Crypto Theft Gang Convicted

Crypto Theft Gang Convicted

Luisa Rodriguez
2 min read

Crypto Gang Leader Convicted for Violent Crypto Extortion Spree

Cryptocurrency theft has taken a violent turn as Remy Ra St. Felix, a 24-year-old gang leader from Florida, was recently convicted by the U.S. Justice Department for orchestrating a series of violent home invasions and kidnappings to force victims to transfer their crypto assets. The gang's brutal methods included beatings, torture, and death threats, with their activities impacting over a dozen victims across four states. Despite their violent tactics, the gang's direct hauls from physical thefts were relatively small, with most earnings coming from traditional crypto hacking.

The gang's activities began with conventional hacking methods such as SIM swapping before escalating to physical assaults. Their victims included an elderly North Carolina couple who were forced to transfer over $150,000 in Bitcoin and Ether. The gang's success in extorting large sums of cryptocurrency was limited, with their final known act being a violent home invasion in North Carolina, where they threatened an elderly man and his wife, ultimately forcing the man to transfer about $156,000 worth of crypto before their transactions were blocked.

St. Felix's arrest marked the end of this violent spree, but security experts warn that the risk of similar crimes remains as crypto continues to attract criminals due to its high value and ease of transfer. Crypto holders are advised to remain vigilant and enhance their security measures to protect against both digital and physical threats.

Key Takeaways

  • Remy Ra St. Felix led a gang that targeted elderly victims, forcibly extorting over $150,000 in Bitcoin and Ether.
  • The gang used brutal tactics, affecting over a dozen victims and netting most earnings from traditional crypto hacking.
  • Security experts emphasize the need for enhanced security measures to mitigate the risks of physical crypto extortion.


The conviction of Remy Ra St. Felix underscores the vulnerability of crypto holders and the need for enhanced security measures. While the gang's physical thefts yielded modest sums, their broader impact on crypto security perceptions could deter investment and innovation. Expect increased regulatory scrutiny and technological advancements in crypto security to mitigate both digital and physical threats.

Did You Know?

  • SIM Swapping: This cyber attack involves a hacker tricking a mobile carrier into transferring a victim's phone number to a SIM card controlled by the hacker, allowing unauthorized access to the victim's crypto assets.
  • Crypto Wallet Security: Using hardware wallets and multi-signature wallets can enhance security by storing private keys offline and requiring multiple keys to authorize a transaction.
  • In-Person Crypto Extortion: Involves criminals using physical threats and violence to force victims to transfer their cryptocurrency holdings, emphasizing the need for personal safety training and home security systems.

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