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Florida IT pro stole $1.9M in Bitcoin from employer, laundered funds over 5 years before arrest.

Market News
27 May 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Nahum Reynaldo Castro, a Miami IT specialist, allegedly stole $1.9 million worth of Bitcoin from his employer by using knowledge of the hardware wallet's seed phrase. The theft occurred around 2020 but went unnoticed until 2025 during a move. Castro then laundered the stolen Bitcoin through various exchanges and bank accounts over five years. His arrest highlights risks of single-person wallet access and the traceability of crypto transactions through exchanges and banks, urging investors to consider multi-signature wallets for better security.

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