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AP Top News·September 7, 2026 at 2:53 PM

The U.S. Justice Department has filed a grand jury superseding indictment against Malone Lam and co-defendants accused of carrying out one of the largest cryptocurrency thefts in U.S. history. According to the AP, the group of young men allegedly duped a victim out of bitcoin worth over $240 million in August 2024, laundered the proceeds through a sophisticated scheme, and then went on a lavish spending spree to celebrate the heist.

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cryptocurrencybitcointheftJustice Departmentindictmentfraud

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