The police testified in court that during the shooting of the CEO of United Health Insurance, a suspect was found holding a note with a blacked-out cryptocurrency seed phrase. Luigi Mangiolone was arrested in 2024, carrying tech gadgets and a large amount of cash. After his arrest, a cryptocurrency called "LUIGI" briefly surged to a market cap of $60 million before crashing; an initial investment of $1,000 is now worth only about $25.
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The police testified in court that during the shooting of the CEO of United Health Insurance, a suspect was found holding a note with a blacked-out cryptocurrency seed phrase. Luigi Mangiolone was arrested in 2024, carrying tech gadgets and a large amount of cash. After his arrest, a cryptocurrency called "LUIGI" briefly surged to a market cap of $60 million before crashing; an initial investment of $1,000 is now worth only about $25.