A 22-year-old Missouri man has pleaded guilty to conspiracy related to an attempted Bitcoin theft, carjacking, and kidnapping. Saif Faiq, from St. Louis, entered his plea in a federal court on June 8. The case is one of several recent examples of physical threats against crypto wealth in the US.
Prosecutors said Faiq helped recruit participants, coordinate with others, including his brother Adam Iza, and conduct surveillance on the victims. Iza pleaded guilty to the same charge on June 1. The conspiracy involved a plan to steal Bitcoin from a family connected to a separate theft involving hundreds of millions of dollars in BTC.
The case highlights the growing physical threat around crypto wealth. Prosecutors tied the plea to relatives, surveillance, and an alleged attempt to reach Bitcoin through human leverage. The defendant is scheduled to be sentenced on August 28.