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Minecraft-formed crypto theft ringleader pleads guilty to $245M heist

By PulseAugur Editorial · [2 sources] ·

A ringleader of a cryptocurrency theft gang, which reportedly formed through online meetups in Minecraft, has pleaded guilty to racketeering charges. Malone Lam, a 22-year-old Singaporean and Miami resident, faces up to 20 years in prison for his alleged role in stealing and laundering hundreds of millions of dollars. The gang, comprising about 12 members, operated for two years, with individual thefts ranging from $800,000 to tens of millions, including one heist of $245 million from a single victim. Members enjoyed lavish lifestyles funded by the illicit gains, acquiring numerous luxury vehicles, expensive watches, and renting high-end properties, before Lam's arrest in September 2024. AI

RANK_REASON This is a report on a criminal conviction related to cryptocurrency theft, not a new AI model release or research.

Read on Mastodon — mastodon.social →

AI-generated summary · Google Gemini · from 2 sources. How we write summaries →

Minecraft-formed crypto theft ringleader pleads guilty to $245M heist

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This is a report on a criminal conviction related to cryptocurrency theft, not a new AI model release or research.
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COVERAGE [2]

  1. Tom's Hardware TIER_1 English(EN) · Mark Tyson ·

    Minecraft-spawned crypto kingpin faces 20 years for $245 million heist — mastermind's role in hacking campaign fueled their supercar, bodyguards, and private jet habit

    The ringleader of a cybercrime gang, which reportedly formed after meetups in Minecraft online, has plead guilty to a racketeering charge and now faces up to 20 years in jail.

  2. Mastodon — mastodon.social TIER_1 English(EN) · [email protected] ·

    Minecraft-spawned crypto kingpin faces 20 years for $245 million heist — mastermind's role in hacking campaign fueled their supercar, bodyguards, and private je

    Minecraft-spawned crypto kingpin faces 20 years for $245 million heist — mastermind's role in hacking campaign fueled their supercar, bodyguards, and private jet … The ringleader of a cybercrime gang, which reportedly formed after meetups in Minecraft online, has plead guilty to …

    LINKS tomshardware.com/…/minecraft-spawned-cryp… tomshardware.com/tech-industry

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