Gaming Contacts Became a $245 Million Crypto Theft Ring, Leader Pleads Guilty
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 The post Gaming Contacts Became a $245 Million Crypto Theft Ring, Leader Pleads Guilty appeared first on BeInCrypto.
Key Takeaways
- 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.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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