Neighbors in a Miami neighborhood were shaken up after FBI agents conducted an overnight raid on a luxury home.

The FBI received 69,000 cryptocurrency scam complaints in 2023 -- about half were related to investment fraud.

FBI agents descended on a Miami home Wednesday night to serve warrants and search, authorities say. The FBI was “conducting court ordered law enforcement activity,” special agent Willie Creech said. Miami officers also were in the area of Northeast 83rd Street and North Bayshore Drive to assist the FBI,, said police spokeswoman Kiara Delva.

The men allegedly spent the laundered crypto proceeds on international travel, nightclubs, luxury cars, watches, jewelry, designer handbags and rental homes.

A Miami man is facing charges after authorities said he teamed up with a California man in a scam to steal and launder over $230 million in cryptocurrency.

The indictment states the suspects “used the illegally obtained cryptocurrency to purchase international travel, service at nightclubs, numerous luxury automobiles, watches, jewelry, designer

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Malone Lam and Jeandiel Serrano allegedly spent the proceeds on nightclubs, luxury automobiles, watches and jewellery A Singaporean living in the United States was among two people charged with conspiring to steal and launder US$230 million in cryptocurrency on Thursday.