ZachXBT reported the arrest of a suspect in the theft of 4,100 BTC from the lender Genesis - ForkLog: cryptocurrencies, AI, singularity, future

# ZachXBT reported the arrest of a suspect in the theft of 4,100 BTC from lender Genesis

The police have reportedly taken into custody a hacker linked to the theft of $243 million from one of Genesis’s lenders. This was announced by on-chain detective ZachXBT.

“British cybercriminal Danny / Meech, also known as Danish Zulfiqar (Khan), appears to have been detained by law enforcement, and his crypto assets have been seized,” he wrote

As evidence, ZachXBT pointed to an Ethereum address where about $18.58 million in cryptocurrency was frozen. According to the expert, the wallet belongs to the suspect.

“Several addresses I was tracking, associated with him, transferred funds to [this wallet] in a pattern typical for law enforcement seizures,” the on-chain detective explained.

He also noted that Zulfiqar was “last located in Dubai.” It is believed that his villa was searched.

Other victims have also been detained. As indirect confirmation, ZachXBT cited the fact that several of the hacker’s contacts “have stopped responding in recent days.”

At the time of publication, there have been no official statements from either Dubai police or UAE regulators. Local media also have no information potentially related to the hacker or his arrest.

Context

ZachXBT is the author of an investigation into one of the most high-profile thefts in the crypto industry, which targeted lender Genesis.

The scammers posed as Google support, convinced the victim to reset two-factor authentication for their Gemini exchange account, and used special software to gain full control of the device. As a result, they obtained private keys and transferred 4,064 BTC through exchangers and mixers.

In September 2024, thanks to information provided by the expert, the FBI arrested three suspects under the nicknames Greavys, Wiz, and Box (later identified as Malone Lam, Vir Chetal, and Jandiel Serrano). All of them were gamers and self-taught hackers.

Since then, US authorities have launched a series of cases related to the criminal group. The US Department of Justice charged two of its members with crypto fraud totaling $230 million. It was later revealed that law enforcement accused the fraudsters of orchestrating a $263 million scheme, which included the theft of over 4,100 BTC from Genesis.

According to investigators, the stolen funds were spent on luxury cars, travel, and nightclubs.

Recall that in October, ZachXBT uncovered a scheme involving the theft of $3 million in XRP from the wallet of an elderly American.