The suspect known as "Shrek" has pleaded guilty, involved in an encryption theft case amounting to 263 million dollars.

According to Decrypt, the U.S. Department of Justice announced that a 45-year-old California man named Kunal Mehta, who went by the alias “Shrek,” has pleaded guilty to violating the Racketeer Influenced and Corrupt Organizations Act (RICO) and participating in Money Laundering of at least $25 million in crypto assets. Mehta is the eighth member of the gang to plead guilty, having provided money laundering services such as converting crypto to cash and holding luxury cars on behalf of others, and he was found carrying approximately $500,000 in cash for his accomplices. Since 2023, the gang has stolen a total of $263 million in crypto assets through social engineering and hacking techniques, with the funds being used to purchase nightclub services, luxury goods, and real estate. Prosecutors have listed a total of 28 vehicles to be seized, including 7 Lamborghinis, 3 Ferraris, 1 Rolls Royce, and 1 McLaren. A total of 13 individuals have been charged in the case, some of whom were only 18 years old at the time of the crime.