Cyber gang spent $4 million on nightclubs, $9 million on exotic cars in $263 million crypto fraud, DOJ says

Authorities have charged 12 individuals in a major RICO case involving over $263 million in cryptocurrency fraud, including money laundering and racketeering. The group operated between October 2023 and March 2025, spending $4 million on nightlife and $9 million on luxury cars.

As of now, XRP trades between $2.54 and $2.57, with a market cap of $150.38 billion. Despite a recent bullish trend, key indicators suggest caution, with potential near-term pullbacks if support levels fail to hold.

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