ZachXBT Reports Arrest of Suspect in 4100 BTC Theft from Genesis Lender

Police have reportedly detained a hacker linked to the theft of $243 million from a Genesis lender.

Police have reportedly detained a hacker linked to the theft of $243 million from a Genesis lender, according to on-chain detective ZachXBT.

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

ZachXBT pointed to an Ethereum address as evidence, where approximately $18.58 million in cryptocurrency has been frozen. According to the expert, the wallet belongs to the suspect.

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

He also noted that Zulfikar was “last located in Dubai.” It is believed that a search was conducted at his villa.

Other affected individuals have also been detained. ZachXBT indirectly confirmed this by noting that several of the hacker’s contacts “have stopped communicating in recent days.”

As of the time of publication, no official statements have been made by Dubai police or UAE regulators. Local media also lack any potentially related information about the hacker and his arrest.

Context

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

The fraudsters 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 4064 BTC through exchanges and mixers.

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

Since then, American authorities have initiated a series of cases related to the criminal group. The US Department of Justice charged two of its members with a $230 million cryptocurrency fraud. It was later revealed that law enforcement accused the fraudsters of orchestrating a $263 million scheme, which included the theft of over 4100 BTC from Genesis.

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

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