Racketeering - GoKawiil

Malone 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.

tomshardware.com · 2026-09-10

Huawei's criminal racketeering trial opens in New York with jury selection

Jury selection begins in a long-running federal case against Huawei Technologies, which faces charges including wire and bank fraud, trade secret theft, and violating U.S. sanctions on North Korea. Prosecutors also allege Huawei equipment helped Iran surveil protesters during 2009 demonstrations. Huawei has called the government's case 'demonstrably false' and previously sought to have it dismissed as vague and overreaching.

fastcompany.com · 2026-09-08