Coin Bureau|Sep 07, 2026 21:01
🚨BREAKING: The first ever Bitcoin RICO case has charged 18 people for stealing $263 MILLION in crypto from a SINGLE victim.
Ringleader Malone Lam, a 22-year-old eighth-grade dropout from Singapore, is expected to plead guilty on Tuesday.
He impersonated Google and Gemini staff to trick a Washington DC resident into handing over access to 4,100 Bitcoin.
The group blew $4 MILLION at LA clubs in one month, with Lam dropping $569,000 in a single night.
Even from behind bars, he allegedly kept running the operation, ordering Hermès Birkin bags delivered to his girlfriend in Miami.
The DOJ is prosecuting the case after disbanding the very crypto enforcement unit built to handle it.(Coin Bureau)
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