California Today

California Crypto 'Godfather' Pleads Guilty to Orchestrating Connecticut Kidnapping Linked to $245M Bitcoin Heist

02 June 2026 17:00

California crypto mogul Adam Iza, known as 'The Godfather,' pleaded guilty to orchestrating a kidnapping in Connecticut tied to a $245 million Bitcoin heist. The attack targeted the parents of the heist's mastermind.

- Iza, 25, admitted to conspiracy to interfere with commerce by robbery on June 1, 2026. - The kidnapping involved beating the victims with a baseball bat and dragging them by hair; six men from Florida were arrested.

- Iza also pleaded guilty in a separate California case for extortion, using off-duty sheriff's deputies as enforcers, and stealing $37 million from Meta. - Prosecutors seek at least 14 years in prison for Iza; sentencing is pending.

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