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boardroom The Register September 09, 2026

Cryptocrook ringleader, 22, who met crew on Minecraft admits role in $245M heist

Cryptocrook ringleader, 22, who met crew on Minecraft admits role in $245M heist
AI Summary

The ringleader of a sprawling cybercrime operation has pleaded guilty in the US after helping to steal and launder hundreds of millions of dollars in cryptocurrency. Malone Lam, 22, a Singaporean national and Miami resident, spearheaded the scheme to steal cryptocurrency from wealthy individuals between October 2023 and May 2025. He first visited the US in 2023 after meeting two of the group's earliest alleged members – Jeandiel Serrano and Veer Chetal – while playing Minecraft online.

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