Bitcoin
$500,000 Nightclub Bills and 28 Exotic Cars: Inside the Bitcoin Theft Ring That Shook the US
CoinCentral·September 9, 2026·1 min read
Malone Lam, 22, pleaded guilty to RICO racketeering for organizing a $245 million crypto theft ring. The group used social engineering and home break-ins to steal Bitcoin, spending funds on exotic cars, $500,000 nightclub bills, and luxury goods. The conspiracy ran from at least October.
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