ZachXBT claimed Thursday morning in a long thread exposing insider chats discussing the breach and measures to hide allegedly stolen monies, so last night the two were arrested in their individual houses in Miami and Los Angeles.

Charged with conspiracy to steal and launder money, Lam, also known as Anne Hathaway,” “$$$,” and Serrano, who makes use of “VersaceGod” and “@SkidStar,” were ZachXBT-identified Veer Chetal, sometimes known as “Wiz,” however he was not a listed person investigated by the FBI.

The FBI claims the offenders spent the money—thought to have been pilfers from an early bitcoin investor and creditor of failing loan company Genesis—on international travel, nightclubs, luxury cars, watches, jewelry, designer purses, and rental properties.

ZachXBT first observed the suspected theft of 4,101 bitcoins in August, then started working with authorities and security organizations Cryptoforensic Investigators and ZeroShadow to track the cash, the pseudonymous research wrote on X.

He said of the financial forensic probe, “one of my best… of all time.”

Currently pursuing an “ongoering investigation, which might involve others,” are the U.S. Attorney’s Office for the District of Columbia, the FBI’s Washington Field Office, and the IRS-Criminal Investigation Washington Field Office.

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The national news agency of the nation, Bernama, reported on Saturday that last week, three local citizens and four foreign individuals were seized and imprisoned separately under suspicion of stealing electricity to run their bitcoin mining activities.

According to the newspaper, Sepang District Police Chief ACP Wan Kamarul Azran Wan Yusof noted that these people had no past criminal histories, and the police sought to “detect illegal bitcoin mining activity that involved electricity theft.”

The local police also mentioned that they confiscated 52 bitcoin mining facilities and other electronic equipment, with an approximate worth of 250,000 Malaysian Ringgits (57.000$).

The law enforcement activity coincided with a larger campaign against power theft related to bitcoin miners. Deputy energy transition and water transformation minister Akmal Nasrullah Mohd Nasir claimed last month that between 2018 and 2023, crypto miners in Malaysia pilfered at least RM3.4 billion ($777 million) worth of electricity.

From China, which outlawed all crypto mining operations in 2021, crypto mining activities have progressively shifted to the U.S. and other countries such as Malaysia, Indonesia, Laos, and Thailand. For miners, the Southeast Asian countries appeal because of their competitive electricity rates, trained workforce, and current infrastructure.

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