$245 million in stolen crypto funded racketeering crew’s lavish lifestyle

A 22-year-old man built his fortune by breaking into strangers’ digital wallets, then spent it on nightclub tabs, private jets, and a fleet of cars worth millions. Malone Lam, a Singapore citizen, pleaded guilty this week in a Washington D.C. federal court to running a racketeering conspiracy that stole and laundered more than $245 million in cryptocurrency.