Malone Lam pleaded guilty on Sept. 8 to participating in a racketeering conspiracy that U.S. prosecutors linked to more than $245 million in cryptocurrency thefts.
Summary
- Malone Lam pleaded guilty to one RICO conspiracy count involving $245 million in cryptocurrency thefts.
- Prosecutors said Lam organized an international network using social engineering and occasional residential break-ins worldwide.
- More than 4,100 Bitcoin were stolen from one Washington resident during the August 2024 attack.
- The criminal enterprise operated from October 2023 through at least May 2025, court documents show.
- Judge Colleen Kollar-Kotelly scheduled a December 8 status hearing without…
