Crypto theft ringleader Malone Lam set to appear in court over $230 million Bitcoin theft

Malone Lam pleads guilty to $245M Bitcoin theft and lavish spending

Malone Lam pled guilty to RICO conspiracy for $245M Bitcoin theft; first DOJ racketeering prosecution in crypto. DOJ's RICO approach signals organized-crime-level enforcement, reshaping accountability from solo actors to coordinated enterprises with broader asset seizure powers.