💸 A $263M crypto heist, 28 exotic cars, and a guilty plea
Malone Lam — a Singaporean national who organised an international crew recruited through online gaming platforms — pleaded guilty this week to a RICO conspiracy involving over $263 million in stolen crypto. The ring ran from late 2023 through May 2025, targeting holders via fake Google and Gemini support calls, screen-sharing tricks and physical home break-ins.
The spending: 28 exotic cars, private jets, luxury watches — and nightclub tabs of $500K a night. Lam was reportedly still directing luxury deliveries to his girlfriend from pretrial detention.
Next hearing: December 8th. Sentencing date TBD, per CoinDesk.
Cointelegraph
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