11th Guilty Plea in $245M Bitcoin Heist: Lam Faces 20 Years
The DOJ's racketeering case against 18 defendants in a $245 million bitcoin theft now has 11 guilty pleas, with organizer Malone Lam entering a plea that carries up to 20 years.
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court-decisions is the sole category represented across all 1 tracked stories. Washington DC victim is most often covered alongside Bitcoin, which appears in 1 of these 1 story. We currently track 1 Legal story that mention Washington DC victim, all published on September 11, 2026.
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court-decisions is the sole category represented across all 1 tracked stories. Washington DC victim is most often covered alongside Bitcoin, which appears in 1 of these 1 story. We currently track 1 Legal story that mention Washington DC victim, all published on September 11, 2026. Each carries 2 original sources on average.
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Lam pleads guilty to racketeering conspiracy
Malone Lam pleaded guilty before Judge Colleen Kollar-Kotelly, becoming the 11th of 18 defendants to do so. Sentencing was not immediately scheduled; he faces a maximum of 20 years.
FBI arrests Lam in Miami
After a month-long spending spree on cars, mansions, watches, and nightclubs, FBI agents arrested Lam in Miami. An off-duty officer had tipped him off that authorities were coming.
Victim duped out of 4,100 bitcoin
Co-conspirators posed as Google and Gemini representatives to trick a Washington, DC man into granting Google Drive access and revealing security codes, allowing Lam to siphon off more than 4,100 bitcoin worth over $245 million.
Crypto scam network begins operating
Prosecutors say Lam and a network of young men carried out a string of crypto scams starting in 2023.
The DOJ's racketeering case against 18 defendants in a $245 million bitcoin theft now has 11 guilty pleas, with organizer Malone Lam entering a plea that carries up to 20 years.
Washington DC victim is linked from 1 story on this site, each scored at or above our 35% relevance threshold — see how these pages are built.
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