A Miami Beach employee is accused of stealing nearly $1.9 million in Bitcoin from his former employer’s hardware wallet. Investigators say the missing coins were shuffled through a maze of wallets, exchanges and bank accounts (all traceable…)in what they describe as a calculated effort to hide where the money came from and where it ended up. The suspect is currently being held at a county detention center while detectives keep digging into the case.
According to an arrest report, the victim first spotted unauthorized outbound Bitcoin transactions from a Trezor hardware wallet in 2020, when Bitcoin was trading near $115,363 per coin, resulting in an estimated loss of roughly $1.9 million. Investigators identified the suspected former employee as Nahum Reynaldo Castro, an information-technology specialist the victim had trusted since 2013. The report states Castro was one of only two people known to have the wallet’s seed phrase.
Detectives said the victim and witnesses provided consistent transaction data during interviews and that the transfers were structured to hide the “nature, source, ownership and control” of the proceeds. Jail records show Castro was taken into custody on May 25 and faces charges including money laundering, unlawful use of a communications device, offenses against computer users and first-degree grand theft; bond is listed as “to be set,” according to WPLG Local 10 news.
