The U.S. Attorney’s Office of the Southern District of New York announced charges against three men responsible for a scheme in which they stole millions from cryptocurrency exchanges and traditional banks. The group used stolen identities to buy cryptocurrency from various crypto exchanges, then convinced the banks that the fraudulent transactions were, well, fraudulent. The banks would refund the transactions to the thieves, who would then make off with both that and the cryptocurrency they had purchased.The three men were charged with wire fraud, bank fraud, and identity theft charges, and face potential decades in prison if convicted.