Close Menu
  • Latest News
    • Market
    • Altcoins
    • Legal and Regulatory
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • NFTs
    • Gaming
  • Learn
    • Education
    • Investments
    • Staking
    • Wallets and Exchanges
  • ICOs
  • Mining
  • Crypto Tools
    • Exchange Tool
  • Shop
What's Hot

Are perps swaps? A quick look at that CME suit: State of Crypto

June 21, 2026

Japan’s FSA orders moomoo Securities to halt new account openings until September

June 21, 2026

Bitcoin Analysts Split Between Buyer Demand And Resistance C

June 21, 2026
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
CryptoPulseDaily.com
  • Latest News
    • Market
    • Altcoins
    • Legal and Regulatory
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • NFTs
    • Gaming
  • Learn
    • Education
    • Investments
    • Staking
    • Wallets and Exchanges
  • ICOs
  • Mining
  • Crypto Tools
    • Exchange Tool
  • Shop
CryptoPulseDaily.com
Home»Legal and Regulatory»Texas Brothers Plead Guilty to $8M Armed Crypto Kidnapping
Legal and Regulatory

Texas Brothers Plead Guilty to $8M Armed Crypto Kidnapping

June 21, 2026No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In brief

  • Two Texas brothers pleaded guilty Thursday to robbing a Minnesota family of more than $8 million in cryptocurrency during a violent 2025 home invasion.
  • Isiah and Raymond Garcia held the family at gunpoint for more than eight hours and forced the father to transfer the funds, according to the Justice Department.
  • Each faces up to 20 years in prison, in one of the larger U.S. examples of a crypto “wrench attack.”

Two Texas brothers have pleaded guilty to robbing a Minnesota family of more than $8 million in cryptocurrency, after holding them at gunpoint in their own home for hours.

Isiah Angelo Garcia, 25, and Raymond Christian Garcia, 24, both of Waller, Texas, each pleaded guilty Thursday to one count of interference with commerce by robbery, according to a statement released by the Justice Department. They entered the pleas before U.S. District Judge Ann Montgomery in Minneapolis.

The brothers traveled from Texas to Minnesota specifically to carry out the scheme, prosecutors said. On the morning of September 19, 2025, they kidnapped a man and his family at gunpoint inside their home in Grant, a small city outside Minneapolis, demanded access to his cryptocurrency accounts, zip-tied the family, and held them for more than eight hours.

At one point, Isiah Garcia forced the man to travel to the family’s cabin in northern Minnesota to retrieve additional crypto storage devices and move the funds, according to court documents. In all, the brothers forced him to transfer more than $8 million.

The family’s son managed to call 911, and the brothers fled. Investigators used items they left behind at the home to identify them, then tracked them to the Houston area, where they were arrested. Both admitted using firearms to threaten the family.

See also  Crypto Will Not Overtake United States Dollar, Says Fed Governor

“No one should ever feel unsafe in their own home,” FBI Minneapolis Special Agent in Charge Christopher Dotson said, pledging that such “violence and greed” would be aggressively investigated. U.S. Attorney Daniel Rosen said the pleas reflected a commitment to holding the brothers “accountable for the choices they made.”

Each faces a maximum of 20 years in federal prison, and the two agreed to pay more than $8 million in restitution. Sentencing dates have not been set.

The brothers were first charged in September, days after an attack that rattled the Grant community and pushed a local high school to cancel a homecoming football game while police hunted the suspects.

Crypto “wrench attacks” on the rise

The case is among a fast-growing wave of so-called “wrench attacks,” in which crypto holders are coerced into handing over their assets using physical force or the threat of violence. Such attacks have multiplied worldwide.

Last year, Remy St. Felix received a 47-year prison sentence following his conviction by a federal jury in North Carolina for leading a violent crypto home-invasion ring—the longest sentence in any U.S. cryptocurrency case. In May, three Tennessee men were indicted over a “brazen” wrench-attack spree in California that allegedly netted $6.5 million at gunpoint.

France has become a particular hotspot, with prosecutors charging 88 people, including minors, across a dozen investigations into kidnappings whose victims included Ledger co-founder David Balland, who was abducted and mutilated before police freed him. Security experts say reported cases are likely an undercount, and have urged holders to keep their wealth out of public view.

See also  We asked Google Bard if Ripple will win the SEC case; Here's the answer

Source link

Armed Brothers Crypto Guilty Kidnapping Plead Texas
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Are perps swaps? A quick look at that CME suit: State of Crypto

June 21, 2026

Japan’s FSA orders moomoo Securities to halt new account openings until September

June 21, 2026

Africa’s crypto crackdown is really a remittance revolution

June 21, 2026

FCC robocall rule could make phone accounts a richer target for crypto attackers

June 21, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Backpack NFT App Announces Launch of Regulated Crypto Exchange

November 1, 2023

Tap Protocol overtakes BRC20 in 24 hour Bitcoin Ordinals transaction activity

February 16, 2024

The case for and against BNB dropping to $200

June 12, 2023

Subscribe to Updates

Get the latest creative news From Crypto Daily Pulse directly in your Inbox!

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Crypto, ICOs, Web3, Blockchain and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Are perps swaps? A quick look at that CME suit: State of Crypto

June 21, 2026

Japan’s FSA orders moomoo Securities to halt new account openings until September

June 21, 2026

Bitcoin Analysts Split Between Buyer Demand And Resistance C

June 21, 2026
Get Informed

Subscribe to Updates

Get the latest creative news From Crypto Daily Pulse directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2026 Crypto Pulse Daily - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

Cleantalk Pixel
  • bitcoinBitcoin(BTC)$64,013.000.21%
  • ethereumEthereum(ETH)$1,728.15-0.01%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$589.800.81%
  • usd-coinUSDC(USDC)$1.000.00%
  • rippleXRP(XRP)$1.14-0.25%
  • solanaSolana(SOL)$73.982.99%
  • tronTRON(TRX)$0.3274880.67%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.030.00%
  • HyperliquidHyperliquid(HYPE)$68.29-2.26%