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Malone Lam Pleads Guilty in $245M Crypto Theft Conspiracy

US prosecutors said Lam organized an international network that used social engineering and home break-ins to target cryptocurrency holders.

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Marcus Webb · Crypto Desk · 15 Sept 2026 · 01:56 · 1 min read
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Malone Lam Pleads Guilty in $245M Crypto Theft Conspiracy

Malone Lam pleaded guilty in a $245M crypto theft conspiracy, according to prosecutors.

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US prosecutors said Lam organized an international network that targeted cryptocurrency holders through social engineering and home break-ins.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Marcus Webb
Crypto Desk

Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.

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Malone Lam Guilty in $245M Crypto Theft · Finance Review Daily