TechFlow News, June 19: According to Decrypt, two brothers from Texas—Isiah Angelo Garcia, 25, and Raymond Christian Garcia, 24—have pleaded guilty to an armed home invasion robbery involving cryptocurrency assets exceeding $8 million.
Prosecutors stated that the suspects held a family captive for eight hours and forced the homeowner to log into their cryptocurrency accounts to execute transfers. Both defendants have now entered guilty pleas in U.S. District Court for the District of Minnesota to charges of “robbery affecting interstate commerce.” Each faces up to 20 years in prison and is ordered to pay restitution exceeding $8 million.