Malone Lam admitted leading an international cryptocurrency theft network that used impersonation and stolen account information to drain victims’ wallets.
AMBCrypto•Adewale Olarinde11 SeptMalone Lam’s Bitcoin theft guilty plea resolves his criminal responsibility, but recovery of the stolen crypto and victim compensation remain unresolved.
99Bitcoins•Alex Ioannou10 Sept
A Singaporean cybercrime ringleader has admitted directing a network that stole and laundered more than $245 million in cryptocurrency. The enterprise combined online impersonation with home break-ins, then poured stolen funds into exotic cars, private jet rentals, and nightlife. Malone Lam Admits Leading the Crypto Theft Enterprise Malone Lam, a 22-year-old Singaporean citizen and recent […]
Bitcoin.com News•Kevin Helms10 Sept
"If you build a cybercrime empire, we will find you, dismantle your operation, and hold you accountable," said US Attorney Pirro.
The use of RICO in crypto crime cases signals a tougher legal stance, potentially reshaping enforcement and regulatory frameworks globally.
CryptoBriefing•Editorial Team9 Sept
Malone Lam pleaded guilty on Tuesday to a racketeering conspiracy that drained more than $245 million in cryptocurrency. The 22-year-old Singaporean citizen led a group that talked its way past people rather than past software. Prosecutors say the enterprise ran from October 2023 through at least May 2025. Malone Lam Guilty Plea Caps a Two-Year
BeInCrypto•Kamina Bashir9 Sept
Malone Lam admitted joining a RICO conspiracy that U.S. prosecutors linked to more than $245 million in cryptocurrency thefts.
US prosecutors said Lam organized an international network that targeted cryptocurrency holders through social engineering and home break-ins.
Cointelegraph•Cointelegraph by Ezra Reguerra9 Sept
Malone Lam pleaded guilty for his role in leading an international "social engineering" scheme, stealing $245 million worth in cryptocurrency.
The Block•Sarah Wynn8 Sept
A plea agreement hearing in Lam's case is set for Tuesday in Washington, nearly two years after his arrest in Miami.
Malone Lam, the alleged ringleader of a group accused of stealing more than $240 million in Bitcoin from a Washington, D.C., investor, has been set for a plea agreement hearing after 10 other defendants admitted guilt in the sprawling crypto…
The case underscores the growing legal recognition of cryptocurrency crimes, highlighting the challenges of digital asset recovery and human vulnerabilities.
CryptoBriefing•Editorial Team7 Sept