CyberSecurity News
Scammer behind $245 million crypto heist pleads guilty to RICO charges
The Record
· September 8, 2026AI summary
Malone Lam has pleaded guilty to RICO charges related to a crypto heist. Lam was indicted in September 2024 after law enforcement took notice of the lavish spending of stolen crypto funds, which included vacations to the Hamptons, cars, and private jets. The crypto heist is reported to have involved $245 million.
This is an AI-generated brief aggregated by HackerFeeds for convenience and grounded in the source’s own summary; the related CVE, threat-group and country data is from HackerFeeds’ own indexes. The original article is the authoritative source — all rights belong to The Record.