Crypto Heist Crew Lives Large | Tulsa News

A jaw-dropping crypto heist netted over $240 million in Bitcoin, fueled by a crew of reckless teens who turned stolen cash into luxury jets, mansions, and club nights—led by 22-year-old Malone Lam, who dropped $560K in one night. After tricking a wealthy investor via social engineering, they laundered the haul and pulled off multiple heists since late 2023. One associate’s sloppy IP trace led to his arrest, while Lam kept living large—buying watches and cars—with prosecutors calling it “Ferris Bueller gone bad.” Eighteen are now charged; Lam faces up to 14 years if convicted, as greed and carelessness unravel even the slickest schemes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bdb658270eb384b6