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Home/News/Two brothers plead guilty to $8M crypto kidnapping of Minnesota family
Cointelegraph·7h ago·negative

Two brothers plead guilty to $8M crypto kidnapping of Minnesota family

Two Texas brothers admitted to holding a Minnesota family at gunpoint and stealing $8 million in crypto. They face up to 20 years in prison and have agreed to pay full restitution.

  • Isiah and Raymond Garcia pleaded guilty to Interference with Commerce by Robbery, facing up to 20 years in federal prison.
  • The brothers held a family at gunpoint for nine hours, forcing the transfer of $8 million from online accounts and hardware wallets.
  • Global crypto wrench attacks rose 75% in 2025, with estimated losses of $101 million in the first four months of 2026 alone.
  • The defendants agreed to pay more than $8 million in restitution; sentencing dates have not been set.
securityscamsImpact 6/10
Why our editor rated this negative

Violent crypto crime is a negative story for the industry, though the guilty pleas represent a win for law enforcement and justice.

Read the full story at Cointelegraph

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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