GoKawiilMalone Lam pleads guilty in $245 million crypto theft ring formed via Minecraft meetups
Malone Lam, a 22-year-old Singaporean living in Miami, has pleaded guilty to racketeering charges tied to a cybercrime ring that allegedly stole and laundered hundreds of millions in cryptocurrency. Prosecutors say the 12-member group, which reportedly first connected through Minecraft before meeting in person in 2023, targeted wealthy crypto holders using social engineering, with individual thefts ranging from $800,000 to a single $245 million heist. Lam now faces up to 20 years in prison, with sentencing still pending.