$250 million cryptocurrency heist funded luxury fashion, nightclub parties, and private jets

20-year-old California resident Marlon Ferro, known online as “GothFerrari,” was sentenced to 78 months in prison for his role in a cryptocurrency theft operation tied to more than $250 million in stolen digital assets. Federal prosecutors said Ferro participated in a criminal network active between late 2023 and early 2025. Members of the group, based in California, Connecticut, New York, Florida, and overseas, carried out roles that included database hacking, target identification, fraudulent