Minecraft-linked hacker faces 20 years for $245 million theft
Malone Lam, a 22-year-old linked to Minecraft communities, has pleaded guilty to leading a cybercrime ring that stole $245 million in cryptocurrency through sophisticated social engineering and physical theft. Facing up to 20 years in prison, Lam oversaw a lavish lifestyle funded by the heists, which included private jets and high-end luxury goods.
New details from GN markets/crypto (en-US) reveal the gang targeted high-net-worth individuals by posing as support staff for major platforms like Google and Coinbase, while one accomplice physically burgled a victim's home to seize hardware wallets. The group allegedly flaunted their ill-gotten gains with private jets, luxury cars, and nightclub bills reaching $500,000.
Source: GN markets/crypto (en-US)Malone Lam pleaded guilty to racketeering charges. The 22-year-old faces up to 20 years in prison. The gang stole $245 million in a single incident.
Source: GN markets/crypto (en-US)
