Saif Faiq Pleads Guilty to Bitcoin Robbery Plot on June 8

According to the U.S. Attorney's Office for the District of Connecticut, on June 8, Saif Faiq, 22, of St. Louis, pleaded guilty to conspiracy to interfere with commerce by robbery, known as Hobbs Act robbery, in Hartford federal court. The charge carries a maximum prison term of 20 years, with sentencing scheduled for August 28.

The plea relates to an attempted bitcoin theft and the August 2024 kidnapping of two people in Danbury, Connecticut. Court documents linked the plot to hundreds of millions of dollars in bitcoin. Prosecutors said the kidnapping victims were the parents of an individual involved in the theft. Faiq helped organize the attempted robbery, recruited participants, and conducted surveillance on the victims. Eight defendants have now pleaded guilty in connection with the case, including Faiq's brother Adam Iza, who admitted guilt on June 1, 2026.