ChainCatcher News, according to The Block, two high school students from California, U.S., are charged with felony offenses for allegedly driving over 600 miles to Arizona to commit a violent home invasion, targeting a family they believed to hold $66 million worth of cryptocurrency. The two suspects, aged 16 and 17, arrived at a home in the Sweetwater Ranch community of Scottsdale on January 31 wearing a FedEx uniform, forcibly entered the house, tied up two adults with tape, and beat them in an attempt to obtain cryptocurrency. The victims denied holding any crypto assets, which led to further violent confrontations. When police arrived at the scene, they found a woman screaming and a man fighting with one of the suspects. The two teenage suspects fled the scene in a blue Subaru and were later caught by police in a dead-end street. The suspects now face eight charges, including kidnapping and serious assault. Physical "wrench attacks" targeting holders of crypto assets are on the rise, with about 60 reported incidents in 2025, significantly higher than the approximately 41 in 2024 and 36 in 2021 with available statistics.
Two Teenagers Arrested for Alleged $66M Crypto-Related Home Invasion Robbery in Arizona
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Summary
Two teenagers from California, aged 16 and 17, were arrested in Arizona after allegedly committing a violent home invasion targeting a family believed to hold $66 million in crypto. On January 31, the suspects, in FedEx uniforms, broke into a Scottsdale home, assaulted two adults, and demanded access to their digital assets. The victims denied holding crypto, leading to more violence. Police found a woman screaming and a man fighting one suspect. The teens fled in a blue Subaru and were later captured. They now face eight charges, including kidnapping and assault. With liquidity and crypto markets increasingly targeted, physical 'bounty attacks' rose to 60 in 2025. As MiCA (EU Markets in Crypto-Assets Regulation) moves forward, such crimes highlight the need for global oversight.
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