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Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot

By bitcoin.com
Jun 15, 2026
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Key Takeaways:

Federal prosecutors linked Saif Faiq’s plea to an attempted bitcoin robbery plot.Authorities said the case involved a Lamborghini carjacking and two kidnapping victims.Sentencing could bring up to 20 years in prison.
Federal Prosecutors Detail Plea in Violent Bitcoin Kidnapping Plot

According to the U.S. Attorney’s Office:

Prosecutors reported that Faiq helped organize the attempted robbery and traveled to Connecticut for the planned home invasion and kidnapping. Authorities also said that he recruited participants, coordinated with Adam Iza, and helped conduct surveillance on the victims before the crime.

Investigators alleged that another co-conspirator had an altercation with the victims’ son at a Miami nightclub in July 2024. That person later communicated with certain kidnappers, provided funding, and helped arrange transportation and lodging before the Danbury incident.

Guilty Pleas Mount in Case Tied to Lamborghini Carjacking

Faiq pleaded guilty to conspiracy to interfere with commerce by robbery, known as Hobbs Act robbery. The charge carries a maximum prison term of 20 years. His sentencing is scheduled for Aug. 28, according to federal prosecutors.

U.S. Attorney’s Office stated:

Six other people were charged in connection with the carjacking and kidnapping, and prosecutors reported that all six have pleaded guilty. Together with the guilty pleas entered by Faiq and Iza, eight defendants have now admitted their roles in the case.

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