Brothers charged in armed kidnapping after $8 million crypto heist in Minnesota

Two brothers who held a family for nine hours at gunpoint and stole $8 million in cryptocurrency were charged with kidnapping on Thursday, prosecutors said.

Raymond Christian Garcia, 23, and Isiah Angelo Garcia, 24, allegedly held a man, his father, and his mother hostage on Sept. 19 in Grant, Minnesota.

As a result, prosecutors said nearby Mahtomedi Public School had to cancel its homecoming football game.

“A violent kidnapping that stole $8 million and silenced a homecoming game is not just a crime. It is a blow to the sense of safety of everyone in Minnesota,” said Acting U.S. Attorney Joseph H. Thompson in a statement on Thursday.  “This is not normal.”

There have been several crypto-related kidnappings over the past year. In New York City, a 28-year-old Italian victim escaped an upscale Manhattan apartment and said he had been held captive, beaten, and tortured for weeks to give up access to his crypto. In Las Vegas, two teenagers allegedly abducted a man, driving him an hour to a “remote desert” and stole $4 million in crypto.

What happened in Minnesota

Prosecutors said Isiah Garcia pressed one of the victims, the father, to log into his crypto accounts and transfer those funds into a crypto wallet that Raymond Garcia provided. At one point during the kidnapping, the brothers realized that the victim had more crypto funds, which the victim said were on a “hard drive-style cryptocurrency wallet” at a cabin three hours away.

Isiah Garcia then forced that victim into a truck to go get that hard drive, while the other two victims were held hostage. When they returned home, 911 was called.

Law enforcement tracked down a Wendy’s receipt, video surveillance of Raymond Garcia renting a motel room in Roseville, Minnesota, and a rental car, which led them to the brothers’ house in Waller, Texas.

The brothers were arrested on Sept. 22 and Isiah Garcia confessed, admitting to the crimes. In total, the brothers were charged with three counts of kidnapping, first-degree aggravated robbery, and three counts of first-degree burglary. On the federal level, they were charged with kidnapping, according to the statement on Thursday.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

Icon Bitcoin Cryptocurrency

Trade Crypto On Coinhub Exchange

Trade Crypto On Coinhub Exchange

Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!

Disclaimer

The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.

Read more

💹 Related News

🔥 Popular News

Referral Reward Program – Earn Commissions!  Learn More Icon Long Arrow