The post California high school students arrested in plot to steal crypto, police say appeared on BitcoinEthereumNews.com. Two California high school students haveThe post California high school students arrested in plot to steal crypto, police say appeared on BitcoinEthereumNews.com. Two California high school students have

California high school students arrested in plot to steal crypto, police say

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Two California high school students have been arrested in a plot to steal a cryptocurrency stash. According to reports, the California high schoolers were arrested in Scottsdale, Arizona, after they allegedly posed as deliverymen to get into an apartment where they had been told $66 million in digital assets was stashed.

According to court documents, the California duo claimed they had never seen each other before, and that unknown people on the Signal app extorted them into participating in the burglary plot.

The police claimed that they were able to foil the home invasion after they received emergency reports around 10:45 AM Saturday, January 31. The responding officers claimed they heard a woman screaming and claimed they saw a man struggling with a youth when they got on site.

The officers claimed the duo left the house when they realized the police had come in from the front door.

California high schoolers arrested in home invasion plot

The police said they were able to chase the suspects, who drove off in a blue Subaru after fleeing through the back door of the house. The pursuit ended when the boys were boxed in at a dead-end, the police statement said.

The police were able to identify the first culprit as a 17-year-old from San Luis Obispo, who attended the San Luis Obispo High School, while the second was a 16-year-old from Morro Bay, who attended Pacific Beach High School in the same area.

The California high schoolers claimed they were sent $1,000 to buy disguises and restraining devices. They were also given the address of the home in Scottsdale’s Sweetwater Ranch neighborhood, 600 miles from where they live.

The California students claimed that their contact on the Signal encrypted messaging app, whom they only identified as 8 and Red, instructed them to get into the house and force the residents to hand over their digital assets to them, the duo said.

The police said they found UPS-style clothing, zip ties, duct tape, and a 3D-printed gun left behind at the scene after the attackers fled.

The mother of one of the teens also reportedly contacted police in California after accessing phone messages concerning the plot, but the Scottsdale police said they didn’t receive the information until after the break-in was carried out. The boys were booked into a Maricopa County juvenile detention facility on several charges.

Police confirm charges as search continues for Nancy Guthrie

According to the police, the duo will be charged with crimes including aggravated assault, kidnapping, and second-degree burglary. They have since been released on $50,000 bail with ankle monitors fitted to monitor their movements.

The police didn’t report whether the homeowners suffered any injuries during the invasion. They claimed that their adult son had been in the home with them when the invasion occurred and was able to call 911 while hiding from the intruders.

The home invasion took place in Scottsdale, about two hours north of Tucson, where investigators are still trying to piece together what happened to Nancy Guthrie, the mother of host Savannah Guthrie.

Nancy Guthrie was last seen at home around 9:30 PM on January 31, according to the Pima County Sheriff’s Department. Investigators believe Nancy was abducted. Her blood was found on her porch during the investigation, authorities said on Thursday.

In addition to her disappearance, TMZ reported receiving a possible ransom note that millions of dollars in digital assets be sent to a specific Bitcoin address. The wallet address was confirmed to be functional.

According to authorities, the note also contained a deadline, with TMZ also reportedly receiving an element of or else. The note lists two deadlines, with TMZ noting that the latter is more serious. The FBI confirmed that the first deadline was 5 PM on Thursday, while the second deadline is on Monday.

Source: https://www.cryptopolitan.com/california-students-plot-to-steal-crypto/

Market Opportunity
Housecoin Logo
Housecoin Price(HOUSE)
$0,0012942
$0,0012942$0,0012942
-%0,97
USD
Housecoin (HOUSE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

[Vantage Point] How Corporate Philippines is quietly war-gaming a supply shock

[Vantage Point] How Corporate Philippines is quietly war-gaming a supply shock

An empty gas station along Kalayaan Avenue in Quezon City is seen without customers because its fuel supply ran out on March 9, 2026, ahead of a new round of oil
Share
Rappler2026/03/31 12:00
Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users

Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users

Ondo Finance, a U.S.-based digital asset firm specializing in bringing traditional financial products on-chain through tokenization, is expanding its yieldcoin USDY to the Stellar network. This lates update marks a step forward in merging tokenized real-world assets with a global payments infrastructure, unlocking new opportunities for users worldwide. The announcement was made at the Stellar Meridian event in Copacabana, Rio de Janeiro, on September 17. USDY Joins the Stellar Ecosystem Ondo Finance, a recognized leader in tokenized real-world assets, announced the deployment of United States Dollar Yield (USDY) on Stellar, the payments-focused blockchain known for speed and low transaction costs. USDY is the most widely available “yieldcoin,” offering investors access to onchain assets backed by U.S. Treasuries. This launch allows Stellar’s global user base to tap into permissionless, yield-bearing assets tied to one of the safest financial instruments in the world. It also aligns with Stellar’s mission of driving fast, affordable cross-border payments. Combining Yield with Payments Infrastructure “Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance. “Fast, affordable cross-border payments are at the center of what Stellar was designed to do. The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users,” said Denelle Dixon, CEO of the Stellar Development Foundation. Ondo claims by pairing USDY with Stellar’s infrastructure, new possibilities open up in treasury management, collateralization, and everyday financial applications. Unlocking Institutional and Retail Use Cases USDY currently manages over $650 million in total value locked (TVL) across nine blockchains and offers a 5.3% APY. By launching on Stellar, Ondo Finance extends these benefits to global retail and institutional users. The firm explains balances on Stellar can now become productive, supporting use cases such as onchain savings, institutional treasury strategies, cost-efficient collateral for DeFi protocols, and remittance flows that carry yield rather than remaining static. A Milestone for Tokenized Treasuries With the integration of USDY, Stellar users gain more than just access to stable-value assets—they gain access to institutional-grade yield. For investors outside the U.S., the launch represents a new way to combine the safety of Treasuries with the accessibility of blockchain technology. As tokenization accelerates globally, Ondo Finance’s decision to deploy USDY on Stellar reinforces the narrative that blockchain is not just about speculation, but about reimagining the global financial system through secure, yield-bearing digital assets
Share
CryptoNews2025/09/18 00:46
Midas Raises $50M for Instant Liquidity Layer in Tokenized RWAs

Midas Raises $50M for Instant Liquidity Layer in Tokenized RWAs

The post Midas Raises $50M for Instant Liquidity Layer in Tokenized RWAs appeared on BitcoinEthereumNews.com. Tokenization startup Midas’s Series A round was led
Share
BitcoinEthereumNews2026/03/31 12:06