores

edit post
U.S., China announce deals after Trump-Xi summit

U.S., China announce deals after Trump-Xi summit

  • Trending
  • Comments
  • Latest
edit post
Georgia Senior SNAP and Meal Resources Older Adults Can Use

Georgia Senior SNAP and Meal Resources Older Adults Can Use

July 24, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

July 31, 2026
edit post
2 judges suspended in separate cases after being indicted on criminal charges

2 judges suspended in separate cases after being indicted on criminal charges

July 9, 2026
edit post
Driving the Noncitizen Voting Scandal: Registration With License

Driving the Noncitizen Voting Scandal: Registration With License

July 26, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
How understanding brain science can boost advisors’ business

How understanding brain science can boost advisors’ business

0
edit post
Food Inflation, Jimmy Carter’s Sweater, and  Burritos

Food Inflation, Jimmy Carter’s Sweater, and $20 Burritos

0
edit post
Copper jumps to its highest level ever. What the metal is telling us

Copper jumps to its highest level ever. What the metal is telling us

0
edit post
Do Widows Pay Taxes on Life Insurance Payouts? 

Do Widows Pay Taxes on Life Insurance Payouts? 

0
edit post
IAI equips Singapore warship with Blue Spear missiles

IAI equips Singapore warship with Blue Spear missiles

0
edit post
Why “Albert Einstein’s ‘Why Socialism?’”?

Why “Albert Einstein’s ‘Why Socialism?’”?

0
edit post
Food Inflation, Jimmy Carter’s Sweater, and  Burritos

Food Inflation, Jimmy Carter’s Sweater, and $20 Burritos

August 7, 2026
edit post
Why “Albert Einstein’s ‘Why Socialism?’”?

Why “Albert Einstein’s ‘Why Socialism?’”?

August 7, 2026
edit post
The barrier to starting a conversation is usually a bad forecast, not a lack of charm: people underestimate how much others like them, and commuters made to talk to a stranger enjoyed the trip more than those left alone, the opposite of what they predicted

The barrier to starting a conversation is usually a bad forecast, not a lack of charm: people underestimate how much others like them, and commuters made to talk to a stranger enjoyed the trip more than those left alone, the opposite of what they predicted

August 7, 2026
edit post
LIC gains 3% after Q1 earnings. Here’s what Morgan Stanley and Motilal Oswal recommend

LIC gains 3% after Q1 earnings. Here’s what Morgan Stanley and Motilal Oswal recommend

August 7, 2026
edit post
The Countries That Will Pay For The UN Tax Experiment

The Countries That Will Pay For The UN Tax Experiment

August 7, 2026
edit post
How to get the most from Erasmus+

How to get the most from Erasmus+

August 6, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Food Inflation, Jimmy Carter’s Sweater, and $20 Burritos
  • Why “Albert Einstein’s ‘Why Socialism?’”?
  • The barrier to starting a conversation is usually a bad forecast, not a lack of charm: people underestimate how much others like them, and commuters made to talk to a stranger enjoyed the trip more than those left alone, the opposite of what they predicted
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.